Showing 1 - 10 of 132
Persistent link: https://www.econbiz.de/10003264405
We propose a nonparametric test that distinguishes “depressions” and “booms” from ordinary recessions and expansions. Depressions and booms are defined as coming from another underlying process than recessions and expansions. We find four depressions and booms in the NBER business cycle...
Persistent link: https://www.econbiz.de/10010202869
This study investigates the bank competition-stability nexus using a unique regulatory dataset provided by the Deutsche Bundesbank over the period 1994 to 2010. First, we use outright bank defaults as the most direct measure of bank risk available and contrast the results to weaker forms of bank...
Persistent link: https://www.econbiz.de/10009792985
This paper compares the out-of-sample predictive performance of different early warning models for systemic banking crises using a sample of advanced economies covering the past 45 years. We compare a benchmark logit approach to several machine learning approaches recently proposed in the...
Persistent link: https://www.econbiz.de/10011948379
The adoption decision for durable goods is intertemporal by definition. However, estimating utility and discount functions from revealed preference data using dynamic discrete choice models is difficult because of an inherent identification problem. To overcome this issue, we use stated...
Persistent link: https://www.econbiz.de/10012139042
This study investigates firm survival and employment growth of start-ups by unemployed people in East and West Germany as promoted by the Work Support Act (so called bridging allowances). In 1994, the services provided were improved considerably, which led to a sharp increase in the number of...
Persistent link: https://www.econbiz.de/10011620673
As illicit substances move into the legal product space, substitution patterns with legal products become more salient. In particular, marijuana legalization may have implications for the use of other legal “sin” goods. We estimate a structural model of multi-product use of illegal and legal...
Persistent link: https://www.econbiz.de/10014476791
Persistent link: https://www.econbiz.de/10012507430
We show that review platforms reduce healthcare interruptions for patients looking for a new physician. We employ a difference-in-differences strategy using physician retirements as a “disruptive shock” that forces patients to find a new physician. We combine insurance claims data with...
Persistent link: https://www.econbiz.de/10012642659
increased (and is also considerably higher than the OECD average). Such increases raise the possibility of overeducation if the … amount of jobs which require such education do not increase at a similar pace. Among the consequences of overeducation are … also face more discrimination in the labour market, the consequences of overeducation are likely to differ by gender. Using …
Persistent link: https://www.econbiz.de/10012221423