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Decomposing immigrant wage assimilation: The role of workplaces and occupations
Eliasson, Tove - 2013
This article uses a matched employer-employee panel data of the Swedish labor market to study immigrant wage assimilation, decomposing the wage catch-up into parts which can be attributed to relative wage growth within and between workplaces and occupations. This study shows that failing to...
Persistent link: https://www.econbiz.de/10010321130
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An economic index of riskiness
Aumann, Robert J.; Serrano, Roberto - 2006
Define the riskiness of a gamble as the reciprocal of the absolute risk aversion (ARA) of an individual with constant … “duality” axiom which, roughly speaking, asserts that less risk-averse individuals accept riskier gambles. The index is …
Persistent link: https://www.econbiz.de/10010318897
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Zur Reduzierung niederschlagsbedingterProduktionsrisiken mit Wetterderivaten
Mußhoff, Oliver; Odening, Martin; Xu, Wei - Universität <Berlin, Humboldt-Universität> / … - 2005
that a considerable risk remainswith producers who are located remotely from the weather station. Another finding isthat …In this paper we price a precipitation option based on empirical weather data from Germanyusing different pricing … precipitation model. Moreover, a decorrelationanalysis is proposed to analyse the spatial basis risk that is inherent to rainfall …
Persistent link: https://www.econbiz.de/10009302563
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The wage incentive to management: A comparison across European economies
Biagetti, Marco; Leonida, Leone; Scicchitano, Sergio - 2012
We define the wage incentive to management as the wage premium the manager earns because of his/her supervising role. We adopt an approach based on what if questions and estimate the premium at different quantiles of the distribution of wages for 26 European economies. To ease comparisons we...
Persistent link: https://www.econbiz.de/10010280767
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A semi-parametric approach to the Oaxaca-Blinder decomposition with continuous group variable and self-selection
Rios-Avila, Fernando - 2019
This paper describes the application of a semiparametric approach, known as a varying coefficients model (Hastie and Tibshirani 1993), to implement a Oaxaca-Blinder type of decomposition in the presence of self-selection into treatment groups for a continuum of comparison groups. The flexibility...
Persistent link: https://www.econbiz.de/10012142977
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A meta-analysis of the international gender wage gap
Weichselbaumer, Doris; Winter-Ebmer, Rudolf - 2003
. Over time, raw wage differentials world-wide have fallen substantially; however, most of this decrease is due to an …
Persistent link: https://www.econbiz.de/10010294503
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The effects of competition and equal treatment laws on the gender wage differential
Weichselbaumer, Doris; Winter-Ebmer, Rudolf - 2003
This paper evaluates the impact of economic and legal variables on wage differentials between men and women. Since Becker (1957) economists have argued that competitive markets eliminate discrimination in the long run. On the other hand, practically all countries have enacted some sort of law...
Persistent link: https://www.econbiz.de/10010294546
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Entropy and the value of information for investors
Cabrales, Antonio; Gossner, Olivier; Serrano, Roberto - 2010
Consider any investor who fears ruin facing any set of investments that satisfy no-arbitrage. Before investing, he can purchase information about the state of nature in the form of an information structure. Given his prior, information structure 'a' is more informative than information structure...
Persistent link: https://www.econbiz.de/10010284049
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Testing for Linear Cointegration Against Smooth-Transition Cointegration
Li, Dao; He, Changli - 2013
This paper studies a smooth-transition (ST) type cointegration. The proposed ST cointegration allows for regime switching structure in a cointegrated system, and nests the linear cointegration developed by Engle and Granger (1987) and the threshold cointe- gration studied by Balke and Fomby...
Persistent link: https://www.econbiz.de/10012654376
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Testing Common Nonlinear Features in Nonlinear Vector Autoregressive Models
Li, Dao; He, Changli - 2013
This paper studies a special class of vector smooth-transition autoregressive (VS- TAR) models containing common nonlinear features (CNFs). To test the existence of CNFs in a VSTAR model, a triangular representation for such a system containing CNFs is proposed. A procedure of testing CNFs in a...
Persistent link: https://www.econbiz.de/10012654377