There is little known about the effects of staggered-hours programs that affect workers' working schedules to mitigate peak congestion. We examine the effect of workers' morning start times on their wages for Germany. In contrast to previous work based on cross-section data, we demonstrate that...

This paper analyses two questions. First, how do otherwise similar people across four countries end up in fourdifferent employment states: 1) full-time with a regular contract, 2) part-time with a regular contract, 3) fixedterm contract full-time or part-time and 4) self-employed? Second, how do...

This paper provides an empirical description of the relationshipbetween the trading system operated by a stockexchange and the transaction costs faced by heterogeneous investors who use the exchange. Therecent introduction ofSETS in the London Stock Exchange provides an excellent opportunity...

We analyze the impact of unemployment benefits and minimum wagesusing an equilibrium search model which allows for dispersion ofbenefits and productivity levels, job-to-job transitions, andstructural and frictional unemployment. The estimation method usesreadily available aggregate data on...

In this paper we replace the Gaussian errors in the standard Gaussian, linear state space model with stochastic volatility processes. This is called a GSSF-SV model. We show that conventional MCMC algorithms for this type of model are ineffective, but that this problem can be removed by...

In this paper, we derive a structural model for commuting speed. We presumethat commuting speed is chosen to minimise commuting costs, which encompass bothmonetary and time costs. At faster speed levels, the monetary costs increase, but the timecosts fall. Using data from Great Britain, we...