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Identification and Decompositions in Probit and Logit Models
Choe, Chung - 2017
Probit and logit models typically require a normalization on the error variance for model identification. This paper shows that in the context of sample mean probability decompositions, error variance normalizations preclude estimation of the effects of group differences in the latent variable...
Persistent link: https://www.econbiz.de/10012963841
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Neighbourhood Selection of Non-Western Ethnic Minorities : Testing the Own-Group Preference Hypothesis Using a Conditional Logit Model
Boschman, Sanne - 2013
The selective inflow and outflow of residents by ethnicity is the main mechanism behind ethnic residential segregation. Many studies have found that ethnic minorities are more likely than others to move to ethnic minority concentration neighbourhoods. An important question which remains largely...
Persistent link: https://www.econbiz.de/10013077318
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Layoffs as Part of an Optimal Incentive Mix : Theory and Evidence
Frederiksen, Anders; Takáts, Előd - 2021
Firms offer highly complex contracts to their employees. These contracts contain a mix of incentives, such as fixed wages, bonus payments, promotion options, and layoff threats. In general, economists understand how incentives motivate employees but not why a particular mix should be used. In...
Persistent link: https://www.econbiz.de/10013317331
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Subjective Well-Being, Income, Economic Development and Growth
Sacks, Daniel W. - 2011
We explore the relationships between subjective well-being and income, as seen across individuals within a given … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same … whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well …
Persistent link: https://www.econbiz.de/10013132818
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The New Stylized Facts About Income and Subjective Well-Being
Sacks, Daniel W. - 2013
their lives. Much of the early research concluded that the role of income in determining well-being was limited, and that … only income relative to others was related to well-being.In this paper, we review the evidence to assess the importance of … absolute and relative income in determining well-being. Our research suggests that absolute income plays a major role in …
Persistent link: https://www.econbiz.de/10013088664
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Economic Growth and Pollutant Emissions : New Panel Evidence from the Union for the Mediterranean Countries
Ben Abdeljelil, Mouna; Rault, Christophe; Bélaïd, Fateh - 2023
This paper investigates the existence of an environmental Kuznets curve (EKC) and its robustness for 28 countries of the Union for the Mediterranean (UfM) over the recent period. Our methodology relies on four recent estimation methods for non-stationary panel data and includes four pollutants...
Persistent link: https://www.econbiz.de/10014263927
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Labor Supply and Consumption Smoothing When Income Shocks are Non-Insurable
Danzer, Alexander M. - 2011
The paper investigates how employees use secondary employment to smooth out consumption shortfalls from non-anticipated wage shocks in their main employment. The identification strategy exploits surprising changes in firms' wage payment and repayment behavior in Ukraine. Based on unique...
Persistent link: https://www.econbiz.de/10013129923
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Is Earnings Nonresponse Ignorable?
Bollinger, Christopher R. - 2010
Earnings nonresponse in the Current Population Survey is roughly 30% in the monthly surveys and 20% in the annual March survey. Even if nonresponse is random, severe bias attaches to wage equation coefficient estimates on attributes not matched in the earnings imputation hot deck. If nonresponse...
Persistent link: https://www.econbiz.de/10013135391
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Within- and Cross-Firm Mobility and Earnings Growth
Frederiksen, Anders - 2010
While it is well established that both promotions within firms and mobility across firms lead to significant earnings progression, little is known about the interaction between these types of mobility. Exploiting a large Danish panel data set and controlling for unobserved individual...
Persistent link: https://www.econbiz.de/10013138485
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Optimal Price Indices for Targeting Inflation Under Incomplete Markets
Anand, Rahul - 2010
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...
Persistent link: https://www.econbiz.de/10013139035