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Persistent link: https://www.econbiz.de/10001537140
risk premia. The extent of this bias is substantial as verified by a bootstrap approach. We present an alternative …
Persistent link: https://www.econbiz.de/10009487229
Since 1999 an increase in magnitude and volatility of the credit spread is observable in the German bond market. This paper analyses the credit spread of German industrial bonds focussing on the one hand on the recent period of high volatility of the credit spread and on the other hand on...
Persistent link: https://www.econbiz.de/10010485421
Persistent link: https://www.econbiz.de/10002047985
Persistent link: https://www.econbiz.de/10009741195
expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and …We measure individual bias in labor market expectations in German survey data and find that workers on average … pessimistic than West Germans. We find a significantly negative relationship between the pessimistic bias in job separation …
Persistent link: https://www.econbiz.de/10014247564
expectations and wages, and a significantly positive relationship between optimistic bias in job finding expectations and …We measure individual bias in labor market expectations in German survey data and find that workers on average … pessimistic than West Germans. We find a significantly negative relationship between the pessimistic bias in job separation …
Persistent link: https://www.econbiz.de/10014466945
This paper jointly analyses the consequences of adverse selection and signalling on entry wages of skilled employees … job applicants based on apprenticeship wages. It shows that post-apprenticeship employer changers are a negative selection … from the training firms’ point of view. Negative selection leads to lower average wages of employer changersin the first …
Persistent link: https://www.econbiz.de/10009510171
Human capital theory predicts pecuniary returns to regional migration, but also positive self-selection of migrants. Therefore, when estimating the causal effect of migration one has to take care of potential self-selection. Several authors recommend using fixed effects models thereby...
Persistent link: https://www.econbiz.de/10009659947