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In this paper, I consider the identification of lagged durationdependence in multiple spells without using the assumtion that there are additionalregressors orthogonal to the individual effects. The non-parametricidentification strategy is applied to the multiple non-employment spells of 2066...
Persistent link: https://www.econbiz.de/10010324566
In this paper it is argued that occupational and organizational codes maximizethe correspondence between activities and easily observable characteristics atthe time of their development. Over time the codes become less relevant, leadingto the false impression that the segregation of individuals...
Persistent link: https://www.econbiz.de/10010324648
In this paper we argue that authorities aid cooperation by means ofdirect coordination or the enforcement of re-commitment devices suchas contract laws.Credible threats of violence allow this role. In alocal interaction model, an authority forms if mutually connected individuals with sufficient...
Persistent link: https://www.econbiz.de/10010324664
Psychologists and sociologists usually interpret answers to happiness surveys as cardinal and comparableacross respondents (Kahneman et al. 1999). As a result, these social scientists run OLS regressionson happiness and changes in happiness. Economists, on the other hand, usually only assume...
Persistent link: https://www.econbiz.de/10010324885
In this paper it is argued that the slowness of the legislativesystem implies pre-commitment of legislation for at least the periodit takes to change a law. A simple model illustrates the benefit ofthis pre-commitment.
Persistent link: https://www.econbiz.de/10010324955