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We study what happens to identified shocks and to dynamic responses when the data generating process features q disturbances but q1 q variables are used in an empirical model. Identified shocks are linear combinations of current and past values of all structural disturbances and do not...
Persistent link: https://www.econbiz.de/10012653027
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
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
Using unique Swedish micro data we examine the impact of local public services on community choice. The choice of community is modeled as a choice between a discrete set of alternatives. The US literature has produced conflicting evidence with respect to the importance of local public services....
Persistent link: https://www.econbiz.de/10010321798
population. This paper contributes to the discussion with illuminating the main drivers of urbanization: (i) migration and (ii …
Persistent link: https://www.econbiz.de/10010322814
his paper examines an important anomaly in the internal migration history of the former Soviet Union (FSU). While many … cities were closed in the sense of explicitly limiting growth of city population from migration, it was difficult to assess …
Persistent link: https://www.econbiz.de/10010334273