New college graduates must choose whether to stay in the geographic area where they completed their degree or move to a new location to begin their careers. This paper classifies 41 U.S. metropolitan areas as “college towns” and investigates differences in employment outcomes between college...

The identification of real estate cycles has always been an important issue in the study of real estate. This paper selected as indicators the Composite Leading Index and Reference Cycle Index regarding the real estate cycles in Taiwan, as they incorporate real estate activities, such as...

Current account deficit has been a popular research topic among Turkish economists. The study investigates the relation between current account deficit of Turkey and house prices in the country. This paper uses the classical linear regression model and this is run for three times. The results of...

In den zentralasiatischen Ländern Kirgistan und Tadschikistan müssen viele Erwachsene ihre Familien zeitweilig verlassen, um sich in anderen Regionen oder Ländern einen Arbeitsplatz zu suchen. Die Geldüberweisungen an die Familien stellen in beiden Ländern einen erheblichen wirtschaftlichen...

A standard object of empirical analysis in labor economics is a modified Mincer wage function in which an individual’s log wage is a function of education, experience, and race. We analyze this approach in a context where individuals live and work in different locations (thus facing different...

This paper aims to provide a frame of mind to understand the link between structural change and regional unemployment, and, based on it, to survey the most recent literature. An overly optimistic view on the ability of the adjustment mechanism to generate convergence in local unemployment rates...

We test the hypothesis that exits from the labor market for pre-retirement individuals in Spain respond mainly to economic conditions and to incentives by analyzing two effects. First, we test the existence of spillover effects from a reform of the old-age pension system on transitions from...

Monthly wage series with quarterly periodicity between December 1994 and December 2004 for thirteen regions in Chile are presented in this paper. These series are based on the information recollected by the Superintendencia de Fondos de Pensiones (Pensions Fund Superintendence), but are...

While many studies have demonstrated the impact of weather conditions along with lunar phases on stock markets, this paper explores the impact of lunar phases on the bank lending channel for a sample of European banks, using the GMM estimator methodology, suggested in Arellano and Bond (1991),...

In this study, we used the PSTR (panel smooth transition regression) model to investigate the nonlinear relationship between beta (systematic risk) and returns (world market excess returns) for net oil export and net oil import groups. We set the volatility of world market excess return as the...