Showing 1 - 10 of 7,170
Persistent link: https://www.econbiz.de/10000011970
This paper presents and compares several time-series models for returns of broadbased stock indices. These models nest a nonlinear asymmetric GARCH (NGARCH) model as a special case. Some of these models are empirically motivated ad-hoc specifications others are derived from a representative...
Persistent link: https://www.econbiz.de/10010297345
A model is presented for simulating the tax burden on highly skilled manpower. The effective average tax rate, defined as the relative wedge between total remuneration and disposable income, is computed. Income and payroll taxes and social security contributions not yielding an equivalent...
Persistent link: https://www.econbiz.de/10010297384
The study provides evidence for the rationale of wage rigidity in Germany compared to the United States. Based on a survey of 801 firms, we extend the study of Campbell and Kanlani (1997, this journal) by using more thorough econometric methods, for example, and find strong support for...
Persistent link: https://www.econbiz.de/10010297890
This paper analyzes whether Taylor-type policy rules can be used to describe the behavior of the Federal Reserve and the European Central Bank from the beginning of 1999 until mid 2002. Since there was no common monetary policy for the Euro area before 1999, we examine if the average Central...
Persistent link: https://www.econbiz.de/10010298135
This paper analyzes how the implicit difference in time horizons between refugees and economic immigrants affects subsequent human capital investments and wage assimilation. The analysis uses the 1980/1990 Integrated Public Use Samples of the Census to study labor market outcomes of immigrants...
Persistent link: https://www.econbiz.de/10010261826
It is well known that children reared in non-intact families on average have less favorable educational outcomes than children reared in two-parent families. Evidence from the United States and Sweden indicates that living in a non-intact family is correlated with lower educational attainment....
Persistent link: https://www.econbiz.de/10010262010
This paper estimates the effects of family-background characteristics on student performance in the US and 17 Western European school systems. Family background has strong effects both in Europe and the United States, remarkably similar in size. France and Flemish Belgium achieve the most...
Persistent link: https://www.econbiz.de/10010262033
The wage policy of a German and a U.S. firm is comparatively analysed with a focus on the relation between wages and hierarchies. While prior studies examine only one particular firm, in this paper two plants of the same owners with similar production processes in different institutional...
Persistent link: https://www.econbiz.de/10010262620
This paper suggests that in the US context, workers tend to invest in general human capital especially since they face little employment protection and low unemployment benefits, while the European model (generous benefits and higher duration of jobs) favors specific human capital investments....
Persistent link: https://www.econbiz.de/10010262696