Die deutlichen Unterschiede in der regionalen Verteilung und Integration von Zugewanderten wirkt sich auch auf die strukturellen Rahmenbedingungen von Jobcentern aus. Vor diesem Hintergrund untersucht die vorliegende Machbarkeitsstudie, inwiefern das IAB-Verfahren der Typisierung von...

This paper extends the stochastic dominance rules for normal mixture distributions derived by Levy and Kaplanski (2015). First, the portfolios under consideration are allowed to follow different regime-switching processes. Second, the results are extended from second- to fourth-order stochastic...

We consider a multivariate Markov-switching GARCH model which allows for regime-specific volatility dynamics, leverage effects, and correlation structures. Stationarity conditions are derived, and consistency of the maximum likelihood estimator (MLE) is established under the assumption of...

Azzalini's skew-normal distribution is an attractive tool for modeling the skewness observed in many economic and financial variables. Formulas for the odd moments of the skew-normal distribution have been given by Henze (1986) and, more recently, Martinez et al. (2008). This note provides a...