Showing 1 - 10 of 477
The authors use matched employer-employee panel data on Belgian private-sector firms to estimate the relationship between wage/productivity differentials and the firm's labor composition in terms of part-time and sex. Findings suggest that the groups of women and part-timers generate employer...
Persistent link: https://www.econbiz.de/10010329143
We propose a novel procedure, built within a Generalized Method of Moments framework, which exploits unpaired observations (singletons) to increase the efficiency of longitudinal fixed effect estimates. The approach allows increasing estimation efficiency, while properly tackling the bias due to...
Persistent link: https://www.econbiz.de/10012059195
What role does labor play in firms? market value? We explore this question using a production-based asset pricing model with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital and that the two interact, with the interaction being...
Persistent link: https://www.econbiz.de/10010261658
This paper proposes a new econometric estimation method for analyzing the probability of leaving unemployment using uncompleted spells from repeated cross-section data, which can be especially useful when panel data are not available. The proposed method-ofmoments- based estimator has two...
Persistent link: https://www.econbiz.de/10010261840
market is characterised by greater flexibility in wages and work arrangements in comparison to Germany. These institutional …
Persistent link: https://www.econbiz.de/10010261963
Assessing the migration potential and predicting future migration streams are among the most relevant, yet least well understood topics of migration research. The usual approach taken to address aggregate-level prediction problems is to fit ad hoc specifications to historical data, and to...
Persistent link: https://www.econbiz.de/10010262391
In this paper we study the performance of the GMM estimator in the context of the covariance structure of earnings …
Persistent link: https://www.econbiz.de/10010269863
inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of …
Persistent link: https://www.econbiz.de/10010276468
Offshoring is generally believed to be productivity-enhancing and this belief is underpinned by economic theory. This article contributes to the growing literature that tests empirically whether offshoring does indeed help to improve productivity. Estimating the impact of materials and business...
Persistent link: https://www.econbiz.de/10010278814
inconsistent preferences, where GMM estimators deal with errors in variables and unobserved heterogeneity. The results conform to …
Persistent link: https://www.econbiz.de/10012180099