Similar Search Results

Determinants of euro term structure of credit spreads

Van Landschoot, Astrid - 2004

In this paper, we analyze wether the sensitivity of credit spread changes to financial and macroeconomic variables depends on bond characteristics such as rating and maturity. First, we estimate the term structure of credit spreads for different rating categories by applying an extension of the...

Persistent link: https://www.econbiz.de/10011625718

Sectoral vs. country diversification benefits and downside risk

Emiris, Marina - 2004

Recently, the advantage of country diversification relative to sector diversification has been questioned especially against the background of the European monetary and financial integration. Correct estimates of the correlation matrix are central for the evaluation of the relative...

Persistent link: https://www.econbiz.de/10011625797

Basel II and operational risk : implications for risk measurement and management in the financial sector

Chapelle, Ariane; Crama, Yves; Hübner, Georges; … - 2004

This paper proposes a methodology to analyze the implications of the Advanced Measurement Approach (AMA) for the assessment of operational risk put forward by the Basel II Accord. The methodology relies on an integrated procedure for the construction of the distribution of aggregate losses,...

Persistent link: https://www.econbiz.de/10011626236

Inequalities within couples : market incomes and the role of taxes and benefits in Europe

Figari, Francesco; Immervoll, Herwig; Levy, Horacio; … - 2007

and women within couples in a selection of the member countries of the European Union (EU) using EUROMOD, the EU tax …

Persistent link: https://www.econbiz.de/10011631564

Do reservation wages really decline? : some international evidence on the determinants of reservation wages

Addison, John T.; Centeno, Mário; Portugal, Pedro - 2008

Using cross-country data, we investigate the determinants of reservation wages and their course over the jobless spell. Higher unemployment benefits lead to higher reservation wages. Further, again consistent with the basic search model, repeated observations on the same individual provide scant...

Persistent link: https://www.econbiz.de/10011631763

Why does unemployment hurt the employed? : evidence from the life satisfaction gap between the public and private sectors

Lüchinger, Simon; Meier, Stephan; Stutzer, Alois - 2008 - Version of: March 11, 2008

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well-being. This paper studies the importance of individual economic security, in particular, job security, in workers' well-being by exploiting sector-specific institutional differences...

Persistent link: https://www.econbiz.de/10011632445

Policy, institutional factors and earnings mobility

Sologon, Denisa Maria; O'Donoghue, Cathal - 2009

This paper uses ECHP and OECD data for 14 EU countries to explore the role of labour market factors in explaining cross …

Persistent link: https://www.econbiz.de/10011635027

Low pay persistence in European countries

Clark, Kenneth; Kanellopoulos, Nikolaos C. - 2009

Using panel data for twelve European countries over the period 1994-2001 we estimate the extent of state dependence in low pay. Controlling for observable and unobservable heterogeneity as well as the endogeneity of initial conditions we find positive, statistically significant state dependence...

Persistent link: https://www.econbiz.de/10011635616

Increased opportunity to move up the economic ladder? : earnings mobility in EU ; 1994-2001

Sologon, Denisa Maria; O'Donoghue, Cathal - 2009

Do EU citizens have an increased opportunity to improve their position in the distribution of earnings over time? This … question is answered by exploring short and long-term wage mobility for males across 14 EU countries between 1994 and 2001 …

Persistent link: https://www.econbiz.de/10011635901

Equalizing or disequalizing lifetime earnings differentials? : earnings mobility in the EU ; 1994-2001

Sologon, Denisa Maria; O'Donoghue, Cathal - 2009

Do EU citizens have an increased opportunity to improve their position in the distribution of lifetime earnings? To … and how does it differ across the EU? Our basic assumption is that mobility measured over a horizon of 8 years is a good … Shorrocks index, but the overall conclusions are not altered. Based on the Shorrocks (1978) index men across EU have an …

Persistent link: https://www.econbiz.de/10011636712