Causal effects of a policy change on hazard rates of a duration outcome variable are not identified from a comparison of spells before and after the policy change, if there is unobserved heterogeneity in the effects and no model structure is imposed. We develop a discontinuity approach that...

The literature investigating unemployment duration in developing countries is rather scarce. In this paper, parametric and semi-parametric models are estimated to analyze the determinants of unemployment duration in a developing country context. Data from a nationally representative urban...

In 2005, the unemployment benefits for long-term unemployed were reduced inGermany. We investigate the effect of this reform on the transition probability fromunemployment to employment using a large German administrative spell data set (SIAB1975–2010). We estimate that the daily transition...

In the Netherlands, students who want to become a medical specialist have toenrol in a training program which is in limited supply. During the search for aposition as trainee (or "junior medical specialist"), they may accept atemporary job as a medical assistant. We use a micro data set to...

In this paper we simultaneously analyze transitions from unemployment to employment and to nonparticipation. We estimate a dependent competing risks model with nonparametric specifications of the destination-specific duration dependence and unobserved heterogeneity terms. We use a unique...

Fisher's equation for the determination of the real rate of interest is studied from a fresh econometric perspective. Some new methods of data description for nonstationary time series are introduced. The methods provide a nonparametric mechanism for modelling the spatial densities of a time...

This paper investigates the characteristics of the optimal posted price in the standard sequential search paradigm. Much of the intuition gleaned from the extensive sequential search literature in which the seller adopts a reservation price does not carry over to the posted price setting. For...

We compare auction revenues from discriminatory auctions and uniform price auctions in the case of the Korean treasury bonds auction market. For this purpose, we employ detailed bidder level data for each of 16 discriminatory auctions recently carried out in Korea. We first theoretically recover...

This paper surveys the current state of global empirical research on price setting behaviour at the firm level to evaluate the adequacy of pricing models used in the macro literature. To that end, it analyses the implications of 25 theoretical models (sticky information, menu costs, time...