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interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that … allows to identify the intrafamily correlation in well-being. The parameters of the model can be estimated with panel data …
Persistent link: https://www.econbiz.de/10001729413
family background. Parental education has had asymmetric effects, positive on attainment and negative on school returns …. Better school quality also had asymmetric effects on the returns to education, positive for individuals with poor family … in the production of individual human capital. When school quality and family background are substitutes, an increase of …
Persistent link: https://www.econbiz.de/10011589663
's abilities, and a parachute effect, associated with family labour market connections. …
Persistent link: https://www.econbiz.de/10011317905
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In this paper we discuss the importance of families for understanding economic inequality. Family structure can in …
Persistent link: https://www.econbiz.de/10014546250
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We estimate dynamic conditional correlations between 10 commodities futures returns in energy, metals and agriculture markets over the period 1998-2014 with a DCC-GARCH model. We look at the factors influencing those correlations, adopting a pooled mean group (PMG) estimator. Macroeconomic...
Persistent link: https://www.econbiz.de/10011451631
The paper investigates the macroeconomic and financial effects of oil prices shocks in the euro area since its creation in 1999, with a special focus on the recent slump. The analysis is carried out episode by episode, within a time-varying parameter framework, consistent with the view that "not...
Persistent link: https://www.econbiz.de/10011451685