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Unemployment or Overeducation : Which is a Worse Signal to Employers?

Baert, Stijn - 2014

This study aims at estimating the stigma effect of unemployment and overeducation within one framework. To this end, we conduct a field experiment in the Belgian labour market. We send out trios of fictitious male job applications to real vacancies. These applications differ only by the labour...

Persistent link: https://www.econbiz.de/10013050630

Labour Market Signalling and Unemployment Duration : An Empirical Analysis Using Employer-Employee Data

Frederiksen, Anders - 2006

This paper tests the signalling hypothesis using detailed flow-based employer-employee data from Denmark. The primary … plausible estimates of the signalling effect. It is established that the positive ability signal of being displaced due to a … previously been ignored in the empirical analysis of the signalling hypothesis such as local labour market conditions, the sector …

Persistent link: https://www.econbiz.de/10012780037

Trust and the Choice between Housing and Financial Assets : Evidence from Spanish Households

El-Attar, Mayssun - 2010

Trusting behavior has been shown to affect households' portfolio choice between risky and risk-free financial assets. We extend the analysis of the effect of trust on portfolio choice to include the dominant component of households' portfolios, real estate. In a simple model, we show how the...

Persistent link: https://www.econbiz.de/10013136779

Efficient Probit Estimation with Partially Missing Covariates

Conniffe, Denis - 2009

A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...

Persistent link: https://www.econbiz.de/10012764225

Forecasting Errors : Yet More Problems for Identification?

Contini, Bruno - 2009

Forecasting errors pose a serious problem of identification, often neglected in empirical applications. Any attempt of estimating choice models under uncertainty may lead to severely biased results in the presence of forecasting errors even when individual expectations on future events are...

Persistent link: https://www.econbiz.de/10012764650

Forecasts : Consumption, Production, and Behavioral Responses

Ahmad, Husnain; Gibson, Matthew; Nadeem, Fatiq; Nasim, … - 2023

forecast errors; the training effect suggests that modest educational interventions can durably improve forecasting skills …. Forecast receipt increased demand for protective masks and increased the responsiveness of outdoor time to pollution. Forecast …

Persistent link: https://www.econbiz.de/10014264517

Locus of Control and Consistent Investment Choices

Pinger, Pia - 2018

We document that an internal locus of control can be hindering in financial market situations, where short-term outcomes are determined by chance. The reason is that internally controlled individuals may tend to (over-)react to random outcomes. Our evidence is based on an experiment in which...

Persistent link: https://www.econbiz.de/10012918221

Early Health, Risk Aversion and Stock Market Participation

Bockerman, Petri - 2019

To examine the relationship between early health status and financial decisions in adulthood, we link information on birth weight in 1966 from the Northern Finland Birth Cohort to data from the Finnish Central Securities Depository over the period of 1995-2010. We find that persons predisposed...

Persistent link: https://www.econbiz.de/10012870140

Skewness Expectations and Portfolio Choice

Drerup, Tilman H.; Wibral, Matthias; Zimpelmann, Christian - 2022

Many models of investor behavior predict that investors prefer assets that they believe to have positively skewed return distributions. We provide a direct test of this prediction in a representative sample of the Dutch population. Using individual-level data on return expectations for a broad...

Persistent link: https://www.econbiz.de/10013406448

Delayed Graduation and Overeducation : A Test of the Human Capital Model versus the Screening Hypothesis

Aina, Carmen - 2012

The academic circles are devoting a growing interest to delayed graduation and overeducation, but none has analyzed the joint consequences of these two phenomena. Thus, this paper studies the link between graduation not within the minimum period and overeducation, and the effects of these...

Persistent link: https://www.econbiz.de/10013108626