Narrow search
Showing 1 - 10 of 2,361
Cover Image
Evolving wage cyclicality in Latin America
Gambetti, Luca; Messina, Julián - 2017
Examines the evolution of the cyclicality of real wages and employment in four Latin American economies: Brazil, Chile … characterized by high inflation. As inflation declined wages became less pro-cyclical, a feature that is consistent with emerging … downward wage rigidities in a low inflation environment. Compositional effects associated with changes in labor participation …
Persistent link: https://www.econbiz.de/10011636567
Cover Image
On identification of Bayesian DSGE models
Koop, Gary; Pesaran, M. Hashem; Smith, Ron - 2011
In recent years there has been increasing concern about the identification of parameters in dynamic stochastic general equilibrium (DSGE) models. Given the structure of DSGE models it may be difficult to determine whether a parameter is identified. For the researcher using Bayesian methods, a...
Persistent link: https://www.econbiz.de/10009238657
Cover Image
Bayesian exploratory factor analysis
Conti, Gabriella; Frühwirth-Schnatter, Sylvia; … - 2014
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
Cover Image
The quantity and quality of children : a semi-parametric Bayesian IV approach
Frühwirth-Schnatter, Sylvia; Halla, Martin; Posekany, … - 2014
Prior empirical research on the theoretically proposed interaction between the quantity and the quality of children builds on exogenous variation in family size due to twin births and focuses on human capital outcomes. The typical finding can be described as a statistically nonsignificant...
Persistent link: https://www.econbiz.de/10010257598
Cover Image
Residential choices of young Americans
Patacchini, Eleonora; Arduini, Tiziano - 2016
Using detailed data on a cohort of young Americans who were in their late twenties and early thirties in 2008, we investigate the importance of forces different from economic incentives in nest-leaving decisions. We apply recent methods from social network econometrics to identify the importance...
Persistent link: https://www.econbiz.de/10011531870
Cover Image
Bayesian inference for duration data with unobserved and unknown heterogeneity : Monte Carlo evidence and an application
Paserman, Marco Daniele (contributor) - 2004 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001896054
Cover Image
Couples' time-use and aggregate labor market outcomes
Balleer, Almut; Merz, Monika; Papp, Tamás K. - 2021
We present a model of the time-allocation decision of spouses in order to study the role of heterogeneity in preferences and wages for couples' labor supply. Spouses differ in their tastes for market consumption and non-market goods and activities, and also in their offered or earned wages. They...
Persistent link: https://www.econbiz.de/10012550274
Cover Image
Bayesian procedures as a numerical tool for the estimation of dynamic discrete choice models
Haan, Peter; Kemptner, Daniel; Uhlendorff, Arne - 2012
assumptions which are consistent with economic theory, e.g. log-normally distributed consumption preferences, the Bayesian method …
Persistent link: https://www.econbiz.de/10009537623
Cover Image
Reverse Bayesianism: revising beliefs in light of unforeseen events
Becker, Christoph; Melkonyan, Tigran A.; Proto, Eugenio; … - 2020
Bayesian Updating is the dominant theory of learning in economics. The theory is silent about how individuals react to …
Persistent link: https://www.econbiz.de/10012306040
Cover Image
Behavioral welfare economics and risk preferences: a Bayesian approach
Gao, Xiaoxue Sherry; Harrison, Glenn W.; Tchernis, Rusty - 2020
We propose the use of Bayesian estimation of risk preferences of individuals for applications of behavioral welfare economics to evaluate observed choices that involve risk. Bayesian estimation provides more systematic control of the use of informative priors over inferences about risk...
Persistent link: https://www.econbiz.de/10012263314