Showing 1 - 10 of 86
We propose a Bayesian factor analysis model to rank the health of localities. Mortality and morbidity variables empirically contribute to the resulting rank, and population and spatial correlation are incorporated into a measure of uncertainty. We use county-level data from Texas and Wisconsin...
Persistent link: https://www.econbiz.de/10010194755
, profitability, and owner aspirations - all linked to annual firm-level employment data since the firm hired its first employee …
Persistent link: https://www.econbiz.de/10015144123
unions are remarkable: unions in the workplace significantly improve productivity but reduce enterprise profitability …
Persistent link: https://www.econbiz.de/10010229934
In the 2008 Socio-Economic Panel Study (SOEP) Pretest, the factorial survey method was tested for the first time for use in the SOEP longitudinal study. In this paper, we describe the construction and application of the vignette module, which has its origins in the field of justice research and...
Persistent link: https://www.econbiz.de/10003932138
This paper formulates and estimates multistage production functions for children's cognitive and noncognitive skills. Skills are determined by parental environments and investments at different stages of childhood. We estimate the elasticity of substitution between investments in one period and...
Persistent link: https://www.econbiz.de/10003934523
Talented individuals are seen as drivers of long-term growth, but how do they realize their full potential? In this …
Persistent link: https://www.econbiz.de/10010364493
This paper develops and applies a Bayesian approach to Exploratory Factor Analysis that improves on ad hoc classical approaches. Our framework relies on dedicated factor models and simultaneously determines the number of factors, the allocation of each measurement to a unique factor, and the...
Persistent link: https://www.econbiz.de/10010386488
The presence of cross-sectionally correlated error terms invalidates much inferential theory of panel data models. Recently work by Pesaran (2006) has suggested a method which makes use of cross-sectional averages to provide valid inference for stationary panel regressions with multifactor error...
Persistent link: https://www.econbiz.de/10003355571
Taking as our point of departure a model proposed by David Card (2001), we suggest new methods for analyzing wage dispersion in a partially unionized labor market. Card's method disaggregates the labor population into skill categories, which procedure entails some loss of information....
Persistent link: https://www.econbiz.de/10003859360
documented by Monte Carlo experiments. An empirical application to modelling of real GDP growth and investment-output ratios … dominant effects are found. The results also suggest that increase in investment as a share of GDP predict higher growth rate … cross section dependence ; VAR ; global VAR ; factor models ; capital accumulation ; growth …
Persistent link: https://www.econbiz.de/10003646695