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We use an extensive,matched employer-employee dataset to analyze the employer-size wage relation and its contribution to wage inequality in Germany. Applying models with additive fixed effects for workers and establishments, we document that the large firm wage premium, which has risen over 25...
Persistent link: https://www.econbiz.de/10012180655
We compare winning and losing firms in lotteries for H-1B visas, matching administrative data on these lotteries to administrative tax data on U.S. firms and to approved U.S. patents. Winning one additional H-1B visa crowds out about 1.5 other workers at the firm. Additional H-1Bs have...
Persistent link: https://www.econbiz.de/10013169915
We use an extensive, matched employer-employee dataset to analyze the employersize wage relation and its contribution to wage inequality in Germany. Applying models with additive fixed effects for workers and establishments, we document that the large firm wage premium, which has risen over 25...
Persistent link: https://www.econbiz.de/10012171569
A new algorithm for clustering life course trajectories is presented and tested with large register data. Life courses are represented as sequences on a monthly timescale for the working-life with an age span from 16–65. A meaningful clustering result for this kind of data provides interesting...
Persistent link: https://www.econbiz.de/10008901833
In continuous-time stochastic calculus a limit in probability is used to extend the definition of the stochastic integral to the case where the integrand is not square-integrable at the endpoint of the time interval under consideration. When the extension is applied to portfolio strategies,...
Persistent link: https://www.econbiz.de/10009768154
A new algorithm for clustering life course trajectories is presented and tested with large register data. Life courses are represented as sequences on a monthly timescale for the working-life with an age span from 16-65. A meaningful clustering result for this kind of data provides interesting...
Persistent link: https://www.econbiz.de/10013129988
In continuous-time stochastic calculus a limit in probability is used to extend the definition of the stochastic integral to the case where the integrand is not square-integrable at the endpoint of the time interval under consideration. When the extension is applied to portfolio strategies,...
Persistent link: https://www.econbiz.de/10013088860
An application of the Stokes' theorem is illustrated by solving the two state problem, with inequality constraints, of Dobell and Ho concerning the optimal investment of resources. Whenever applicable, the Stokes' theorem approach seems to be elegant and parsimonious
Persistent link: https://www.econbiz.de/10013071076
We analyze the sources of changes in the distribution of hourly wages in the United States using CPS data for the … annual hours of work and estimating a nonseparable model of wages which uses a control function to account for selection … distribution. We decompose changes in the distribution of wages into composition, structural and selection effects. Composition …
Persistent link: https://www.econbiz.de/10012122973
composition, structural and selection effects. Composition effects have increased wages at all quantiles but the patterns of wage …
Persistent link: https://www.econbiz.de/10011959185