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International stock return predictability under model uncertainty

Schrimpf, Andreas (contributor) - 2008

This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...

Persistent link: https://www.econbiz.de/10003728591

Unemployment persistence : is there evidence for stigma effects?

Biewen, Martin (contributor); Steffes, Susanne (contributor) - 2008

We present evidence for a highly significant interaction between state dependence in individual unemployment risk and the business cycle. The disadvantage from having been unemployed in the previous period is smaller in times of relatively high unemployment and larger in times of low...

Persistent link: https://www.econbiz.de/10003745095

Aggregate unemployment decreases individual returns to education

Ammermüller, Andreas (contributor); … - 2006

On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education level in a standard Mincer equation. Our results show...

Persistent link: https://www.econbiz.de/10003328091

Evaluating conditional asset pricing models for the German stock market

Schrimpf, Andreas (contributor); … - 2006

We study the performance of conditional asset pricing models in explaining the German cross-section of stock returns. Our test assets are portfolios sorted by size and book-to-market as in the paper by Fama and French (1993). Our results show that the empirical performance of the Capital Asset...

Persistent link: https://www.econbiz.de/10003356943

Aus der Not geboren? : Besondere Merkmale und Determinanten von Gründungen aus der Arbeitslosigkeit

Niefert, Michaela (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003283507

Beschäftigung und Arbeitslosigkeit älterer Arbeitnehmer : eine mikroökonometrische Evaluation der Arbeitslosengeldreform von 1997

Brüning, Eva M. (contributor); Wilke, Ralf A. (contributor) - 2006

Persistent link: https://www.econbiz.de/10003314698

Application of a simple nonparametric conditional quantile function estimator in unemployment duration analysis

Wichert, Laura (contributor); Wilke, Ralf A. (contributor) - 2005

The paper analyses the potential impact of stock market developments on lending behaviour from different perspectives. First we scrutinize the impact of stock market movements on the banks’ and on the borrowers’ balance sheets. Subsequently we estimate aggregate credit supply and demand...

Persistent link: https://www.econbiz.de/10003342766

Get training or wait? : Long-run employment effects of training programs for the unemploymed in West Germany

Fitzenberger, Bernd (contributor); … - 2006

estimates the long-run differential employment effects of three different types of training programs in West Germany. We use …

Persistent link: https://www.econbiz.de/10003338016

Oil and unemployment in Germany

Löschel, Andreas (contributor); … - 2009

In this paper, we analyze oil price impacts on unemployment for Germany. Firstly, we survey theoretical and empirical … framework of a vector autoregression (VAR) approach for Germany. For this purpose, we use three different specifications in … restricted sample period for post-unification Germany, we oppose claims that the oil to macroeconomy relationship has weakened …

Persistent link: https://www.econbiz.de/10003806166

New insights on unemployment duration and post unemployment earnings in Germany : censored box-cox quantile regression at work

Fitzenberger, Bernd (contributor); … - 2007

periods and the size of unemployment benefits on unemployment durations and post{unemployment earnings in West Germany. For …

Persistent link: https://www.econbiz.de/10003435417

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