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Information, Measurement, And Prediction In Economics
Zarnowitz, Victor - 1979
This paper examines the flow of production and use of economic information and analyzes the effects of measurement … presumption that the measurement errors are random: Systematic errors are frequent and their sources and forms vary so much that … decade),measurement of short-term changes in the economy is particularly difficult and current signals are apt to be often …
Persistent link: https://www.econbiz.de/10012478831
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Investor Sentiment in the Stock Market
Baker, Malcolm - 2007
. The "top down" approach to behavioral finance focuses on the measurement of reduced form, aggregate sentiment and traces …
Persistent link: https://www.econbiz.de/10012465464
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A Multiple Indicators Model for Volatility Using Intra-Daily Data
Engle, Robert F. - 2003
Many ways exist to measure and model financial asset volatility. In principle, as the frequency of the data increases, the quality of forecasts should improve. Yet, there is no consensus about a true' or best' measure of volatility. In this paper we propose to jointly consider absolute daily...
Persistent link: https://www.econbiz.de/10012468577
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Measuring Uncertainty about Long-Run Prediction
Mueller, Ulrich - 2013
Long-run forecasts of economic variables play an important role in policy, planning, and portfolio decisions. We consider long-horizon forecasts of average growth of a scalar variable, assuming that first differences are second-order stationary. The main contribution is the construction of...
Persistent link: https://www.econbiz.de/10012459791
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Wage and Productivity Premiums in Sub-Saharan Africa
Van Biesebroeck, Johannes - 2007
accurate test. The results indicate that equality holds strongly for the most developed country in the sample (Zimbabwe), but …
Persistent link: https://www.econbiz.de/10012465344
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The Curley Effect
Glaeser, Edward L. - 2002
James Michael Curley, a four-time mayor of Boston, used wasteful redistribution to his poor Irish constituents and incendiary rhetoric to encourage richer citizens to emigrate from Boston, thereby shaping the electorate in his favor. Boston as a consequence stagnated, but Curley kept winning...
Persistent link: https://www.econbiz.de/10012469772
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The Effects of the Emeryville Fair Workweek Ordinance on the Daily Lives of Low-Wage Workers and their Families
Ananat, Elizabeth Oltmans; Gassman-Pines, Anna; … - National Bureau of Economic Research - 2022
Emeryville, CA's Fair Workweek Ordinance (FWO) aimed to reduce service workers' schedule unpredictability by requiring large retail and food service employers to provide advanced notice of schedules and to compensate workers for last-minute schedule changes. From a 1-in-6 sample of Emeryville...
Persistent link: https://www.econbiz.de/10012938761
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Computerization, Obsolescence, and the Length of Working Life
Hudomiet, Peter; Willis, Robert J. - National Bureau of Economic Research - 2021
This paper analyzes how computerization affected the labor market outcomes of older workers between 1984 and 2017. Using the computerization supplements of the Current Population Survey (CPS) we show that different occupations were computerized at different times, older workers tended to start...
Persistent link: https://www.econbiz.de/10012510579
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What Does Codetermination Do?
Jäger, Simon; Noy, Shakked; Schoefer, Benjamin - National Bureau of Economic Research - 2021
We provide a comprehensive overview of codetermination, i.e., worker representation in firms' governance and management. We cover the institution's history, implementation, and the best available evidence on its economic impacts. We argue that existing quasiexperimental estimates suggest that...
Persistent link: https://www.econbiz.de/10012585405
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Harms of AI
Acemoglu, Daron - National Bureau of Economic Research - 2021
This essay discusses several potential economic, political and social costs of the current path of AI technologies. I argue that if AI continues to be deployed along its current trajectory and remains unregulated, it may produce various social, economic and political harms. These include:...
Persistent link: https://www.econbiz.de/10012629467