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This study contributes to the understanding of behavioural responses to climate change induced extreme weatherevents. It suggest a microeconometric method for measuring flooding related risk preferences of affectedindividuals. The method is outlined using the empirical case of agricultural...
Persistent link: https://www.econbiz.de/10009442826
the one hand, lower reservation wages reduce unemployment duration, but on the other hand, agents have shorter spells of …
Persistent link: https://www.econbiz.de/10009450193
ofincidence and duration and find that most variables have the same effect on both.Unemployment is concentrated among relatively … well-educated first time job seekerswho come from the middle classes. Mean duration of unemployment is close to fouryears …
Persistent link: https://www.econbiz.de/10009441517
The USDA Farm Service Agency (FSA) direct farm loan program is designed to provide credit to family-sized farms unable to obtain credit from conventional sources at reasonable rates and terms despite having sufficient cash flow to repay and an ability to fully securitize the loan. FSA policy...
Persistent link: https://www.econbiz.de/10009444619
We reconsider the efficiency bound for the semi-parametric Mixed Proportional Hazard (MPH) model with parametric baseline hazard and regression function. This bound was first derived by Hahn (1994). One of his results is that if the baseline hazard is Weibull, the efficiency bound is singular,...
Persistent link: https://www.econbiz.de/10009447225
In this paper, we compile a unique historical dataset that records strike activity in theBritish engineering industry from 1920 to 1970. These data have the advantage ofcontaining a fairly homogenous set of companies and workers, covering a long periodwith varying labour market conditions,...
Persistent link: https://www.econbiz.de/10009465834
Duration is an important and well-established risk characteristic for fixed income securities. We use recent … developments in financial statement analysis research to construct a measure of duration for equity securities. We find that the … volatility and stock beta are both positively correlated with equity duration. Moreover, estimates of common shocks to expected …
Persistent link: https://www.econbiz.de/10009477256
Count data with excess zeros relative to a Poisson distribution are common in many biomedical applications. A popular approach to the analysis of such data is to use a zero-inflated Poisson (ZIP) regression model. Often, because of the hierarchical Study design or the data collection procedure,...
Persistent link: https://www.econbiz.de/10009448821