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In this paper we present an econometric framework for modeling occupational choice that allows us to separately, and simultaneously, model supply-side and demand-side influences whilst allowing for potential ordering with regard to skill levels across occupations.
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There appears to be widespread consensus in industry and government that a switch from centralized bargaining to an enterprise based system benefits productivity. However, research suggests that the link between bargaining structures and worker productivity is dubious and that empirical research...
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At present, there appears to be no qualitative dependent model that can simultaneously account for data sets in which the variable of interest is potentially ordered but also has strong heterogeneity of the observed outcomes. This heterogeneity of particular outcomes, inherently attracts...
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The application of compositional data analysis methods in economics has some attraction. In particular, this methodology ensures that the stochastic component of budget share models will satisfy the restriction of shares to the unit simplex. The methodology relies upon the use of log-ratios in...
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