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News Shocks
Barsky, Robert - 2009
We implement a new approach for the identification of news shocks about future technology. In a VAR featuring a measure of aggregate technology and several forward-looking variables, we identify the news shock as the shock orthogonal to technology innovations that best explains future variation...
Persistent link: https://www.econbiz.de/10013156463
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Subjective Evaluation of Performance Through Individual Evaluation Interview : Empirical Evidence from France
Diaye, Marc-Arthur - 2013
Individual evaluation interviews have become a widespread practice. 52% of employees in French manufacturing firms over … 50 employees declared an annual individual evaluation interview in 1997. However whereas the problem of constructing an … optimal contract with subjective evaluation (which is defined simply as a signal in most papers) receives a large attention …
Persistent link: https://www.econbiz.de/10012753959
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Age Variations in Workers' Value of Statistical Life
Aldy, Joseph E.; Viscusi, W. Kip - 2021
This paper develops a life-cycle model in which workers choose both consumption levels and job fatality risks, implying that the effect of age on the value of life is ambiguous. The empirical analysis of this relationship uses novel, age-dependent fatal and nonfatal risk variables. Workers'...
Persistent link: https://www.econbiz.de/10013227899
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The Effect of Evaluation on Performance : Evidence from Longitudinal Student Achievement Data of Mid-Career Teachers
Taylor, Eric S. - 2011
The effect of evaluation on employee performance is traditionally studied in the context of the principal-agent problem …. Evaluation can, however, also be characterized as an investment in the evaluated employee's human capital. We study a sample of … mid-career public school teachers where we can consider these two types of evaluation effect separately. Employee …
Persistent link: https://www.econbiz.de/10013128610
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Estimation and Evaluation of DSGE Models : Progress and Challenges
Schorfheide, Frank - 2011
advances in the estimation and evaluation of DSGE models, discusses current challenges, and provides avenues for future …
Persistent link: https://www.econbiz.de/10013130259
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Estimation and Evaluation of Conditional Asset Pricing Models
Nagel, Stefan - 2010
We find that several recently proposed consumption-based models of stock returns, when evaluated using an optimal set of managed portfolios and the associated model-implied conditional moment restrictions, fail to capture key features of risk premiums in equity markets. To arrive at these...
Persistent link: https://www.econbiz.de/10013137023
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Life-Cycle Consumption and the Age-Adjusted Value of Life
Kniesner, Thomas J. - 2012
wages and job safety pairings. Although aging reduces the number of years of life expectancy, aging can affect the value of …
Persistent link: https://www.econbiz.de/10013115884
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Regression Discontinuity Designs with an Endogenous Forcing Variable and an Application to Contracting in Health Care
Bajari, Patrick - 2011
Regression discontinuity designs (RDDs) are a popular method to estimate treatment effects. However, RDDs may fail to yield consistent estimates if the forcing variable can be manipulated by the agent. In this paper, we examine one interesting set of economic models with such a feature....
Persistent link: https://www.econbiz.de/10013117577
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How Reliable are De Facto Exchange Rate Regime Classifications?
Eichengreen, Barry - 2011
We analyze disagreements over de facto exchange-rate-regime classifications using three popular de facto regime data series. While there is a moderate degree of concurrence across classifications, disagreements are not uncommon, and they are not random. They are most prevalent in middle-income...
Persistent link: https://www.econbiz.de/10013121069
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Aggregation of Consumer Ratings : An Application to Yelp.Com
Dai, Daisy - 2012
Because consumer reviews leverage the wisdom of the crowd, the way in which they are aggregated is a central decision faced by platforms. We explore this "rating aggregation problem" and offer a structural approach to solving it, allowing for (1) reviewers to vary in stringency and accuracy, (2)...
Persistent link: https://www.econbiz.de/10013097277