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explanatory variable in the analysis of migration. Although correlated with other variables that are routinely used in …
Persistent link: https://www.econbiz.de/10005870559
This paper studies the asset pricing implications of a general equi-librium model in which real investment is reversible at a cost. Firmsface higher costs in contracting than in expanding their capital stockand decide to invest when their productive capital is scarce relativeto the overall...
Persistent link: https://www.econbiz.de/10009022140
The aim of this paper is to explain why cross-sectional estimated migration correlations displayed in the academic and … a model with stochastic migration in which the parameters of interest, that are migration correlations, are precisely … defined. The impossibility of estimating consistently the migration correlations from cross-sectional data only is emphasized …
Persistent link: https://www.econbiz.de/10005858516
The relevance of transport costs has increased as liberalization continues to reduce artificial barriers to trade. Countries need to adopt policies to `get closer` to global markets. Can improvements in infrastructure and regulation reduce transport costs? Is it worthwhile to implement policies...
Persistent link: https://www.econbiz.de/10010327071
We study whether employment history provides information about a worker's "work attitude," i.e., the tendency to act cooperatively and reliably in the workplace. We conjecture that, holding all else equal, frequent job changes can indicate poor work attitude and that this information is...
Persistent link: https://www.econbiz.de/10012143539
There is widespread evidence of excess return predictability in financial markets. In this paper we examine whether this predictability is related to expectational errors. To consider this issue, we use data on survey expectations of market participants in the stock market, the foreign exchange...
Persistent link: https://www.econbiz.de/10005858391
The aim of this study is to examine the underlying dimensions of self-stated attitudesand behaviour concerning everyday financial affairs, and classify individuals basedon those dimensions. A questionnaire was answered by 1282 respondents in the German-speaking part of Switzerland. The sample of...
Persistent link: https://www.econbiz.de/10005868992
This paper builds a dynamic general equilibrium model of cities and uses it to analyze the role of local housing markets and moving costs in determining the character and extent of labor reallocation in the US economy. Labor reallocation in the model is driven by idiosyncratic city-specific...
Persistent link: https://www.econbiz.de/10010292111
In this paper, I experimentally examine the employment opportunities of Austrians with and without migration background …. Applications of candidates with a Serbian, Turkish, Chinese, Nigerian and no migration background are sent in response to job … results document employment discrimination for all groups with migration background, it is most pronounced for applicants with …
Persistent link: https://www.econbiz.de/10011310802
gap in labour force participation. We highlight the role of two factors - international migration and education - on the … education and migration have a significant association with the gender gap in labour force participation in Tajikistan … participation. Both women acquiring greater access to education and men increasing their migration abroad contribute to reducing the …
Persistent link: https://www.econbiz.de/10011396830