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Cyclical skill-biased technological change
Balleer, Almut; van Rens, Thijs - 2009
for the skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long run …
Persistent link: https://www.econbiz.de/10010276400
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The role of early-life conditions in the cognitive decline due to adverse events later in life
van den Berg, Gerard J.; Deeg, Dorly J.H.; Lindeboom, … - 2010
Cognitive functioning of elderly individuals may be affected by events such as the loss of a (grand)child or partner or the onset of a serious chronic condition, and by negative economic shocks such as job loss or the reduction of pension benefits. It is conceivable that the impact of such...
Persistent link: https://www.econbiz.de/10010277333
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Global business cycles: convergence or decoupling?
Kose, M. Ayhan; Otrok, Christopher M.; Prasad, Eswar - 2008
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups - industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10010276108
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Cyclical variation in labor hours and productivity using the ATUS
Burda, Michael C.; Hamermesh, Daniel S.; Stewart, Jay … - 2012
We examine monthly variation in weekly work hours using data for 2003-10 from the Current Population Survey (CPS) on hours/worker, from the Current Employment Survey (CES) on hours/job, and from the American Time Use Survey (ATUS) on both. The ATUS data minimize recall difficulties and constrain...
Persistent link: https://www.econbiz.de/10010291460
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Identification and estimation of causal mechanisms and net effects of a treatment under unconfoundedness
Flores, Carlos A.; Flores-Lagunes, Alfonso - 2009
An important goal when analyzing the causal effect of a treatment on an outcome is to understand the mechanisms through which the treatment causally works. We define a causal mechanism effect of a treatment and the causal effect net of that mechanism using the potential outcomes framework. These...
Persistent link: https://www.econbiz.de/10010269294
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Identification of New Keynesian Phillips Curves from a global perspective
Dees, Stephane; Pesaran, Mohammad Hashem; Smith, L. Vanessa - 2008
New Keynesian Phillips Curves (NKPC) have been extensively used in the analysis of monetary policy, but yet there are a number of issues of concern about how they are estimated and then related to the underlying macroeconomic theory. The first is whether such equations are identified. To check...
Persistent link: https://www.econbiz.de/10010276262
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Infinite dimensional VARs and factor models
Chudik, Alexander; Pesaran, Mohammad Hashem - 2007
dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the … number of endogenous variables tends to infinity. It is shown that under such restrictions, an infinite-dimensional VAR (or … IVAR) can be arbitrarily well characterized by a large number of finite-dimensional models in the spirit of the global VAR …
Persistent link: https://www.econbiz.de/10010276258
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On econometric analysis of structural systems with permanent and transitory shocks and exogenous variables
Pagan, Adrian; Pesaran, Mohammad Hashem - 2007
structural models in the general case where the model might contain more than one permanent structural shock. It provides a …-run restrictions than are needed because of a failure to fully utilize the cointegration information. …
Persistent link: https://www.econbiz.de/10010276256
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Real Wages and the Cycle: The View from the Frequency Domain
Hart, Robert A.; Malley, James R.; Woitek, Ulrich - 2001
In the time domain, the observed cyclical behavior of the real wage hides a range of economic influences that give rise to cycles of differing lengths and amplitudes. This may serve to produce a distorted picture of wage cyclicality. Here, we employ frequency domain methods that allow us...
Persistent link: https://www.econbiz.de/10010262530
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Cyclical Skill-Biased Technological Change
Balleer, Almut; van Rens, Thijs - Institute for the Study of Labor (IZA) - 2009
for the skill premium from the CPS and use it to identify skill-biased technology shocks in a VAR with long run …
Persistent link: https://www.econbiz.de/10005030900