Showing 670,651 - 670,660 of 675,633
This paper proposes a decomposition of the composition effect, i.e. the part of the observed between-group difference in the distribution of some economic outcome that can be explained by differences in the distribution of covariates. Our decomposition contains three types of components: (i) the...
Persistent link: https://www.econbiz.de/10010282410
model. The procedure is straightforward to implement, is consistent against fixed alternatives, has non-trivial power …
Persistent link: https://www.econbiz.de/10010282420
This paper analyzes the life-cycle career costs associated with child rearing and decomposes their effects into unearned wages (as women drop out of the labor market), loss of human capital, and selection into more child-friendly occupations. We estimate a dynamic life-cycle model of fertility,...
Persistent link: https://www.econbiz.de/10010282438
Firms are more productive on average in larger cities. Two main explanations have been offered: firm selection (larger cities toughen competition, allowing only the most productive to survive) and agglomeration economies (larger cities promote interactions that increase productivity), possibly...
Persistent link: https://www.econbiz.de/10010282439
This paper considers testing the hypothesis that errors in a panel data model are weakly cross sectionally dependent, using the exponent of cross-sectional dependence α, introduced recently in Bailey, Kapetanios and Pesaran (2012). It is shown that the implicit null of the CD test depends on...
Persistent link: https://www.econbiz.de/10010282441
This paper provides a simple model which explains the choice between permanent and temporary jobs. This model, which incorporates important features of actual employment protection legislations neglected by the economic literature so far, reproduces the main stylized facts about entries into...
Persistent link: https://www.econbiz.de/10010282449
The pregibit discrete choice model is built on a distribution that allows symmetry or asymmetry and thick tails, thin tails or no tails. Thus the model is much richer than the traditional models that are typically used to study behavior that generates discrete choice outcomes. Pregibit nests...
Persistent link: https://www.econbiz.de/10010282457
In this paper, we propose a method to evaluate the effect of a counterfactual change in the unconditional distribution of a single covariate on the unconditional distribution of an outcome variable of interest. Both fixed and infinitesimal changes are considered. We show that such effects are...
Persistent link: https://www.econbiz.de/10010282458
We develop a theory of endogenous political entrenchment in a simple two-party dynamic model of income redistribution … income of its own constituency, the lower class, in order to consolidate its future political power. Such policies increase … in power. Finally, we show that, in a more general framework, the entrenchment policies can be implemented also by the …
Persistent link: https://www.econbiz.de/10010282469
, indicating considerable ease of mobility, partial bargaining power, and inelastic demand. …
Persistent link: https://www.econbiz.de/10010282477