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Age structure of the workforce and firm performance

Grund, Christian; Westergård-Nielsen, Niels Christian - 2005

In this contribution, we examine the interrelation between corporate age structures and firm performance. In particular, we address the issues, whether firms with young rather than older employees are successful and whether firms with homogeneous or heterogeneous workforces are doing well....

Persistent link: https://www.econbiz.de/10010277249

The consequences of being different: Statistical discrimination and the school-to-work transition

Mueller, Barbara; Wolter, Stefan C. - 2011

When information about the true abilities of job-seekers and applicants are hard to get, statistical discrimination by employers can be an efficient strategy in the hiring and wage setting process. But statistical discrimination can induce costs, if labor relations cannot be terminated in the...

Persistent link: https://www.econbiz.de/10010277273

Money as an Indicator in the Euro Zone

van Zandweghe, Willem; Martinez Rico, Felipe; … - 2000

This paper attempts to evaluate the information content of money for the forecast of inflation, output, investment and consumption in the euro zone. It considers M1 and M3; a number of modifications to these aggregates is also proposed to enhance their forecast performance. The evaluation employs...

Persistent link: https://www.econbiz.de/10010277282

How changes in financial incentives affect the duration of unemployment

Lalive, Rafael; van Ours, Jan C.; Zweimüller, Josef - 2004

This paper studies how changes in the two key parameters of unemployment insurance – the benefit replacement rate (RR) and the potential duration of benefits (PBD) – affect the duration of unemployment. In 1989, the Austrian government made unemployment insurance more generous by changing,...

Persistent link: https://www.econbiz.de/10010277283

Forecasting quarterly German GDP at monthly intervals using monthly IFO business conditions data

Mittnik, Stefan; Zadrozny, Peter A. - 2004

Kalman-filtering-based maximum-likelihood estimation method. Following the method, we estimate monthly and quarterly VAR(2 … GDP forecasts. The Kalman filter is used to compute the likelihood in estimation and to produce forecasts. Generally, the …

Persistent link: https://www.econbiz.de/10010277284

Individual mortality and macro-economic conditions from birth to death

Lindeboom, Maarten; Portrait, France; van den Berg, … - 2003

This paper analyzes the effects of macro-economic conditions throughout life on the individual mortality rate. We estimate flexible duration models where the individual?s mortality rate depends on current conditions, conditions earlier in life (notably during childhood), calendar time, age,...

Persistent link: https://www.econbiz.de/10010277285

How Changes in Financial Incentives Affect the Duration of Unemployment

Lalive, Rafael; van Ours, Jan C.; Zweimüller, Josef - 2004

Persistent link: https://www.econbiz.de/10010277286

Generalized Selection Bias and the Decomposition of Wage Differentials

Yun, Myeong-Su - 1999

) when the two expectations are measured using the estimates from the joint estimation of the whole model (log-wages and …-wages, where the deterministic component is computed using the estimates from the joint estimation. That is, the GSB is the … expectation of the residuals estimated from the joint estimation. It is appropriate to apply the Blinder-Oaxaca decomposition …

Persistent link: https://www.econbiz.de/10010277288

Immigrants and Unemployment in the European Community: From the Eyes of Natives

Gang, Ira N.; Rivera-Batiz, Francisco L.; Yun, Myeong-Su - 1999

This paper examines whether immigrants increase the likelihood of unemployment among native-born workers in the European Union. Earlier papers measure the presence of immigrants in the local labor market by computing the share of the foreigners in specific regions. This paper, instead, utilizes...

Persistent link: https://www.econbiz.de/10010277289

Decomposition Analysis for a Binary Choice Model

Yun, Myeong-Su - 2000

This paper introduces a new and simple decomposition method for a binary choice model that is equivalent to the Blinder-Oaxaca decomposition analysis for wage differentials. The decomposition method is first developed for a single probit model and later generalized to a simultaneous equations...

Persistent link: https://www.econbiz.de/10010277290