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negative effect on the wage of the low-skilled at the bottom of the wage distribution. With lower returns from employment, the …. The findings provide evidence against the commonly used argument that wage flexibility improves the employment prospects …
Persistent link: https://www.econbiz.de/10010335418
, the United Kingdom, and the United States. The paper compares trends in the household living arrangements, employment … this general pattern. Between the mid-1980s and 2000 employment rates improved among young Americans in their late 20s and … early 30s, and earnings levels either remained stable or increased modestly. The stability of U.S. employment levels helped …
Persistent link: https://www.econbiz.de/10010335462
.e. by differing probabilities of any employment? Across OECD countries there are large differences in the average level and … employment. The participation level is particularly important for inequality differences and there is persuasive evidence that … country attitudes to paid employment, particularly for women, differ significantly. This paper uses Luxembourg Income Study …
Persistent link: https://www.econbiz.de/10011653052
The paper investigates the extent to which the dollar/sterling exchange rate fluctuations affect coffee and cocoa futures prices on the London LIFFE and the New York CSCE by means of multivariate GARCH models - under the assumption that traders in perfectly competitive markets have equal access...
Persistent link: https://www.econbiz.de/10010291928
Using data from Germany, Japan, UK, and the U.S., we explore possible threshold cointegration in nominal short- and long-run interest rates with corresponding inflation rates. Traditional cointegration implies perfect mean reversion in real rates and hence confirms the Fisher hypothesis....
Persistent link: https://www.econbiz.de/10010292774
This paper questions traditional approaches for testing the day-of-the-week effect on stock returns. We propose an alternative approach based on the closure test principle introduced by Marcus, Peritz and Gabriel (1976), which has become very popular in Biometrics and Medical Statistics. We test...
Persistent link: https://www.econbiz.de/10010292794
approach we decompose the dynamics of employment and labour force into transitory and permanent components. We estimated a …, and USA). We find that the transitory component has a significant impact on unemployment only in the US. In contrast to …
Persistent link: https://www.econbiz.de/10010293970
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labour market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10010293972
Motivated by economic-theory concepts - the Fisher hypothesis and the theory of the term structure - we consider a small set of simple bivariate closed-loop time-series models for the prediction of price inflation and of long- and short-term interest rates. The set includes vector...
Persistent link: https://www.econbiz.de/10010294000
Based on the earlier work of one of the authors, this paper develops a unified methodology to compare tax progression for dominance relations under different income distributions. We address it as uniform tax progression for different income distributions and present the respective approach for...
Persistent link: https://www.econbiz.de/10010335339