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Identifying Regional Labor Demand Shocks Using Sign Restrictions
Juessen, Falko - 2012
We propose using sign restrictions to identify regional labor demand shocks in a panel VAR of US federal states. Observed migration responds significantly, but less persistently than the residual-based migration measure constructed by Blanchard and Katz (1992)
Persistent link: https://www.econbiz.de/10013099800
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Incentive Pay and Performance : Insider Econometrics in a Multi-Unit Firm
Bogaard, Hein - 2013
and Generalized Propensity Score estimation. Our results show that some of the reforms had a positive impact on …
Persistent link: https://www.econbiz.de/10013071738
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Identifying the Substitution Effect of Temporary Agency Employment
Jahn, Elke J. - 2012
This paper fills a gap in the literature by investigating whether temporary agency employment substitutes regular employment. To take into account the interaction between the two employment forms, we identify a SVAR model with correlated innovations by volatility regimes. We show that a positive...
Persistent link: https://www.econbiz.de/10013107696
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Cross-Country Connectedness in Inflation and Unemployment : Measurement and Macroeconomic Consequences
Pham, Binh Thai; Sala, Hector - 2021
We bring the notion of connectedness (Diebold and Yilmaz, 2012) to a set of two critical macroeconomic variables as …. We find that total connectedness is larger for prices (58.28%) than for unemployment (41.81%). We also identify …. Besides, by exploring time-varying connectedness (resulting from country-specific shocks), we find that volatility spillovers …
Persistent link: https://www.econbiz.de/10013236402
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Help in a Foreign Land : Internationalized Banks and Firms' Export
Brancati, Emanuele - 2022
The lack of information is a relevant obstacle to the export activity of small and medium enterprises. This paper analyzes whether banks can support firms’ export by reducing informational asymmetries about foreign markets. We exploit a large sample of Italian firms for which we merge custom...
Persistent link: https://www.econbiz.de/10013403718
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Interest Rate Bands of Inaction and Play-Hysteresis in Domestic Investment : Evidence for the Euro Area
Belke, Ansgar Hubertus - 2019
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank's effectiveness in a low interest rate environment...
Persistent link: https://www.econbiz.de/10012863789
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VC - A Method for Estimating Time-Varying Coefficients in Linear Models
Schlicht, Ekkehart - 2020
. A penalized least squares estimation is linked to the GLS (Aitken) estimates of the corresponding linear model with time …
Persistent link: https://www.econbiz.de/10012843151
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Nature of the Relationship between Minimum Wage and the Shadow Economy Size : An Empirical Analysis for the Case of Romania
Alexandru, Adriana AnaMaria - 2018
The recent increase in the minimum wage in Romania in early May 2016 represented a popular topic at the national level, which indicated that aggressive increases in the minimum wage could create a competitiveness problem in the context of a relatively high level of informal economic activities....
Persistent link: https://www.econbiz.de/10012930951
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Returns to Education : The Causal Effects of Education on Earnings, Health and Smoking
Heckman, James J. - 2016
This paper estimates returns to education using a dynamic model of educational choice that synthesizes approaches in the structural dynamic discrete choice literature with approaches used in the reduced form treatment effect literature. It is an empirically robust middle ground between the two...
Persistent link: https://www.econbiz.de/10012990853
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Economies of Scale in the Tunisian Industries
Heshmati, Almas - 2011
investigate evidence of IRS at the industry level. Using an econometric approach based on the estimation of the translog cost …. The model accounting for technology did not fit the data well for most sectors. The estimation results without time trend …
Persistent link: https://www.econbiz.de/10013124474