The Ricardian model is often considered of limited use and scope for the explanation of trade flows, as it cannot account for various important aspects of real world trade such as innovation goods or intra-industry trade. This is basically due to the fact that the Ricardian model is usually...

The method of inverse sampling probabilities is adopted to calculate weights for a household panel. The method generates longitudinal as well as cross-sectional weights, which reflect the subsequent sampling stages of the panel and the different possibilities of households to enter the panel.

One common feature of all empirical wage curve studies is the underlying assumption that the unemployment rate is the natural indicator of labor market tightness. However, we observe that in many European countries governments spend remarkable amounts on labor market training programs. As...