Similar Search Results

Skills and earnings : a multidimensional perspective on human capital

Woessmann, Ludger - 2024

The multitude of tasks performed in the labor market requires skills in many dimensions. Traditionally, human capital has been proxied primarily by educational attainment. However, an expanding body of literature highlights the importance of various skill dimensions for success in the labor...

Persistent link: https://www.econbiz.de/10015081348

Modelling risk premia in CO2 allowances spot and futures prices

Chevallier, Julien - Université Paris-Dauphine (Paris IX) - 2010

This article analyzes the modelling of risk premia in CO2 allowances spot and futures prices, valid for compliance under the EU Emissions Trading Scheme (EU ETS). Similarly to electricity markets, a salient characteristic of CO2 allowances is that the theory of storage does not hold, as CO2...

Persistent link: https://www.econbiz.de/10011072123

Fundamental determinants of school efficiency and equity : german states as a microcosm for OECD countries

Woessmann, Ludger (contributor) - 2007

Persistent link: https://www.econbiz.de/10003497577

Education and industrialization in Prussia : a reassessment

Edwards, Jeremy S. S. - 2013

This paper investigates Becker, Hornung and Woessmann's recent claim that education had an important causal effect on … problems, notably the omission of relevant variables which leads to serious bias in the estimated effect of education. When … these problems are corrected, the conclusions of Becker, Hornung and Woessmann no longer hold. Education did not play an …

Persistent link: https://www.econbiz.de/10009691683

Efficiency and equity of European education and training policies

Woessmann, Ludger (contributor) - 2006

Persistent link: https://www.econbiz.de/10003364771

Leverage vs. Feedback: Which Effect Drives the Oil Market ?

Chevallier, Julien; Aboura, Sofiane - Université Paris-Dauphine (Paris IX) - 2013

This article brings new insights on the role played by (implied) volatility on the WTI crude oil spot price. An increase in the volatility subsequent to an increase in the oil price (i.e. inverse leverage effect) remains the dominant effect as it might reflect the fear of oil consumers to face...

Persistent link: https://www.econbiz.de/10010861609

Cointegration between carbon spot and futures prices : from linear to nonlinear modeling

Chevallier, Julien - Université Paris-Dauphine (Paris IX) - 2012

This paper develops two nonlinear cointegration models - a VECM with structural shift and a threshold cointegration model - applied to carbon spot and futures prices. The results extend the previous findings by Chevallier (2010), who studied this topic with a linear VECM. First, in the VECM with...

Persistent link: https://www.econbiz.de/10010706371

Variance risk-premia in CO2markets

Chevallier, Julien - Université Paris-Dauphine (Paris IX) - 2013

Persistent link: https://www.econbiz.de/10010707135

EUAs and CERs : Interactions in a Markov regime-switching environment

Chevallier, Julien - Université Paris-Dauphine (Paris IX) - 2012

This paper analyzes jointly the time series of European Union Allowances (EUAs) and Certified Emissions Reductions (CERs) in a Markov regime-switching environment. The purpose consists in capturing the interactions between the two time series - which have been highlighted in previous literature...

Persistent link: https://www.econbiz.de/10010707454

EUAs and CERs : Vector autoregression, impulse response function and cointegration analysis

Chevallier, Julien - Université Paris-Dauphine (Paris IX) - 2010

EUAs are European Union Allowances traded on the EU Emissions Trading Scheme (EU ETS), while Certified Emissions Reductions (CERs) arise from the Clean Development Mechanism under the Kyoto Protocol. These emissions assets attract an increasing attention among brokers, investors and operators on...

Persistent link: https://www.econbiz.de/10010707645