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We evaluate the proposal for official dollarization in Costa Rica by applying a new approach to measure the business cycle comovements with the United States. While the literature often focuses on the correlation of shocks, we point out that the response of each country to the shocks is also an...
Persistent link: https://www.econbiz.de/10010276355
Typically, laboratory experiments suffer from homogeneous subject pools and self-selection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioral relevance. Here we present a method integrating interactive experiments and...
Persistent link: https://www.econbiz.de/10010276356
explanatory variables. This approach is applied to German survey data. Our estimation results suggest that a reduction in tobacco …
Persistent link: https://www.econbiz.de/10010276357
In several countries social assistance dependence has been increasing since the 1980s. After surveying the theoretical and empirical take-up literature, this study presents estimates of recent rates of non take-up of social assistance benefits. Once methodological shortcomings of prior...
Persistent link: https://www.econbiz.de/10010276361
application avoids micro-aggregation of the data and explicitly considers sampling weights in the econometric estimation. The …
Persistent link: https://www.econbiz.de/10010276376
Using a matched firm-worker dataset, we show both theoretically and empirically that positive assortative matching between firms and workers leads to an underestimation of the absolute value of wage elasticity of labor demand.
Persistent link: https://www.econbiz.de/10010276390
We apply the collective consumption model of Browning, Chiappori and Lewbel (2006) to analyse economic well-being and poverty among the elderly. The model focuses on individual preferences, a consumption technology that captures the economies of scale of living in a couple, and a sharing rule...
Persistent link: https://www.econbiz.de/10010276395
fixed-term contracts. The paper discusses problems arising in empirical estimation, and how to address them. It concludes …
Persistent link: https://www.econbiz.de/10010276402
This paper uses detailed information from a large wage survey in 2006 to analyze the gender wage gap in the performance-pay (PP) component of total hourly wages and its contribution to the overall gender gap in Spain. Under the assumption that PP is determined in a more competitive fashion than...
Persistent link: https://www.econbiz.de/10010276407
Credit risk is an important issue in many finance areas, such as the determination of cost of capital, the valuation of corporate bonds and pricing of credit derivatives. Credit risk has also been a cause and consequence of the current financial crisis. Thus, methods for measuring credit risk,...
Persistent link: https://www.econbiz.de/10010276410