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This paper describes a moments estimator for a standard state-space model with coefficients generated by a random walk. A penalized least squares estimation is linked to the GLS (Aitken) estimates of the corresponding linear model with time-invariant parameters. The VC estimates are moments...
Persistent link: https://www.econbiz.de/10012161405
This letter adds to the literature on the importance of telework experience in employee evaluation by leveraging the telework experience accumulated during the COVID-19 crisis. We conducted a follow-up survey on the evaluation of telework exactly three years after our initial data collection in...
Persistent link: https://www.econbiz.de/10014507864
The need for efficient coordination is ubiquitous in organizations and industries. The literature on the determinants of efficient coordination has focused on individual decision-making so far. In reality, however, teams often have to coordinate with other teams. We present an experiment with...
Persistent link: https://www.econbiz.de/10003760231
This paper discusses the claim made in Altonji and Pierret (1997) and Lange (2005) that a high speed of employer learning indicates a low value of job market signaling. The claim is first discussed intuitively in light of Spence’s original model and then evaluated in a simple extension of a...
Persistent link: https://www.econbiz.de/10003469479
"A critical period for language learning is often defined as a sharp decline in learning outcomes with age. This study examines the relevance of the critical period to English proficiency among immigrants in the US. It uses microdata from the 2000 US Census, a model of language acquisition from...
Persistent link: https://www.econbiz.de/10003446801
themselves evolve heterogeneously. In this paper, we seek to disentangle these two models and place magnitudes on their relative … importance. We derive a dynamic model of learning and productivity that nests both models and allows them to coexist. We estimate … models are important in explaining the data. However, the predominant effect is that worker productivity evolves …
Persistent link: https://www.econbiz.de/10008689037
We construct and estimate by maximum likelihood an equilibrium search model where wages are set by Nash bargaining and idiosyncratic productivity follows a geometric Brownian motion. The proposed framework enables us to endogenize job destruction and to estimate the rate of learning-by-doing....
Persistent link: https://www.econbiz.de/10003592014
Within-country differences in educational outcomes are compared for a large group of industrialised countries. We investigate where inequality is greatest, the association between inequality in learning and average levels of learning, the interpretation of measured levels of inequality, and...
Persistent link: https://www.econbiz.de/10003523160
We ask whether the role of employer learning in the wage-setting process depends on skill type and skill importance to productivity. Combining data from the NLSY79 with O*NET data, we use Armed Services Vocational Aptitude Battery scores to measure seven distinct types of pre-market skills that...
Persistent link: https://www.econbiz.de/10009548883
In this paper, we estimate tenure-performance profiles using unique panel data that contain detailed information on individual workers' performance. We find that a 10 per cent increase in tenure leads to an increase in performance of 5.5 per cent of a standard deviation. This translates to an...
Persistent link: https://www.econbiz.de/10009522494