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Public Employment, Taxes and the Welfare State in Sweden

Rosen, Sherwin - 1995

All employment growth in Sweden since the early 1960's is attributable to labor market entry of women, working in local … public sector jobs that implement the Welfare State. Sweden has 'monetized' or 'nationalized' the family. Women are paid at … goods sector. Efficiency distortions of current child policies in Sweden may be as large as half of total expenditures on …

Persistent link: https://www.econbiz.de/10012473895

Parenthood, Family Friendly Workplaces, and the Gender Gaps in Early Work Careers

Hotz, V. Joseph - 2017

, with the onset of parenthood. We exploit matched employer-employee data from Sweden to characterize a model-based index of …

Persistent link: https://www.econbiz.de/10012453540

Once Again, is Openness Good for Growth?

Lee, Ha Yan - 2004

Rodriguez and Rodrik (2000) argue that the relation between openness and growth is still an open question. One of the main problems in the assessment of the effect is the endogeneity of the relation. In order to address this issue, this paper applies the identification through heteroskedasticity...

Persistent link: https://www.econbiz.de/10012467941

Spillovers Across U.S. Financial Markets

Rigobon, Roberto - 2003

Movements in the prices of different assets are likely to directly influence one another. This paper develops a model that identifies the contemporaneous interactions between asset prices in U.S. financial markets by relying on the heteroskedasticity in their movements. In particular, we...

Persistent link: https://www.econbiz.de/10012469058

What Are We Weighting For?

Solon, Gary - 2013

The purpose of this paper is to help empirical economists think through when and how to weight the data used in estimation. We start by distinguishing two purposes of estimation: to estimate population descriptive statistics and to estimate causal effects. In the former type of research,...

Persistent link: https://www.econbiz.de/10012459802

Instrumental Variables Estimation of Heteroskedastic Linear Models Using All Lags of Instruments

West, Kenneth D. - 2007

We propose and evaluate a technique for instrumental variables estimation of linear models with conditional heteroskedasticity. The technique uses approximating parametric models for the projection of right hand side variables onto the instrument space, and for conditional heteroskedasticity and...

Persistent link: https://www.econbiz.de/10012465519

Using Heteroscedasticity to Estimate the Returns to Education

Hogan, Vincent - 2002

We apply a new estimator to the measurement of the economic returns to education. We control for endogenous education, unobserved ability and measurement error using only the natural heteroscedasticty of wages and education attainment. Our prefered estimate, 6.07%, is closer to the OLS estimate...

Persistent link: https://www.econbiz.de/10012469564

Measuring the Reaction of Monetary Policy to the Stock Market

Rigobon, Roberto - 2001

Movements in the stock market can have a significant impact on the macroeconomy and are therefore likely to be an important factor in the determination of monetary policy. However, little is known about the magnitude of the Federal Reserve's reaction to the stock market. One reason is that it is...

Persistent link: https://www.econbiz.de/10012470370

Identification through Heteroskedasticity : Measuring "Contagion

Rigobon, Roberto - 2000

In this paper, I develop a new identification method to solve the problem of simultaneous equations, based on heteroskedasticity of the structural shocks. I show that if the heteroskedasticity can be described as a two-regime process, then the system is just identified under relatively weak...

Persistent link: https://www.econbiz.de/10012471283

Heteroskedasticity in Stock Returns

Schwert, G. William - 1989

We use predictions of aggregate stock return variances from daily data to estimate time varying monthly variances for size-ranked portfolios. We propose and estimate a single factor model of heteroskedasticity for portfolio returns. This model implies time-varying betas. Implications of...

Persistent link: https://www.econbiz.de/10012476092