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The widely used Oaxaca decomposition applies to linear models. Extending it to commonly used nonlinear models such as binary choice and duration models is not straightforward. This paper shows that the original decomposition using a linear model can be obtained as a first order Taylor expansion....
Persistent link: https://www.econbiz.de/10010900240
This paper examines how unemployment can be measured in normative fashion - taking into account the mean and inequality of spell lengths - and how the extent of unemployment can be estimated from cross section data of the type found in labour force surveys. The issue is not straightforward since...
Persistent link: https://www.econbiz.de/10010900241
Minimum wage fixing came to be increasingly questioned during the 1980s owing to high unemployment and the rise of liberal economic thinking. This led many countries to dilute minimum wage protection by freezing the rates or altering the coverage. However, close examination of the relevant...
Persistent link: https://www.econbiz.de/10014783618
Purpose Cross-section data suggest that the relationship between age and hourly earnings is an inverted U shape. Evidence from panel data does not necessarily confirm this finding suggesting that older workers may not experience a reduction in earnings at the end of their working life. The paper...
Persistent link: https://www.econbiz.de/10014784236
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Stochastic dominance has been typically used with a special emphasis on risk and in-equality reduction something captured by the concavity of the utility function in the expected utility model. We claim that the applicability of the stochastic dominance ap-proach goes far beyond risk and...
Persistent link: https://www.econbiz.de/10008854733
Jamendo is a website for the legal, free downloading of music. This platform of “free” online music, the biggest in the world, operates on the basis of Creative Commons licences. The survey presented here was carried out on a sample of 767 artists (solo musicians or groups) who are members...
Persistent link: https://www.econbiz.de/10010962096
This book takes a fresh look at the issue of job quality, analyzing employer behaviour and discussing the agenda for policy intervention. Between 1997 and 2002, more than twelve million new jobs were created in the European Union and labour market participation increased by more than eight...
Persistent link: https://www.econbiz.de/10014484728
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