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Schooling, family background, and adoption : is it nature or is it nurture?

Plug, Erik J. S.; Vijverberg, Wim P. M. - 2001

When parents are more educated, their children tend to receive more schooling as well. Does this occur because parental ability is passed on genetically or because more educated parents provide a better environment for children to flourish? Using an intergenerational sample of families, we...

Persistent link: https://www.econbiz.de/10011339672

Time limits : the effects on welfare use and other consumption-smoothing mechanisms

Mazzolari, Francesca; Ragusa, Giuseppe - 2012

We use data from the Survey of Income and Program Participation covering the period 1989-2006 to investigate the impact that time limits on receipt of Temporary Assistance for Needy Families have on female-headed family outcomes, including welfare use, employment and living arrangements. The...

Persistent link: https://www.econbiz.de/10009665634

Minimum wage channels of adjustment

Hirsch, Barry T.; Kaufman, Bruce E.; Zelenska, Tetyana - 2011

precisely measure the MW compliance cost for each restaurant. We examine a broad range of adjustment channels in addition to … three years. Cost increases were instead absorbed through other channels of adjustment, including higher prices, lower …

Persistent link: https://www.econbiz.de/10009521219

Do wages really compensate for risk aversion and skewness affection?

Hartog, Joop; Vijverberg, Wim P. M. - 2002

Utility theory suggests that foreseeable risk should increase the compensation for work. This paper expands on this notion: on basis of utility theory, people should care not only about risk but also about the skewness in the distribution of the compensation paid. In particular, because the...

Persistent link: https://www.econbiz.de/10011405939

The impact of household capital income on income inequality : a factor decomposition analysis for Great Britain, Germany and the USA

Fräßdorf, Anna (contributor); … - 2008

SOEP for West Germany, and the PSID for the USA, a factor decomposition method described by Shorrocks (1982) is applied … contribution to overall inequality in relation to its share in disposable income. This applies to Germany and the USA in particular …

Persistent link: https://www.econbiz.de/10003716531

What do unions do to pension performance?

Even, William E.; Macpherson, David A. - 2010

This study argues that the promotion of union goals could have positive, negative, or neutral effects on risk adjusted return performance. Moreover, the union's ability and incentive to use pension assets to promote union goals will vary with the design of the pension. Using panel data on over...

Persistent link: https://www.econbiz.de/10009153570

Less myth, more measurement : decomposing excess returns from the 1989 minimum wage hike

Lin, Carl - 2012

In the book Myth and Measurement, Card and Krueger (1995) examine the economic impact of the 1989 minimum wage hike on the welfare of 110 firms which employ a disproportionate number of minimum-wage workers. Their results show mixed evidence that excess returns associated with news about the...

Persistent link: https://www.econbiz.de/10009528836

Testing CAPM with a large number of assets

Pesaran, M. Hashem; Yamagata, Takashi - 2012

This paper is concerned with testing the time series implications of the capital asset pricing model (CAPM) due to Sharpe (1964) and Lintner (1965), when the number of securities, N, is large relative to the time dimension, T, of the return series. In the case of cross-sectionally correlated...

Persistent link: https://www.econbiz.de/10009535779

Have you heard the news? : how real-life expectations react to publicity

Wiel, Karen van der - 2009

As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...

Persistent link: https://www.econbiz.de/10003824962

How fast do wages adjust to human-capital productivity? : dynamic panel-data evidence from Belgium, Denmark and Finland

Andini, Corrado - 2009

the Mincer equation where no equality is imposed but an adjustment between observed and potential earnings is allowed to … dynamic panel-data wage equation and provide measures of the speed of adjustment in Belgium, Denmark and Finland. Further, we …-bargaining model and argue that a micro-founded model can fit the data better than a simple adjustment model but requires more …

Persistent link: https://www.econbiz.de/10003920226

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