Showing 1 - 10 of 68
-specific hours and wage of the chosen job. The main contribution of this paper is an analysis of the identification problem of this …
Persistent link: https://www.econbiz.de/10011968556
superfluous information as auxiliary tools of exact identification. To illustrate the procedure and to study the simultaneous …
Persistent link: https://www.econbiz.de/10011968332
We find empirical evidence of a financial accelerator using a data based procedure of Structural Model Design. Credit to firms, asset prices and aggregate economic activity interact over the business cycle in our empirical model of a dynamic economy. Furthermore, the interdependence between...
Persistent link: https://www.econbiz.de/10011968339
Contrary to standard agnostic statistical approaches an output gap estimate based on a New Keynesian Small Open Economy model provides the possibility to analyze the driving forces of the variation in GDP caused by nominal rigidities. This paper makes use of this and provides an estimate of a...
Persistent link: https://www.econbiz.de/10010316060
The official measure to analyse poverty in Germany is the at-risk-of-poverty rate, defined as 60 per cent of the median net equivalence income. The severe methodological weaknesses of this rate seem to be the main source for the uncertainty that the issue of poverty in Germany generates in the...
Persistent link: https://www.econbiz.de/10010329939
According to Sen (1976), any reasonable poverty index ought to be sensitive to inequality. In a multidimensional framework, inequality between poverty dimensions is traditionally treated as association sensitivity. Such an approach, however, is based exclusively on efficiency considerations,...
Persistent link: https://www.econbiz.de/10010329953
The notion of the group of orthogonal matrices acting on the set of all feasible identification schemes is used to … characterize the identification problem arising in structural vector autoregressions. This approach presents several conceptual … uninformative prior. Second, it allows to derive the joint distribution of blocks of parameters defining an identification scheme …
Persistent link: https://www.econbiz.de/10011583290
This paper discusses identification, estimation and testing in panel data models with attrition. We focus on a … establishes conditions for identification and consistent estimation based on the pseudo likelihood function. It is also shown that …
Persistent link: https://www.econbiz.de/10011968100
We study the effects of various environmental regulations on environmental performance measured as emission intensity. Moreover, we aim to test whether any such effects are persistent or only temporary. Conventional theory predicts that indirect regulations as opposed to direct regulations...
Persistent link: https://www.econbiz.de/10011968558
We evaluate how nonresponse affects conclusions drawn from survey data and consider how researchers can reliably test and correct for nonresponse bias. To do so, we examine a survey on labor market conditions during the COVID-19 pandemic that used randomly assigned financial incentives to...
Persistent link: https://www.econbiz.de/10012872999