Narrow search
Showing 1 - 10 of 1,928
Cover Image
The nature of occupational unemployment rates in the United States: hysteresis or structural?
Candelon, Bertrand; Dupuy, Arnaud; Gil-Alana, Luis - 2008
This paper provides new evidence on the nature of occupational differences in unemployment dynamics, which is relevant for the debate between the structural or hysteresis hypotheses. We develop a procedure that permits us to test for the presence of a structural break at unknown date. Our...
Persistent link: https://www.econbiz.de/10010268561
Cover Image
Housing mobility and downsizing at older ages in Britain and the United States
Banks, James; Blundell, Richard; Oldfield, Zoë; Smith, … - 2010
This paper investigates the effects of housing price risk on housing choices over the lifecycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10010274602
Cover Image
House price volatility and the housing ladder
Banks, James; Blundell, Richard; Oldfield, Zoë; Smith, … - 2010
This paper investigates the effects of housing price risk on housing choices over the lifecycle. Housing price risk can be substantial but, unlike other risky assets which people can avoid, the fact that most people will eventually own their home creates an insurance demand for housing assets...
Persistent link: https://www.econbiz.de/10010274692
Cover Image
Growth, volatility and political instability: non-linear time-series evidence for Argentina, 1896 - 2000
Campos, Nauro F.; Karanasos, Menelaos G. - 2007
What is the relationship between economic growth and its volatility? Does political instability affect growth directly … or indirectly, through volatility? This paper tries to answer such questions using a power-ARCH framework with annual … legislative changes) has an indirect (through volatility) negative impact. We also find preliminary support for the idea that …
Persistent link: https://www.econbiz.de/10010268236
Cover Image
House prices and employment reallocation: international evidence
Bover, Olympia; Jimeno, Juan F. - 2007
Over the last decade house prices increased remarkably in many countries. However, while in several countries there was an employment boom in the construction sector, in others the share of employment in this sector did not significantly change. In this paper we estimate a model of labor demand...
Persistent link: https://www.econbiz.de/10010268127
Cover Image
Valuing school quality via a school choice reform
Machin, Stephen; Salvanes, Kjell G. - 2010
Among policymakers, educators and economists there remains a strong, sometimes heated, debate on the extent to which good schools matter. This is seen, for instance, in the strong trend towards establishing accountability systems in education in many countries across the world. In this paper, in...
Persistent link: https://www.econbiz.de/10010269399
Cover Image
Immigration and housing booms: evidence from Spain
González Luna, Libertad; Ortega, Francesc - 2009
We estimate empirically the effect of immigration on house prices and residential construction activity in Spain over the period 1998-2008. This decade is characterized by both a spectacular housing market boom and a stunning immigration wave. We exploit the variation in immigration across...
Persistent link: https://www.econbiz.de/10010269418
Cover Image
The impact of population ageing on house prices: A micro-simulation approach
Chen, Yu; Gibb, Kenneth D.; Leishman, Chris; Wright, … - 2012
This paper attempts to estimate the impact of population ageing on house prices. There is considerable debate about whether population ageing puts downwards or upwards pressure on house prices. The empirical approach differs from earlier studies of this relationship, which are mainly regression...
Persistent link: https://www.econbiz.de/10010284002
Cover Image
International labour force participation rates by gender: Unit root or structural breaks?
Ozdemir, Zeynel Abidin; Balcilar, Mehmet; Tansel, Aysit - 2011
This paper examines the possibility of unit roots in the presence of endogenously determined multiple structural breaks in the total, female and male labour force participation rates (LFPR) for Australia, Canada and the USA. We extend the procedure of Gil-Alana (2008) for single structural break...
Persistent link: https://www.econbiz.de/10010282306
Cover Image
Are labor force participation rates really non-stationary? Evidence from three OECD countries
Ozdemir, Zeynel Abidin; Balcilar, Mehmet; Tansel, Aysit - 2012
This paper shows that the structural breaks are an important characteristic of the monthly labor force participation rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural breaks in the empirical specifications of fractionally...
Persistent link: https://www.econbiz.de/10010283936