Showing 1 - 10 of 366
This paper considers Bayesian inference procedures for regression models with ordinally observed explanatory variables. Taking advantage of a latent variable interpretation of the ordinally observed variable we develop an efficient Bayesian inference procedure that estimates the regression model...
Persistent link: https://www.econbiz.de/10012654409
coupled with unemployment or underemployment among highly educated workers. While a shortage of skills (or under-education) is … definitely a cause of concern, surplus education (or over-education) can also lead to underutilization of skills and further … lower demand for low skill workers. Given this scenario, the paper attempts to measure the incidence and extent of skill …
Persistent link: https://www.econbiz.de/10012099535
the depreciation of skills on human capital. The main policy implication of the paper is that overeducation constitutes a … waste of resources. Therefore public authorities should seek to reduce the negative impact of overeducation on the labor …
Persistent link: https://www.econbiz.de/10010368169
In this paper we analyse the changes that have taken place on the supply and demand sides of the Swedish labour market … background we then survey some of the findings from earlier studies of the evolution of the demand and supply of skills in Sweden … and of the extent and character of over- and undereducation. We then look specifically at overeducation among Swedish …
Persistent link: https://www.econbiz.de/10013208527
We evaluate the effect of performance-based scholarship programs for postsecondary students on student time use and effort and whether these effects are different for students we hypothesize may be more or less responsive to incentives. To do so, we administered a time-use survey as part of a...
Persistent link: https://www.econbiz.de/10012429409
The present paper presents the supply and demand trends of rice, wheat, total cereals, pulses, edible oil/oilseeds and … sugar/sugarcane. It provides the demand and supply projections for food items during 2011, 2021 and 2026. These projections … with projections provided by other scholars has also been made in the paper. Subsequently, the future supply-demand gap has …
Persistent link: https://www.econbiz.de/10011807615
This paper examines latent risk factors in models for migration risk. We employ thestandard statistical framework for ordered categorical variables and induce dependencebetween migrations by means of latent risk factors. By assuming a Markov process forthe dynamics of the latent factors, the...
Persistent link: https://www.econbiz.de/10005857974
The aim of this paper is to explain why cross-sectional estimated migration correlations displayed in the academic and professional literature can be either not consistent, or inefficient, and to discuss alternative approaches. The analysis relies on a model with stochastic migration in which...
Persistent link: https://www.econbiz.de/10005858516
In this paper we explain how to use rating histories provided by the internal scoring systems of banks and by rating agencies in order to predict the future risk of a set of borrowers. The method is developed following the steps suggested by the Basle Committee. To introduce both migration...
Persistent link: https://www.econbiz.de/10005858518
cash demand falls with an increase in card acceptance. We use detailed payment diary data from Austrian and Canadian … a substantial impact on the demand for cash. The estimate of the consumption elasticity (0.23 and 0.11 for Austria and … counterfactual experiments and quantify the effect of increased card acceptance on the demand for cash. Acceptance reduces the level …
Persistent link: https://www.econbiz.de/10013370113