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First, we give a closed-form formula for first passage time of a reflected Brownian motion with drift. This corrects a formula by Perry et al. (2004). Second, we show that the maximum before a fixed drawdown is exponentially distributed for any drawdown, if and only if the diffusion...
Persistent link: https://www.econbiz.de/10012127939
I analyze the matching process in the Spanish labor market from 1994-2005. I use monthly registered unemployment data … queuing model, which is the most relevant description of the labor market matching process in Spain, according to the …
Persistent link: https://www.econbiz.de/10011452859
I analyze the matching process in the Spanish labor market from 1994-2005. I use monthly registered unemployment data … queuing model, which is the most relevant description of the labor market matching process in Spain, according to the …
Persistent link: https://www.econbiz.de/10012994789
aligning these blocks into a bootstrap sample. Recently, several matching schemes for the block bootstraps have been suggested … to improve its performance by reduction of bias [Bernoulli 4 (1998), 305]. The matching schemes are usually achieved by … aligning with higher likelihood those blocks which match at their ends. The kernel matching scheme we consider here takes some …
Persistent link: https://www.econbiz.de/10014072946
In this paper we estimate aggregate matching functions taking advantage of a rich data base that enables us to compute … observations on the variables in the matching function at (virtually) any frequency to assess the importance of the time … stock-slow matching. Finally, we assess the contribution of labour market programme participants to matching.Our evidence …
Persistent link: https://www.econbiz.de/10010317924
Die Entwicklung von Arbeitslosigkeit und Beschäftigung wird maßgeblich von den Übergängen auf dem Arbeitsmarkt beeinflusst. Daniela Nordmeier analysiert die Übergänge von Arbeitskräften, also Einstellungen und Entlassungen, im konjunkturellen Kontext. Dabei stützt sie sich auf...
Persistent link: https://www.econbiz.de/10014433964
trends in empirical matching functions. We investigate whether these trends simply arise from omitted variable bias … variable bias. As suggested by this result, we present evidence that empirical matching functions can be interpreted as … versions of the law of motion for vacancies: the coefficients in matching functions coincide with the coefficients in the law …
Persistent link: https://www.econbiz.de/10009651100
trends in empirical matching functions. We investigate whether these trends simply arise from omitted variable bias … variable bias. As suggested by this result, we present evidence that empirical matching functions can be interpreted as … versions of the law of motion for vacancies: the coefficients in matching functions coincide with the coefficients in the law …
Persistent link: https://www.econbiz.de/10010592463