type="main" xml:id="obes12068-abs-0001" <title type="main">Abstract</title> <p>In specifying a regression equation, we need to specify which regressors to include, but also how these regressors are measured. This gives rise to two levels of uncertainty: concepts (level 1) and measurements within each concept (level 2). In...</p>

type="main" xml:id="obes12043-abs-0001" <title type="main">Abstract</title> <p>This article considers methods for decomposing wage variation into individual and group specific components. We discuss the merits of these methods, which are applicable to variance decomposition problems generally. The relative magnitudes of the...</p>

type="main" xml:id="obes12028-abs-0001" <title type="main">Abstract</title> <p>We study the earnings losses of Finnish private sector workers who lost their jobs at two very different points in the business cycle. The first group wdisplad in 1992 (depression period) and the second one in 1997 (recovery period). The focal...</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>This study focuses on the estimation and predictive performance of several estimators for the dynamic and autoregressive spatial lag panel data model with spatially correlated disturbances. In the spirit of Arellano and Bond (1991) and Mutl (2006), a dynamic...</p>

type="main" xml:id="obes12027-abs-0001" <title type="main">Abstract</title> <p>In the extensive job search literature, studies assume either sequential or non-sequential search. This article introduces a novel method to test the hypothesis that firms search sequentially based on the relationship between the number of...</p>

type="main" xml:id="obes12034-abs-0001"> <title type="main">Abstract</title> <p>We correct an error from Halliday (2010) in which we explored the degree to which household size is measured with errors.

type="main" xml:lang="en" <title type="main">Abstract</title> <p>We consider unit root testing allowing for a break in trend when partial information is available regarding the location of the break date. This takes the form of knowledge of a relatively narrow window of data within which the break takes place, should it...</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>This article investigates the impact of institutions on bank efficiency and technology, using a stochastic frontier analysis of a data set of 7,959 banks across 136 countries over 10 years. The results confirm the importance of well-developed institutions for...</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>I employ a parsimonious model with learning, but without conditioning information, to extract time-varying measures of market-risk sensitivities, pricing errors and pricing uncertainty. The evolution of these quantities has interesting implications for...</p>

type="main" xml:lang="en" <title type="main">Abstract</title> <p>We consider the role of imperfect competition in explaining the relative price of non-traded to traded goods within the Balassa–Samuelson framework. Under imperfect competition in these two sectors, relative prices depend on both productivity and mark-up...</p>