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Persistence and cycles in US hours worked

Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2012

This paper analyses monthly hours worked in the US over the sample period 1939m1 - 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterised by autocorrelations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is...

Persistent link: https://www.econbiz.de/10009579224

Employment gowth, inflation and output growth: was Phillips right? : Evidence from a dynamic panel

Caporale, Guglielmo Maria; Škare, Marinko - 2011

In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119...

Persistent link: https://www.econbiz.de/10009487899

Testing unemployment theories : a multivariate long memory approach

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; Lovcha, … - 2013

This paper investigates the empirical relevance of different unemployment theories in three major economies, namely the UK, the US and Japan, by estimating the degree of dependence in the unemployment series. Both univariate and multivariate long memory methods are used. The results vary...

Persistent link: https://www.econbiz.de/10010221756

Short term living conditions and long term prospects of immigrant children in Germany

Frick, Joachim R.; Wagner, Gert G. - 2000

-Kindern. Angesichts der starken intergenerationalen Bildungskorrelation birgt das unterdurchschnittliche Bildungsniveau der in Deutschland …Der im Ausland geborene Teil der in Deutschland lebenden Bevölkerung besteht aus Ausländern und Aussiedlern, die aus … osteuropäischen Ländern nach Deutschland emigriert sind. Während die erste Gruppe mit Problemen konfrontiert ist, die aus dem typisch …

Persistent link: https://www.econbiz.de/10011433832

Testing for convergence in stock markets : a non-linear factor approach

Caporale, Guglielmo Maria; Erdogan, Burcu; Kuzin, Vladimir - 2009

This paper applies the Phillips and Sul (2007) method to test for convergence in stock returns to an extensive dataset including monthly stock price indices for five EU countries (Germany, France, the Netherlands, Ireland and the UK) as well as the US over the period 1973-2008. We carry out the...

Persistent link: https://www.econbiz.de/10003889148

Individual well-being in a dynamic perspective

D'Ambrosio, Conchita (contributor); … - 2007

This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with income. Making full use of the panel data nature of the German Socio-Economic Panel, we provide empirical evidence for well-being depending on absolute and on relative levels of...

Persistent link: https://www.econbiz.de/10003439993

Long memory in German energy price indices

Barros, Carlos Pestana; Caporale, Guglielmo Maria; … - 2012

This study examines the long-memory properties of German energy price indices (specifically, import and export prices, as well as producer and consumer prices) for hard coal, lignite, mineral oil and natural gas adopting a fractional integration modelling framework. The analysis is undertaken...

Persistent link: https://www.econbiz.de/10009580123

The personal distribution of income and imputed rent : a cross-national comparison for the UK, West Germany, and the USA

Frick, Joachim R.; Grabka, Markus M. - 2002

This article deals with income advantages derived from owner occupied housing (Imputed Rent, IR) and their impact on the personal income distribution. Following a brief description of different methods with which to calculate IR in household surveys, we conduct a cross-national comparative study...

Persistent link: https://www.econbiz.de/10011435844

Examining the gender wealth gap in Germany

Siermiska, Eva M. (contributor); … - 2008

Welfare-oriented analyses of economic outcome measures such as income and wealth generally rest on the assumption of pooled and equally shared resources among all household members. Yet the lack of individual-level data hampers the distribution of income and wealth within the household context....

Persistent link: https://www.econbiz.de/10003746589

Subjective well-being and relative deprivation : an empirical link

D'Ambrosio, Conchita (contributor); … - 2004 - [Elektronische Ressource]

This paper explores the relationship between two well-established concepts of measuring individual well-being: the concept of happiness, i.e. self-reported level of satisfaction with income and life, and relative deprivation/satisfaction, i.e. the gaps between the individual's income and the...

Persistent link: https://www.econbiz.de/10002390091