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Marriage, divorce and interstate risk sharing
Halla, Martin (contributor); Scharler, Johann (contributor) - 2008
In this paper we study the importance of marriage for interstate risk sharing. We find that US states in which married … just improve the allocation of risk at the individual level, but also have implications for the allocation of risk at the … more aggregated state-level. Quantitatively, the impact of marriage on interstate risk sharing varies over divorce regimes …
Persistent link: https://www.econbiz.de/10003760281
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The provision of wage insurance by the firm : evidence from a longitudinal matched employer-employee dataset
Cardoso, Ana Rute (contributor); Portela, Miguel (contributor) - 2005
uncertainty ; wage shocks ; risk sharing ; wage insurance …
Persistent link: https://www.econbiz.de/10003212064
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Heterogeneous life-cycle profiles, income risk and consumption inequality
Primiceri, Giorgio E. (contributor);  … - 2007
heterogeneous income profiles. -- Consumption ; inequality ; risk ; incomplete markets ; heterogeneity …
Persistent link: https://www.econbiz.de/10003656884
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Transmission of US and EU economic policy uncertainty shock to Asian economies in bad and good times
Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2020
This study empirically examines the fragility of five major Asian economies (China, Hong Kong, India, Japan, and South Korea) to economic policy uncertainty (EPU) of US and EU, and oil prices in different state of the economies. To investigate these dynamics, we use the relative tail dependence...
Persistent link: https://www.econbiz.de/10012226632
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Financial markets, banks' cost of funding, and firms' decisions : lessons from two crises
Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - 2013
exploit two shocks to Italian bank CDS spreads and equity valuations: the 2007-2009 financial crisis and the 2010 …
Persistent link: https://www.econbiz.de/10010229932
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The cyclical volatility of labor markets under frictional financial markets
Petrosky-Nadeau, Nicolas; Wasmer, Etienne - 2010
Financial frictions are known to raise the volatility of economies to shocks (e.g. Bernanke and Gertler 1989). We follow this line of research to the labor literature concerned by the volatility of labor market outcomes to productivity shocks initiated by Shimer (2005): in an economy with search...
Persistent link: https://www.econbiz.de/10008810695
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Provincial trade, financial friction and misallocation in China
Kwon, Ohyun; Fleisher, Belton M.; McGuire, William; … - 2020
We study the implications of financial-market imperfections on labor and capital misallocation in China. Financial friction stems from private sectors' credit constraints that limit the efficient use of capital relative to state firms. Our model can jointly explain labor flows out of and capital...
Persistent link: https://www.econbiz.de/10012194241
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The changing size distribution of US trade unions and its description by Pareto's distribution
Pencavel, John H. - 2013
The size distribution of trade unions in the United States and changes in this distribution are documented. Because the most profound changes are taking place among very large unions, these are subject to special analysis by invoking Pareto's distribution. This represents a new application of...
Persistent link: https://www.econbiz.de/10009717085
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The size distribution across all "cities" : a unifying approach
Giesen, Kristian; Südekum, Jens - 2012
In this paper we show that the double Pareto lognormal (DPLN) parameterization provides an excellent fit to the overall US city size distribution, regardless of whether "cities" are administratively defined Census places or economically defined area clusters. We then consider an economic model...
Persistent link: https://www.econbiz.de/10009530672
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Misspecification testing in a class of conditional distributional models
Rothe, Christoph; Wied, Dominik - 2012
We propose a specification test for a wide range of parametric models for the conditional distribution function of an outcome variable given a vector of covariates. The test is based on the Cramer-von Mises distance between an unrestricted estimate of the joint distribution function of the data,...
Persistent link: https://www.econbiz.de/10009531435