Narrow search
Showing 1 - 10 of 330
Cover Image
Interpreting prediction market prices as probabilities
Wolfers, Justin (contributor); Zitzewitz, Eric (contributor) - 2006
While most empirical analysis of prediction markets treats prices of binary options as predictions of the probability of future events, Manski (2004) has recently argued that there is little existing theory supporting this practice. We provide relevant analytic foundations, describing sufficient...
Persistent link: https://www.econbiz.de/10003310964
Cover Image
Economic surplus and derived demand
Schlicht, Ekkehart (contributor) - 2006
Most demand -- especially labor demand -- is derived from the demand for some other product. This note demonstrates that the usual analysis of economic rent, as typically explained for the case of consumers' surplus, carries over to the case of derived demand. -- derived demand ; indirect demand...
Persistent link: https://www.econbiz.de/10003333109
Cover Image
Prediction markets in theory and practice
Wolfers, Justin (contributor); Zitzewitz, Eric (contributor) - 2006
Prediction Markets, sometimes referred to as "information markets", "idea futures" or "event futures", are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes...
Persistent link: https://www.econbiz.de/10003289880
Cover Image
Macroeconomic derivatives : an initial analysis of market-based macro forecasts, uncertainty and risk
Gürkaynak, Refet S. (contributor);  … - 2005
In September 2002, a new market in "Economic Derivatives" was launched allowing traders to take positions on future values of several macroeconomic data releases. We provide an initial analysis of the prices of these options. We find that market-based measures of expectations are similar to...
Persistent link: https://www.econbiz.de/10003227221
Cover Image
Do migrants get good jobs in Australia? : the role of ethnic networks in job search
Mahuteau, Stéphane (contributor);  … - 2008
We study the role of ethnic networks in migrants' job search and the quality of jobs they find in the first years of settlement. We find that there are initial downward movements along the occupational ladder, followed by improvements. As a result of restrictions in welfare eligibility since...
Persistent link: https://www.econbiz.de/10003716528
Cover Image
The effects of health and health shocks on hours worked
Cai, Lixin (contributor); Mavromaras, Kostas G. (contributor) - 2008
We investigate the impact of health on working hours in recognition of the fact that leaving the labour market due to persistently low levels of health stock or due to new health shocks, is only one of the possibilities open to employees. We use the first six waves of the HILDA survey to...
Persistent link: https://www.econbiz.de/10003716534
Cover Image
Occupational segregation and the gender wage gap in private- and public-sector employment : a distributional analysis
Barón, Juan D. (contributor);  … - 2008
distributions in Australia. We are particularly interested in the role of gender segregation within sector-specific occupations in …
Persistent link: https://www.econbiz.de/10003726799
Cover Image
The "negative" assimilation of immigrants : a special case
Chiswick, Barry R. (contributor);  … - 2008
countries (i.e., the UK, Ireland, Canada and Australia/New Zealand) to the United States. Comparisons with the native born are …
Persistent link: https://www.econbiz.de/10003726800
Cover Image
Selection criteria and the skill composition of immigrants : a comparative analysis of Australian and US employment immigration
Jasso, Guillermina (contributor);  … - 2008
This paper uses survey data on employment immigrants in Australia and the United States to identify the main …. (4) Within a sending country, Australia attracts less total but higher-skill migrants than does the United States. This … can be attributed, however, to the fact that the skill price in Australia is lower than the U.S. skill price, so that …
Persistent link: https://www.econbiz.de/10003726801
Cover Image
The economics of language : an introduction and overview
Chiswick, Barry R. (contributor) - 2008
and native-born bilinguals. The empirical testing for the US, Canada, Australia, Israel and Bolivia is supportive of the …
Persistent link: https://www.econbiz.de/10003729415