Showing 1 - 10 of 15
We provide a new definition of breakdown in finite samples with an extension to asymptotic breakdown. Previous definitions center around defining a critical region for either the parameter or the objective function. If for a particular outlier constellation the critical region is entered,...
Persistent link: https://www.econbiz.de/10010324408
This paper presents new evidence on intergenerational income and earnings mobility in the top of the distributions. Using a large dataset of matched father-son pairs in Sweden we are able to obtain results for fractions as small as 0.1 percent of the population. Overall, mobility is lower for...
Persistent link: https://www.econbiz.de/10010269282
This paper presents new evidence on intergenerational mobility in the top of the income and earnings distribution. Using a large dataset of matched father-son pairs in Sweden, we find that intergenerational transmission is very strong in the top, more so for income than for earnings. In the...
Persistent link: https://www.econbiz.de/10010320406
Weather data bases are important in optimizing a range of economic activities, such as maritime traffic. In this paper, a statistical analysis of data has been carried out, which includes the interpretation of the results with an emphasis on the analysis of consequences for local population. The...
Persistent link: https://www.econbiz.de/10011920409
I explore the implications of the lumpy labor adjustment as a propagation mechanism for aggregate dynamics. The model I use nests the basic RBC model with a staggered-job-turnover in the spirit of Taylor (1980) and Calvo (1983). It extends this approach by introducing a Weibull-distributed labor...
Persistent link: https://www.econbiz.de/10010263723
I explore the aggregate effects of micro lumpy labor adjustment in a prototypical RBC model, which embeds a stochastic labor duration mechanism in the spirit of Calvo(1983), and it extends this approach by introducing a Weibull-distributed labor adjustment process to capture the increasing...
Persistent link: https://www.econbiz.de/10010263744
This paper discusses techniques to generate survival times for simulation studies regarding Cox proportional hazards models. In linear regression models, the response variable is directly connected with the considered covariates, the regression coefficients and the simulated random errors. Thus,...
Persistent link: https://www.econbiz.de/10010266139
This paper explores implications of nominal rigidity characterized by a non-constant hazard function for aggregate dynamics. I derive the NKPC under an arbitrary hazard function and parameterize it with the Weibull duration model. The resulting Phillips curve involves lagged inflation and lagged...
Persistent link: https://www.econbiz.de/10010270718
This paper aims to analyze the characteristic of wind speed data in Al-Salman site - Iraq using Weibull distribution. Maximum likelihood method (MLM) was used to find out two essential Weibull parameters. The best wind distribution was described by using probability density function and...
Persistent link: https://www.econbiz.de/10012652344
As a clean and highly valuable renewable energy, wind energy has gradually become an important branch of energy technology. By means of measurement methods, the wind characteristics, energy applications for distributed wind energy source (DWES) in six sites in Henduan Mountains and economic...
Persistent link: https://www.econbiz.de/10012652461