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response to anticipated changes in wages (holding the marginal utility of wealth constant-that is, the Frisch elasticity) and … substantially the estimates of the Frisch elasticity. The labor supply response to an unanticipated change in wages is small because … to unanticipated change in wages (which describes the effect of uncertainty in labor supply responses). The model …
Persistent link: https://www.econbiz.de/10005616810
regressions, trying to capture the effect of these variables on the real wages and salaries in Germany while considering the … emigration on the real wages and salaries of German laborers. Annual data for 49 years has been used to estimate twelve different … unification of West-East Germany with a dummy variable. The results are intriguing, and contradicting with most of the earlier …
Persistent link: https://www.econbiz.de/10005619638
This paper investigates the time-varying correlation between the EU12-wide business cycle and the initial EU12 member-countries based on Scalar-BEKK and multivariate Riskmetrics model frameworks for the period 1980-2012. The paper provides evidence that changes in the business cycle...
Persistent link: https://www.econbiz.de/10012910120
This paper examines the determinants of economic growth, income inequality, and their relationship in the context of education inequality. The econometrics indicate that a higher level of human capital and the relative dispersion of human capital have a disequalizing relationship with income...
Persistent link: https://www.econbiz.de/10013143699
When estimating regional inequality, many economists use inequality indices weighted by the regions' shares in the national population. Although this approach is widespread, its adequacy has not received attention in the regional science literature. This paper proves that such approach is...
Persistent link: https://www.econbiz.de/10012943787
A vast theoretical and empirical literature has focused on the effects of unemployment insurance benefits on the decisions of the recipients and how these decisions influence their labor market outcomes. Three strands of literature are discussed in this paper: (i) the impact of unemployment...
Persistent link: https://www.econbiz.de/10011111772
estimation of the wage gain due to the presence of labor market imperfections across those three stages. The part of the wage … belonging to the Mexican labor survey -ENOE-. The results suggest that 82.7% of the variance of the wages of the subordinated …
Persistent link: https://www.econbiz.de/10008592930
evidence emerges on the historical value of the elasticity of per-capita expenditure to per-capita Gdp. This value, of course …, brings also some information on what this elasticity can prove in the future. It is the first test developed on past trends …
Persistent link: https://www.econbiz.de/10011108039
El presente documento busca analizar el comportamiento de los hogares colombianos en la compra de vehículo nuevo para uso particular, y modelar el funcionamiento de la demanda de vehículos particulares en Colombia, entre 2009 y 2011. Esto a partir de la estimación de un modelo logit anidado...
Persistent link: https://www.econbiz.de/10011108302
Ecofin and Oecd methodology is used to reconstruct the historical evolution of public current health care expenditure for Italy and Lazio (an Italian Region). The reconstructed evolutions allow to detect what have been the per-capita expenditures per age brackets in absolute values (Euro) in...
Persistent link: https://www.econbiz.de/10011108541