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Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the …
Persistent link: https://www.econbiz.de/10009432547
We reconsider the efficiency bound for the semi-parametric Mixed Proportional Hazard (MPH) model with parametric baseline hazard and regression function. This bound was first derived by Hahn (1994). One of his results is that if the baseline hazard is Weibull, the efficiency bound is singular,...
Persistent link: https://www.econbiz.de/10009447225
Duration is an important and well-established risk characteristic for fixed income securities. We use recent … developments in financial statement analysis research to construct a measure of duration for equity securities. We find that the … volatility and stock beta are both positively correlated with equity duration. Moreover, estimates of common shocks to expected …
Persistent link: https://www.econbiz.de/10009477256
einer duration-basierten Analyse ermitteln. Die ökonomischen Konsequenzen werden auf der Grundlage der Arbitragetheorie …
Persistent link: https://www.econbiz.de/10009452486
By using a broker, the owner of a house can speed up his search for buyers but must pay a percentage of the sale price as a commission. Nonstationarities inherent in the housing market may make it optimal to market a house “by-owner” at the outset and to retain a broker only if the house...
Persistent link: https://www.econbiz.de/10009477288
" UI claimants to determine their probability of benefit exhaustion (or expected spell duration) and then provides …
Persistent link: https://www.econbiz.de/10009447222
unemployment insurance (UI) claimants to reemployment services based on the predicted duration of their UI claim. We place … possible to effectively predict the duration of UI spells, but that effectively doing so requires using more covariates than … services does not appear to vary with expected duration of the UI spell, indicating that UI profiling in Kentucky does not …
Persistent link: https://www.econbiz.de/10009447227
empresas ; We study how unemployment benefit eligibility affects the layoff exit rate by exploiting quasiexperimental variation … 12% in the layoff probability when unemployment benefit eligibility is attained, which persists for about 16 weeks. These …
Persistent link: https://www.econbiz.de/10012532163
Para moderar las caídas en la producción y en los ingresos que afectan a determinados Estados o regiones, los países y las uniones monetarias disponen de mecanismos de reparto de riesgos. Estos mecanismos funcionan estabilizando las rentas de los hogares de forma que las fluctuaciones de la...
Persistent link: https://www.econbiz.de/10014573633
In this paper, we develop a methodology to summarize the various policy parameters of an unemployment insurance scheme … into a single generosity parameter. Unemployment insurance policies are multdimensional objects. They are typically defined … by waiting periods, eligibility duration, benefit levels and asset tests when eligible, which makes intertemporal or …
Persistent link: https://www.econbiz.de/10009430128