Slope coefficients in rank-rank regressions are popular measures of intergenerational mobility, for instance in regressions of a child's income rank on their parent's income rank. In this paper, we first point out that commonly used variance estimators such as the homoskedastic or robust...

This paper uses Monte Carlo techniques to assess the loss in terms of forecast accuracy which is incurred when the true DGP exhibits parameter instability which is either overlooked or incorrectly modelled. We find that the loss is considerable when a FCM is estimated instead of the true TVCM,...

The paper discusses the nested logit model for choices between a set of mutually exclusive alternatives (e.g. brand choice, strategy decisions, modes of transportation, etc.). Due to the ability of the nested logit model to allow and account for similarities between pairs of alternatives, the...

Die High-Level-Group for the Modernization of Official Statistics der Wirtschaftskommission der Vereinten Nationen für Europa hatte für die Jahre 2019 und 2020 ein Machine-Learning-Projekt initiiert. Das Projekt ermöglichte die Durchführung von Pilotstudien, um den Mehrwert maschinellen...