Showing 1 - 10 of 35
prediction errors that are at least partly driven by unforeseen adaptation. …
Persistent link: https://www.econbiz.de/10011308432
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
We consider the link between poverty and subjective well-being, and focus in particular on potential adaptation to … of adaptation within a poverty spell: poverty starts bad and stays bad in terms of subjective well-being. We cannot … identify any cause of poverty entry which explains the overall lack of poverty adaptation. …
Persistent link: https://www.econbiz.de/10010440553
This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...
Persistent link: https://www.econbiz.de/10010440555
We develop a unifying approach to estimating climate impacts and adaptation, and apply it to study the impact of … identify both the short- and long-run impacts on economic outcomes, and measure adaptation directly as the difference between … those responses. As a result, we identify adaptation without making extrapolations of weather responses over time or space …
Persistent link: https://www.econbiz.de/10012227842
This paper examines the pattern of employment adjustment in Portugal. First, the issue is addressed using a long time series of aggregate data. Although the employment data show persistence, there is nonetheless a fairly rapid rate of employment adjustment. Second, a much shorter time series of...
Persistent link: https://www.econbiz.de/10011404159
Persistent link: https://www.econbiz.de/10001978459
real-life expectations formation process. For this purpose, an exceptional Dutch dataset on monthly expectations regarding …
Persistent link: https://www.econbiz.de/10003824962
The standard human-capital model is based on the assumption that the observed wage of an individual is equal to the monetary value of the individual net human-capital productivity, the so-called net potential wage. We argue that this assumption is rejected by the ECHP data for Belgium, Denmark...
Persistent link: https://www.econbiz.de/10003920226
employees, the performance of the organisation, and the climate of industrial relations are included as factors of interest. The …
Persistent link: https://www.econbiz.de/10009422458