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-studied phenomenon. However, people might already adjust their labour supply when their partner is at risk of losing his/her job. Using … household member is at risk of losing his/her job, the partner is 30% more likely to enter the labour market (extensive margin …, while the high-educated wait for this risk to materialise. …
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This paper proposes a latent dynamic factor model for low- as well as high-dimensional realized covariance matrices of stock returns. The approach is based on the matrix logarithm and allows for flexible dynamic dependence patterns by combining common latent factors driven by HAR dynamics and...
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