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"The double dividend of training" : labor market effects of work-related continuous education in Switzerland

Denzler, Stefan; Ruhose, Jens; Wolter, Stefan C. - 2022

market outcomes, we apply a regression-adjusted matched difference-in-differences approach with entropy balancing to account …

Persistent link: https://www.econbiz.de/10013414731

Modelling volatilities and conditional correlations in futures markets with a multivariate t distribution

Pesaran, Bahram (contributor); … - 2007

than by GARCH type volatility estimates. The t-DCC estimation procedure is applied to a portfolio of daily returns on …-DCC specification. The t-DCC model also passes a number of VaR diagnostic tests over an evaluation sample. The estimation results …

Persistent link: https://www.econbiz.de/10003586562

Real wages and the cycle : the view from the frequency domain

Hart, Robert A.; Malley, James R.; Woitek, Ulrich - 2001

In the time domain, the observed cyclical behavior of the real wage hides a range of economic influences that give rise to cycles of differing lengths and amplitudes. This may serve to produce a distorted picture of wage cyclicality. Here, we employ frequency domain methods that allow us...

Persistent link: https://www.econbiz.de/10011402810

Endogenous indoctrination : occupational choice, the evolution of beliefs, and the political economy of reform

Saint-Paul, Gilles - 2009

favourable to the market economy. Two parameters that govern this capacity to learn are social entropy and heritability. Social … entropy defines how predictable one's occupation is as a function of one's beliefs. Heritability is the weight of the family …'s beliefs in the determination of the priors of a new generation. Both heritability and social entropy reduce the bias and makes …

Persistent link: https://www.econbiz.de/10003902085

Inequality and the GB2 income distribution

Jenkins, Stephen (contributor) - 2007

The generalized entropy class of inequality indices is derived for Generalized Beta of the Second Kind (GB2) income …

Persistent link: https://www.econbiz.de/10003597779

Testing CAPM with a large number of assets

Pesaran, M. Hashem; Yamagata, Takashi - 2012

This paper is concerned with testing the time series implications of the capital asset pricing model (CAPM) due to Sharpe (1964) and Lintner (1965), when the number of securities, N, is large relative to the time dimension, T, of the return series. In the case of cross-sectionally correlated...

Persistent link: https://www.econbiz.de/10009535779

Identification of the timing-of-events model with multiple competing exit risks from single-spell data

Drepper, Bettina; Effraimidis, Georgios - 2015

This note describes how the (single-spell) identification result of the timing-of-events model by Abbring and Van den Berg (2003b) can be extended to a model that accommodates several competing exit risks. The extended model can be used for example to distinguish between the different effects of...

Persistent link: https://www.econbiz.de/10010479003

Predictability of asset returns and the efficient market hypothesis

Pesaran, M. Hashem - 2010

This paper is concerned with empirical and theoretical basis of the Efficient Market Hypothesis (EMH). The paper begins with an overview of the statistical properties of asset returns at different frequencies (daily, weekly and monthly), and considers the evidence on return predictability, risk...

Persistent link: https://www.econbiz.de/10003985756

Simultaneous search and network efficiency

Gautier, Pieter; Holzner, Christian - 2011

When workers send applications to vacancies they create a network. Frictions arise because workers typically do not know where other workers apply to and firms do not know which candidates other firms consider. The first coordination friction affects network formation, while the second...

Persistent link: https://www.econbiz.de/10009310818

Information characteristics and errors in expectations : experimental evidence

Antoniou, Constantinos; Harrison, Glenn W.; Igel Lau, Morten - 2015

We design an experiment to test the hypothesis that, in violation of Bayes Rule, some people respond more forcefully to the strength of information than to its weight. We provide incentives to motivate effort, use naturally occurring information, and control for risk attitude. We find that the...

Persistent link: https://www.econbiz.de/10011347344

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