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market. At the same time, education is a time-consuming process, and enrolment and dropout decisions depend on expected … in finding a job. Standard models of job search and education assume that skills can be upgraded instantaneously (and … mostly in the form of on-the-job training) at a fixed cost. This paper models education as a time-consuming process, a …
Persistent link: https://www.econbiz.de/10003189636
becomes higher but there is no persistence of the supply shock. Higher education prevents this intertemporal multiplication of …
Persistent link: https://www.econbiz.de/10011410676
Trade unions are consistently found to compress the wage distribution. Moreover, unemployment affects in particular low-skilled workers. The present paper argues that an extended Right-to-Manage model can account for both of these findings. In this model unions compress the wage distribution by...
Persistent link: https://www.econbiz.de/10003422977
Given asymmetric information, this paper explores the need for non-tenure-track jobs in academia alongside the usual tenure-track positions. It also explains the coexistence of these two types of jobs in research universities as an equilibrium phenomenon. The increased effort needed to produce...
Persistent link: https://www.econbiz.de/10011820216
A measurement error model is a regression model with (substantial) measurement errors in the variables. Disregarding these measurement errors in estimating the regression parameters results in asymptotically biased estimators. Several methods have been proposed to eliminate, or at least to...
Persistent link: https://www.econbiz.de/10003135841
We develop new distribution discontinuity tests conditional on multiple explanatory variables for analyzing meet-or-just-beat behavior around benchmarks. These tests combine Burgstahler and Dichev's (1997) meet-or-just-beat intuition with a flexible statistical model that addresses important...
Persistent link: https://www.econbiz.de/10012900083
We argue in this paper that it is more feasible to use binary variables and logistic regression analyses in the assessments of AIDS incidents o or other similar researches in social science. Thus, even in measuring disease persistence we can reach solid and comprehensive results. Statistical...
Persistent link: https://www.econbiz.de/10014041020
In this work the precision and stability of the forecasts of Chile's unemployment rates are analyzed. Said models were obtained by a family of SARIMA (Seasonal Autoregressive Integrated Moving Average) models, between February 1986 and February 2010. The SARIMA projections are compared with the...
Persistent link: https://www.econbiz.de/10013103283
The present paper develops a simple asymmetrical informational model that allows us to understand the individual´s willingness to participate in a strike. We develop and compare two signaling models of strikes: in one, firms are able to monitor and enforce hours and offer different workweeks to...
Persistent link: https://www.econbiz.de/10011512984
Authors often add covariates to a base model sequentially either to test a particular coefficient's “robustness” or to account for the “effects” on this coefficient of adding covariates. This is problematic, due to sequence-sensitivity when added covariates are intercorrelated. Using the...
Persistent link: https://www.econbiz.de/10013071049