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The Effect of Disability on Employment Allowing for Work Incapacity

O'Donnell, Owen - 1998

Previous modelling of the impact of disability on employment has failed to allow for a direct effect rendering some individuals capable of work. A model in which both a capacity and a desire for work are necessary conditions for employment is estimated from a sample of British disabled men....

Persistent link: https://www.econbiz.de/10010443314

Why has Work Effort become more intense? Conjectures and Evidence about Effort-Biased Technical Change and other stories

Green, Francis - 2000

I investigate possible explanations for work intensification, using four British data sets. I conjecture that an important source of work intensification is effort-biased technical change (EBTC), which enhances the productivity of high effort workers relative to that of low effort workers. EBTC...

Persistent link: https://www.econbiz.de/10010443337

Geography and Intra-National Home Bias: U.S. Domestic Trade in 1949 and 2007

Crafts, Nicholas; Klein, Alexander - 2013

This paper examines home bias in U.S. domestic trade in 1949 and 2007. We use a unique data set of 1949 carload waybill statistics produced by the Interstate Commerce Commission, and 2007 Commodity Flow Survey data. The results show that home bias was considerably smaller in 1949 than in 2007...

Persistent link: https://www.econbiz.de/10010443360

Remittances and Return Migration

Collier, William; Piracha, Matloob; Randazzo, Teresa - 2011

This paper utilises survey data of return migrants to analyse the determinants of remittances sent while the migrants were abroad. We approach our research question from the perspective of three sending countries in the Maghreb, namely Algeria, Morocco and Tunisia. We investigate the remittance...

Persistent link: https://www.econbiz.de/10010443365

Distribution, aggregate demand and productivity growth - theory and empirical results for six OECD countries based on a Post-Kaleckian model

Hein, Eckhard; Tarassow, Artur - 2008

Empirical research based on the Bhaduri/Marglin-variant of the Kaleckian model has recently shown that aggregate demand in many medium-sized and large open economies tends to be wage-led in the medium to long run, even in a period of increasing globalisation. In this paper we extend this type of...

Persistent link: https://www.econbiz.de/10010460467

Liquidity constraints versus loss aversion in household consumption: a simple reconciliation

van Treeck, Till - 2010

Various deviations from the Permanent Income consumption model with rational expectations have been discussed in the literature, including loss aversion and liquidity constraints. In the existing literature, these two types of consumption asymmetry are usually considered as mutually exclusive....

Persistent link: https://www.econbiz.de/10010460494

The NAIRU and the Extent of the Low-Pay Sector

Garz, Marcel - 2010

The creation of jobs in the low-pay sector is considered to be an approach to reduce unemployment, especially with respect to low-skilled workers. By now, the expansion of the German low-wage sector over the last 15 years is empirically confirmed, which indicates a successful implementation of...

Persistent link: https://www.econbiz.de/10010460495

Recession Forecasting with Dynamic Probit Models under Real Time Conditions

Proaño, Christian R. - 2010

pooled in order to decrease the volatility of the estimated recession probabilities and increase their forecasting accuracy …

Persistent link: https://www.econbiz.de/10010460497

The Great Moderation and the Decoupling of Monetary Policy from Long-Term Rates in the U.S. and Germany

Greenwood-Nimmo, Matthew; Shin, Yongcheol; van Treeck, Till - 2010

We apply the asymmetric ARDL model advanced by Shin, Yu and Greenwood-Nimmo (2009) to the analysis of the patterns of pass-through from policy-controlled interest rates to a variety of longer-term rates in the U.S. and Germany. Our results reveal three main phenomena. Firstly, while the e®ect...

Persistent link: https://www.econbiz.de/10010460498

Shifting Preferences at the Fed: Evidence from Rolling Dynamic Multipliers and Impulse Response Analysis

Greenwood-Nimmo, Matthew; Shin, Yongcheol - 2010

attribute these mixed estimation results to a raft of empirical issues from which many existing studies suffer, including bias … the operation of a Taylor-type rule, albeit with considerable inertia. We argue that estimation across rolling windows may … estimation provides substantial evidence that the inflation and output preferences of the Fed have varied through time …

Persistent link: https://www.econbiz.de/10010460499