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Formal Education, Mismatch and Wages after Transition : Assessing the Impact of Unobserved Heterogeneity Using Matching Estimators

Lamo, Ana - 2010

importantly regarding departures from the exogeneity assumptions inherent in the matching estimators used in our analysis …

Persistent link: https://www.econbiz.de/10013142408

Financial Indicators Signalling Correlation Changes in Sovereign Bond Markets

De Santis, Roberto A. - 2014

August 2007 and has been signalling an improvement of the situation already in the autumn of 2012. An out-of-sample forecast …

Persistent link: https://www.econbiz.de/10013043737

Bubble Thy Neighbor : Portfolio Effects and Externalities from Capital Controls

Forbes, Kristin J. - 2012

externalities from capital controls on investor portfolios. The analysis is structured based on information from investor interviews …. Much of the effect of capital controls on portfolio flows appears to occur through signalling - i.e. changes in investor …

Persistent link: https://www.econbiz.de/10013103299

Is There a Signalling Role for Public Wages? Evidence for the Euro Area Based on Macro Data

Pérez, Javier J. - 2010

setting? This paper tries to isolate the pure signalling effect that one sector might exert on the other by controlling for … and Spain) and the periods 1980-2007 and 1991-2007. It exploits available quarterly information not yet used in the … (signalling effect). There is strong evidence of public wages' leadership, either in conjunction with bi-directional links from …

Persistent link: https://www.econbiz.de/10013149406

Market Pricing of Credit Rating Signals

Grothe, Magdalena - 2014

This paper contributes new evidence on market pricing of rating changes. We examine the relation between spreads and ratings for a very large and comprehensive sample of corporate bonds, which allows us to test for country- and industry-specific effects, as well as to explore the differences...

Persistent link: https://www.econbiz.de/10013061797

Unraveling the Skill Premium

McAdam, Peter - 2015

For the US the supply and wages of skilled labor relative to those of unskilled labor have grown over the postwar period. The literature has tended to explain this through “skill-biased technical change”. Empirical work has concentrated around two variants: (1) Capital-skill complementarity,...

Persistent link: https://www.econbiz.de/10013020659

Has US Household Deleveraging Ended? A Model-Based Estimate of Equilibrium Debt

Albuquerque, Bruno - 2014

The balance sheet adjustment in the household sector was a prominent feature of the Great Recession that is widely believed to have held back the cyclical recovery of the US economy. A key question for the US outlook is therefore whether household deleveraging has ended or whether further...

Persistent link: https://www.econbiz.de/10013058652

On-the-job search and the cyclical dynamics of the labor market

Krause, Michael U.; Lubik, Thomas A. - 2007

We show how on-the-job search and the propagation of shocks to the economy are intricately linked. Rising search by employed workers in a boom amplifies the incentives of firms to post vacancies. In turn, more vacancies increases job search. By keeping job creation costs low for firms,...

Persistent link: https://www.econbiz.de/10011604825

Part-time work in EU countries: labour market mobility, entry and exit

Buddelmeyer, Hielke; Mourre, Gilles; Ward-Warmedinger, … - 2005

This paper looks at the role of part-time work in labour mobility for 11 European countries. We find some evidence of part-time work being used as a stepping stone into full-time employment, but for a small proportion of individuals (less than 5%). Part-time jobs are also found to be more...

Persistent link: https://www.econbiz.de/10011604506

Labor supply after transition: evidence from the Czech Republic

Bičáková, Alena; Slacalek, Jiri; Slavík, Michal - 2008

We extend the scarce evidence on labor supply in post-transition countries by estimating the wage elasticity of labor force participation in the Czech Republic. Using the household income survey data of 2002, we find that a one-percent rise in the gross wage increases the probability of working...

Persistent link: https://www.econbiz.de/10011604933