Showing 1 - 10 of 3,373
uncertainty ; wage shocks ; risk sharing ; wage insurance …
Persistent link: https://www.econbiz.de/10003212064
from the employment registry of a transition economy (Poland), encompassing nine years of monthly data (from 2000 to 2008 … ; panel data ; Poland …
Persistent link: https://www.econbiz.de/10009680699
Investing in human capital increases lifetime income, but these investments may involve substantial risk. In this paper … vocational high school. Accounting for risk does little to change this picture. By contrast, vocational high school is associated …
Persistent link: https://www.econbiz.de/10010221567
This paper compares various forecasts using panel data with spatial error correlation. The true data generating process is assumed to be a simple error component regression model with spatial remainder disturbances of the autoregressive or moving average type. The best linear unbiased predictor...
Persistent link: https://www.econbiz.de/10003858869
households reduce their financial risk exposure when confronted with background risk. Our novel modelling approach - termed a … risk, and is unique in recovering for, any given risky asset class, the shares that are reallocated to a safer asset … category. Background risk exerts a significant impact on household portfolios, resulting in a 'flight from risk', away from …
Persistent link: https://www.econbiz.de/10011594575
In the literature technical change is mostly assumed to be exogenous and specified as a function of time. However, some exogenous external factors other than time can also affect technical change. In this paper we model technical change via time trend (purely external non-economic) as well as...
Persistent link: https://www.econbiz.de/10003941555
The effectiveness of public funds in increasing public employment has long been a question on public and labor economists' minds. In most federal countries local governments employ large fractions of the working population, meaning that a tool for stimulating local public employment can...
Persistent link: https://www.econbiz.de/10009006942
While it is well established that both promotions within firms and mobility across firms lead to significant earnings progression, little is known about the interaction between these types of mobility. Exploiting a large Danish panel data set and controlling for unobserved individual...
Persistent link: https://www.econbiz.de/10009007002
discrete-time duration analysis and estimate a competing-risk model for assessing to which extent, and for whom, starting a …
Persistent link: https://www.econbiz.de/10009570171
We propose using sign restrictions to identify regional labor demand shocks in a panel VAR of US federal states. Observed migration responds significantly, but less persistently than the residual-based migration measure constructed by Blanchard and Katz (1992). -- regional labor markets ;...
Persistent link: https://www.econbiz.de/10009575122