Transition from socialist to capitalist economy led to enormous changes in earnings and employment. In our study a long-horizon descriptive analysis is presented about the major trends, including the last fifteen years of socialism. Education, gender, calendar time, age and vintage effects are...

A tanulmány egy intertemporális statisztikai modell segítségével vizsgálja a magyarországi munkanélküliség regionális egyenlőtlenségeit az 1990 és 1995 közötti időszakban. A vizsgált időszak egészében a cigány népesség aránya, illetve a körzetek átlagos...

We provide sufficient conditions for the validity of the first-order approach for two period dynamic moral hazard problems, where the agent can save and borrow secretly. We show that in addition to the concavity requirements for the standard moral hazard problem, non-increasing absolute risk...

We provide sufficient conditions for the validity of the first-order approach for two-period dynamic moral hazard problems where the agent can save and borrow secretly. The first-order approach is valid if the following conditions hold: (i) the agent has non-increasing absolute risk aversion...