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In this paper we deliver first causal evidence on the relationship between immigrant host country language proficiency … and homeownership. Using an instrumental variable strategy, we find a substantial positive impact of language skills on … capital and, in particular, language proficiency for socio-economic assimilation. …
Persistent link: https://www.econbiz.de/10014235116
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Empirical studies on information communication technologies (ICT) typically aggregate the informationʺ and …" lower level agents. Conversely, technologies reducing communication costs substitute agent's knowledge for directions from … workers) are associated with more autonomy and a wider span of control. By contrast, communication technologies (like data …
Persistent link: https://www.econbiz.de/10003868135
-country language skills and educational attainment? We exploit the exogenous placement of guest workers from five ethnicities across … exposure to a higher own-ethnic concentration impairs immigrant children's host-country language proficiency and increases … school dropout. A key mediating factor for this effect is parents' lower speaking proficiency in the host-country language …
Persistent link: https://www.econbiz.de/10011904270
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We explore whether modelling parameter time variation improves the point, interval and density forecasts of nine major exchange rates vis-a-vis the US dollar over the period 1976-2015. We find that modelling parameter time variation is needed for an accurate calibration of forecast confidence...
Persistent link: https://www.econbiz.de/10011489395
This paper considers factor estimation from heterogenous data, where some of the variables are noisy and only weakly informative for the factors. To identify the irrelevant variables, we search for zero rows in the loadings matrix of the factor model. To sharply separate these irrelevant...
Persistent link: https://www.econbiz.de/10009674269
A growing literature stresses the importance of the “global financial cycle”, a common global movement in asset prices and credit conditions, for emerging market economies (EMEs). It is argued that one of the key drivers of this global cycle is monetary policy in the U.S., which is...
Persistent link: https://www.econbiz.de/10011405101
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