Showing 1 - 10 of 24
The paper explores the investment behaviour of German firms in the context of the Qapproach, which plays a dominant role in empirical investment research. The analysis is based on the Deutsche Bundesbank's corporate balance sheet statistics. The panel data set contains some 2,300 German firms'...
Persistent link: https://www.econbiz.de/10005083058
The paper investigates which impact housing costs have upon the tenure choice of households. In using the German "Einkommens- und Verbrauchsstichprobe 1993" a rich amount of both, individual household and dwelling data is available. By means of regression analysis hedonic rental costs and...
Persistent link: https://www.econbiz.de/10005027176
Persistent link: https://www.econbiz.de/10005542195
The histogram location approach has been proposed by Kahn (1997) to estimate the fraction of wage cuts prevented by downward nominal wage rigidity. In this paper, we analyze the validity of the approach by means of a simulation study which yielded evidence of unbiasedness but also of potential...
Persistent link: https://www.econbiz.de/10004975852
Persistent link: https://www.econbiz.de/10011093373
We analyze wage growth and changes in wage inequality in eleven European countries between 1994 and 2001. The data base used throughout is the User Data Base (UDB) of the European Community Household Panel (ECHP). The decomposition analysis is carried out independently for both genders....
Persistent link: https://www.econbiz.de/10010733908
Persistent link: https://www.econbiz.de/10010895261
We suggest a new parametric approach to estimate the extent of downward nominal wage rigidity in ten European countries between 1994 and 2001. The data base used throughout is the User Data Base (UDB) of the European Community Household Panel (ECHP). The proposed approach is based on the very...
Persistent link: https://www.econbiz.de/10009369556
We analyse differences between the wage distributions in the USA and Germany in 2001 both for women and men. The empirical analysis is based on the decomposition of differences using Cox's marginal (partial) likelihood. The approach based on rank invariant estimators such as Cox's is borrowed...
Persistent link: https://www.econbiz.de/10009368067
The study analyses the unconditional distribution of monthly S&P 500 stock index returns for the long-run time period 1871-2004. The return distribution can be adequately described by a mixture of two Gaussian normal distributions. However, when analysing sub-samples of this long-time horizon,...
Persistent link: https://www.econbiz.de/10004988257