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Do temporary workers receive risk-premiums? Assessing the wage effects of fixed-term contracts in West-Germany by matching estimators compared with parametric apporaches

Hagen, Tobias - 2001

The wage effects of fixed-term contracts (FTCs) are analysed with the GSOEP for West Germany. Different estimators which take into account selection bias are used. It is shown that propensity score matching estimators which are usually applied for the evaluation of active labour market...

Persistent link: https://www.econbiz.de/10010297808

Are Credit Ratings Valuable Information?

Kraft, Kornelius; Czarnitzki, Dirk - 2004

Credit ratings are commonly used by lenders to assess the default risk, because every credit is connected with a possible loss. If the probability of a default is above a certain threshold, a credit will not be provided. The purpose of this paper is to test whether credit ratings contribute...

Persistent link: https://www.econbiz.de/10010297323

Map Intersection Based Merging Schemes for Administrative Data Sources and an Application to Germany

Arntz, Melanie; Wilke, Ralf A. - 2005

In many situations the applied researcher wants to combine different data sources without knowing the exact link and merging rule. This paper introduces a theoretical framework how two different regional administrative data sources can be merged. It presents different merging schemes based on...

Persistent link: https://www.econbiz.de/10010297429

Empirical determinants of employee resistance against innovations

Zwick, Thomas - 2000

Employee resistance against innovations is a virulent phenomenon and there is a broad theoretical literature on its determinants. The empirical evidence is scarce, however, and mainly provides descriptive evidence on the incidence of the phenomenon and concentrates on the effectiveness of change...

Persistent link: https://www.econbiz.de/10010297711

The Role of Transaction Costs and Risk Premia in the Determination of Climate Change Policy Responses

Stronzik, Marcus; Hunt, Alistair; Eckermann, Frauke; … - 2003

Transaction costs and risk have generally not been taken into account in assessing the Kyoto mechanisms JI, CDM and emissions trading. However, they can have a significant influence. With regard to the project-based mechanisms, the factor that most determines the influence of transaction costs...

Persistent link: https://www.econbiz.de/10010297308

Macro expectations, aggregate uncertainty, and expected term premia

Dick, Christian D.; Schmeling, Maik; Schrimpf, Andreas - 2010

Based on individual expectations from the Survey of Professional Forecasters, we construct a real-time proxy for expected term premium changes on long-term bonds. We empirically investigate the relation of these bond term premium expectations with expectations about key macroeconomic variables...

Persistent link: https://www.econbiz.de/10010302583

What Explains the Spread Between the Euro Overnight Rate and the ECB's Policy Rate?

Linzert, Tobias; Schmidt, Sandra - 2007

part be explained by the current liquidity deficit. Moreover, tight liquidity conditions as well as an increase in banks …? uncertainty about the liquidity conditions lead to a significant upward pressure on the spread. ECB?s liquidity policy only has a …

Persistent link: https://www.econbiz.de/10010297976

Scaling, unwinding and greening QE in a calibrated portfolio balance model

Riedler, Jesper; Koziol, Tina - 2021

We develop a portfolio balance model to analyze the impact of euro area quantitative easing (QE) on asset yields. Our model features two countries each populated by two agents representing their respective banking and mututal fund sectors. Agents, which differ in their preferences for assets,...

Persistent link: https://www.econbiz.de/10012698579

Business closure and financial loss: Who foots the bill? Evidence from German small business closures

Metzger, Georg - 2010

This paper explores how different reasons for business closure impact the probability that financial loss will be suffered by creditors. Using German small business data, the study finds that business closure due to financial problems is strongly correlated with a likelihood of financial loss....

Persistent link: https://www.econbiz.de/10010300384

Mean-risk hedging strategies in electricity markets with limited liquidity

Woll, Oliver - 2015

This article investigates mean risk hedging with respect to limited liquidity and studies the impact of different risk … the relevant hedging markets are characterized by limited liquidity. We enhance the approach in Woll and Weber (2015) to a … mean-risk optimization under limited liquidity, including the risk measures absolute and relative Value and Conditional …

Persistent link: https://www.econbiz.de/10011307509

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