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Rationalizing rational expectations? : tests and deviations

D'Haultfœuille, Xavier; Gaillac, Christophe; Maurel, Arnaud - 2018

In this paper, we build a new test of rational expectations based on the marginal distributions of realizations and subjective beliefs. This test is widely applicable, including in the common situation where realizations and beliefs are observed in two different datasets that cannot be matched....

Persistent link: https://www.econbiz.de/10011951089

Individual rationality and learning : welfare expectations in East Germany post-reunification

Frijters, Paul; Haisken-DeNew, John P.; Shields, Michael - 2002

In this paper we test the Rational Expectations hypothesis using longitudinal data on expectations and realizations of individual welfare for East Germans in the years following reunification. German reunification was unexpected and delivered a large shock to the future prospects of the...

Persistent link: https://www.econbiz.de/10011411452

Poverty trends in Turkey

Şeker, Sirma Demir; Jenkins, Stephen - 2013

This paper provides new evidence about poverty trends in Turkey between 2003 and 2011 and the factors accounting for …

Persistent link: https://www.econbiz.de/10010227728

Rational expectations and the puzzling no-effect of the minimum wage

Pinoli, Sara - 2010

This paper argues that expectations are an important element that needs to be included into the analysis of the effects of the minimum wage on employment. We show in a standard matching model that the observed employment effect is higher the lower is the likelihood associated with the minimum...

Persistent link: https://www.econbiz.de/10003962625

Biased survival expectations and behaviours: does domain specific information matter?

Costa-Font, Joan; Vilaplana Prieto, Cristina - 2021

We study biased survival expectations across two domains and examine whether such biased expectations influence health and financial behaviors. Combining individual-level longitudinal data, retrospective, and end of life data from several European countries for more than a decade, we estimate...

Persistent link: https://www.econbiz.de/10012703131

Output-employment relationship across sectors : a long- versus short-run perspective

Şahin, Afşin; Tansel, Aysıt; Berument, Hakan - 2013

This paper investigates the nature of the output-employment relationship by using the Turkish quarterly data for the period 1988-2008. Even if we fail to find a long-run relationship between aggregate output and total employment, there are long-run relationships for the aggregate output with...

Persistent link: https://www.econbiz.de/10010125833

Economic performance and unemployment : evidence from an emerging economy - Turkey

Berument, Hakan (contributor); Dogan, Nukhet (contributor); … - 2005

and the unemployment rate by different levels of education in Turkey. These effects are assessed for total, male and …

Persistent link: https://www.econbiz.de/10002851973

Size and development of the shadow economies of 157 countries worldwide : updated and new measures from 1999 to 2013

Hassan, Mai; Schneider, Friedrich - 2016

This paper is a first attempt to study the size and development of the shadow economies of 157 countries over 1999 to 2013. Using a MIMIC model, we find that higher tax and regulatory burden, unemployment and self-employment rates are drivers of the shadow economy, meaning that an increase of...

Persistent link: https://www.econbiz.de/10011571848

Trade openness and the demand for skills : evidence from Turkish microdata

Meschi, Elena (contributor); Taymaz, Erol (contributor); … - 2008

In this paper we report evidence on the relationship between trade openness, technology adoption and relative demand for skilled labour in the Turkish manufacturing sector, using firm-level data over the period 1980-2001. In a dynamic panel data setting using a unique database of 17,462 firms,...

Persistent link: https://www.econbiz.de/10003793284

Labor mobility across the formal/informal divide in Turkey : evidence from individual level data

Tansel, Aysıt; Öznur Kan, Elif - 2012

theoretical and empirical research. Turkey, given its economic and demographic dynamics, provides rich evidence for a growing …, heterogeneous and multifaceted informal labor market. However, the existing evidence on labor informality in Turkey is mixed and … ; Markov processes ; multinomial logit ; Turkey …

Persistent link: https://www.econbiz.de/10009529580

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