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Testing for the Option Value of Migration
Locher, Lilo - 2001
Using uncertainty about the future returns to migration, the option value theory of migration can explain low migration rates in spite of huge wage differences. This paper presents the theory in a simple two-period framework and uses ethnic Germans in the CIS to find empirical support for it....
Persistent link: https://www.econbiz.de/10010262606
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Uncertainty and the politics of employment protection
Vindigni, Andrea - 2008
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10010268688
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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
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Flexibility at the margin and labor market volatility in OECD countries
Sala, Héctor; Silva, José Ignacio; Toledo, Manuel E. - 2008
achieve similar volatility than fully deregulated labor markets. Flexibility at the margin produces a gap in separation costs … de labor market volatility. This increased volatility is partially reverted when limitations in the duration and number … explain the similar volatility observed in many regulated OECD labor markets with flexibility at the margin vis-à-vis the …
Persistent link: https://www.econbiz.de/10010276682
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The economic security index: A new measure for research and policy analysis
Hacker, Jacob S.; Huber, Gregory Alain; Nichols, Austin; … - 2012
combining data from multiple surveys, we create an integrated measure of volatility in available household resources, accounting …
Persistent link: https://www.econbiz.de/10010289981
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A Note on Possible Estimation Bias When Studying Persons with Work Disability in Active Labour Market Programs
Gerdes, Christer - 2015
This study looks at the effects of participating in active labour market policy programs for persons with work disabilities. More in detail, it draws attention to the importance of taking into account the timing of when a work disability has been registered for persons attending ALMP programs....
Persistent link: https://www.econbiz.de/10011307471
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The Effectiveness of Fiscal Stimuli for Working Parents
de Boer, Henk-Wim; Jongen, Egbert L. W.; Kabátek, Jan - 2015
To promote the labor participation of parents with young children, governments employ a number of fiscal instruments. Prominent examples are childcare subsidies and in-work benefits. However, which policy works best for employment is largely unknown. We study the effectiveness of different...
Persistent link: https://www.econbiz.de/10011345352
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New Evidence on Linear Regression and Treatment Effect Heterogeneity
Sloczynski, Tymon - 2015
It is standard practice in applied work to rely on linear least squares regression to estimate the effect of a binary variable ("treatment") on some outcome of interest. In this paper I study the interpretation of the regression estimand when treatment effects are in fact heterogeneous. I show...
Persistent link: https://www.econbiz.de/10011401759
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Regression Analysis of Country Effects Using Multilevel Data: A Cautionary Tale
Bryan, Mark L.; Jenkins, Stephen P. - 2013
Cross-national differences in outcomes are often analysed using regression analysis of multilevel country datasets, examples of which include the ECHP, ESS, EU-SILC, EVS, ISSP, and SHARE. We review the regression methods applicable to this data structure, pointing out problems with the...
Persistent link: https://www.econbiz.de/10010328911
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Mostly Harmless Simulations? On the Internal Validity of Empirical Monte Carlo Studies
Advani, Arun; Sloczynski, Tymon - 2013
In this paper we evaluate the premise from the recent literature on Monte Carlo studies that an empirically motivated simulation exercise is informative about the actual ranking of various estimators when applied to a particular problem. We consider two alternative designs and provide an...
Persistent link: https://www.econbiz.de/10010329051