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I quantify the perceived changes in hourly wage rates associated with working different hours on the same job for a representative sample of female workers. While part-time working women expect significant hourly wage gains from switching to full-time work - 7% on average - full-time workers...
Persistent link: https://www.econbiz.de/10013462652
We analyse the role of mass violent conflict in influencing individual expectations. We hypothesise that individuals … are likely to report negative expectations if they were exposed to conflict events in the past. We combine individual and … association between conflict and expectations. Results indicate that conflict intensity is correlated with a decrease in the …
Persistent link: https://www.econbiz.de/10010285753
We provide, for the first time, comparative evidence of the impact of various types of extreme events - natural disasters, terrorism, and violent conflicts - on the perceptions of entrepreneurs concerning some key entrepreneurial issues - such as fear of failure in starting a business venture,...
Persistent link: https://www.econbiz.de/10010286046
, France, Italy, the Netherlands, and the UK. We find that even when accounting for expectations, represented by the economic …
Persistent link: https://www.econbiz.de/10010260967
We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
Persistent link: https://www.econbiz.de/10010271110
We analyse the decline in output volatility in Germany. A lower level of variance in an autoregressive model of output growth can be either due to a change in the structure of the economy (a change in the propagation mechanism) or a reduced error term variance (reduced impulses). In Germany the...
Persistent link: https://www.econbiz.de/10010274489
In this paper we propose a new modelling framework for the analysis of macro series that includes both stochastic trends and stochastic cycles in addition to deterministic terms such as linear and non-linear trends. We examine four US macro series, namely annual and quarterly real GDP and GDP...
Persistent link: https://www.econbiz.de/10011749973
Using a binary reference series based on the dating procedure of Artis, Kontolemis and Osborn (1997) different procedures for predicting turning points of the German business cycles were tested. Specifically, a probit model as proposed by Estrella and Mishkin (1997) as well as Markov-switching...
Persistent link: https://www.econbiz.de/10010260642
This paper investigates the wealth effect for 16 industrial countries using the recently proposed technique that exploits the sluggishness of consumption growth. I estimate that the longrun marginal propensity to consume from wealth varies from less than 0.5 cents in France to 4.5 cents in the...
Persistent link: https://www.econbiz.de/10010260965
I construct a new dataset with financial and housing wealth in 16 countries and investigate the effect of wealth on consumption. The baseline estimation method based on the sluggishness of consumption growth implies that the long-run marginal propensity to consume out of total wealth averaged...
Persistent link: https://www.econbiz.de/10010260998