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The widening of the working hour distribution complicates the coordination of social leisure. This paper examines the short- and long-run impact of unusual working schedules on social life using German Time Use Data for 2001/02. I find evidence that younger workers with higher than median...
Persistent link: https://www.econbiz.de/10009125556
local labor markets in Germany between 1979 and 2007. In order to directly relate technological change to subsequent … polarization in Germany in the sense that employment growth deteriorates at the middle of the skill distribution relative to the …
Persistent link: https://www.econbiz.de/10009487320
and long run, as well as in East and West Germany. Wage returns to the changes of task porfolios for the occupational …
Persistent link: https://www.econbiz.de/10009379544
Persistent link: https://www.econbiz.de/10001426921
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for Germany is derived through a stochastic population renewal process using forecasts of mortality, fertility and …
Persistent link: https://www.econbiz.de/10003814452
In this paper, we review the most common specifications of discrete-time stochastic volatility (SV) models and illustrate the major principles of corresponding Markov Chain Monte Carlo (MCMC) based statistical inference. We provide a hands-on ap proach which is easily implemented in empirical...
Persistent link: https://www.econbiz.de/10003770817
Weather influences our daily lives and choices and has an enormous impact on cooperate revenues and earnings. Weather derivatives differ from most derivatives in that the underlying weather cannot be traded and their market is relatively illiquid. The weather derivative market is therefore...
Persistent link: https://www.econbiz.de/10003796146
dependencies between multivariate random variables. The estimation procedure is applied to weather data in Germany. Our results …
Persistent link: https://www.econbiz.de/10003796148
This paper examines the structure and evolution of consumption and consumption growth inequality. Once heterogeneous agents relate their neighbors' consumption to their own, consumption volatility and inequality are affected. The relationship predicted between the group average consumption...
Persistent link: https://www.econbiz.de/10003850730