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Minimum wage not yet for everyone : on the compensation of eligible workers before and after the minimum wage reform from the perspective of employees

Burauel, Patrick; Caliendo, Marco; Fedorets, Alexandra; … - In: DIW economic bulletin 7 (2017) 49, pp. 509-522

Calculations based on data from the Socio-Economic Panel (SOEP) show that after the introduction of a statutory minimum wage in Germany in January 2015, the wage growth of eligible employees with low wages accelerated significantly. Before the reform, the nominal growth in contractual hourly...

Persistent link: https://www.econbiz.de/10011762753

Mindestlohn noch längst nicht für alle : zur Entlohnung anspruchsberechtigter Erwerbstätiger vor und nach der Mindestlohnreform aus der Perspektive Beschäftigter

Burauel, Patrick; Caliendo, Marco; Fedorets, Alexandra; … - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 84 (2017) 49, pp. 1109-1123

Berechnungen auf Basis des Sozio-oekonomischen Panels (SOEP) zeigen, dass sich nach der Einführung des Mindestlohns im Januar 2015 das Lohnwachstum der anspruchsberechtigten Beschäftigten mit niedrigen Löhnen deutlich beschleunigt hat: So lag das nominale Wachstum bei den vertraglichen...

Persistent link: https://www.econbiz.de/10011762955

Mindestlohn : Stundenlöhne steigen, aber Monatsentgelte stagnieren

Caliendo, Marco; Fedorets, Alexandra; Schröder, Carsten - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 85 (2018) 27, pp. 599-608

Berechnungen auf Basis des Sozio-oekonomischen Panels (SOEP) zeigen, dass sich nach der Einführung des Mindestlohns in Deutschland im Jahr 2015 das Wachstum der Stundenlöhne für die anspruchsberechtigten Beschäftigten gerade im unteren Bereich der Stundenlohnverteilung beschleunigt hat. So...

Persistent link: https://www.econbiz.de/10011869444

Pricing High-Dimensional American Options Using Local Consistency Conditions

Schumacher, Johannes M.; Berridge, S.J. - Tilburg University, Center for Economic Research - 2004

We investigate a new method for pricing high-dimensional American options. The method is of finite difference type but is also related to Monte Carlo techniques in that it involves a representative sampling of the underlying variables.An approximating Markov chain is built using this sampling...

Persistent link: https://www.econbiz.de/10011091303

Using Localised Quadratic Functions on an Irregular Grid for Pricing High-Dimensional American Options

Schumacher, Johannes M.; Berridge, S.J. - Tilburg University, Center for Economic Research - 2004

We propose a method for pricing high-dimensional American options on an irregular grid; the method involves using quadratic functions to approximate the local effect of the Black-Scholes operator.Once such an approximation is known, one can solve the pricing problem by time stepping in an...

Persistent link: https://www.econbiz.de/10011091409

An Irregular Grid Approach for Pricing High-Dimensional American Options

Schumacher, Johannes M.; Berridge, S.J. - Tilburg University, Center for Economic Research - 2004

We propose and test a new method for pricing American options in a high-dimensional setting.The method is centred around the approximation of the associated complementarity problem on an irregular grid.We approximate the partial differential operator on this grid by appealing to the SDE...

Persistent link: https://www.econbiz.de/10011091486

Using the EU-SILC to model the impact of the economic crisis on inequality

O'Donoghue, Cathal; Loughrey, Jason; Morrissey, Karyn - In: IZA journal of European Labor Studies 2 (2013), pp. 1-26

confidence in our methodology. We utilised the framework to model changes in the level of income inequality from the period just …, we found that income inequality fell in the early part of the crisis modelled in this paper. Much of this change was due … to rising inequality of market incomes, (even when discounting unemployment). This was due to the differential effect of …

Persistent link: https://www.econbiz.de/10010251375

A practical, universal, information criterion over Nth order Markov processes

Barde, Sylvain - 2015

The recent increase in the breath of computational methodologies has been matched with a corresponding increase in the difficulty of comparing the relative explanatory power of models from different methodological lineages. In order to help address this problem a universal information criterion...

Persistent link: https://www.econbiz.de/10011445288

Macroeconomic simulation comparison with a multivariate extension of the Markov Information Criterion

Barde, Sylvain - 2019

Comparison of macroeconomic simulation models, particularly agent-based models (ABMs), with more traditional approaches such as VAR and DSGE models has long been identified as an important yet problematic issue in the literature. This is due to the fact that many such simulations have been...

Persistent link: https://www.econbiz.de/10012388821

Economía artificial: Una valoración crítica

Izquierdo, Segismundo S.; Izquierdo, Luis R.; Galán, … - In: Revista de Métodos Cuantitativos para la Economía y … 22 (2016), pp. 36-54

Artificial Economics is one of the fastest growing approaches to analyse complex socio-economic systems. In this paper we present our views on the distinguishing features of Artificial Economics and on its relation with Theoretical Economics - the field that in our opinion lies closest to...

Persistent link: https://www.econbiz.de/10011787590