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This paper proposes a new bivariate competing risks model in which both durations are the first passage times of dependent Lévy subordinators with exponential thresholds and multiplicative covariates effects. Our specification extends the mixed proportional hazards model, as it allows for the...
Persistent link: https://www.econbiz.de/10012213979
This paper proposes a novel system-wide multi-state framework to model state occupations and the transitions among current, delinquency, default, prepayment, repurchase, short sale and foreclosure on mortgage loans. The approach allows for the modelling of the progression of borrowers from one...
Persistent link: https://www.econbiz.de/10012293007
Predictions of the individual unemployment duration will allow to distribute target support while searching for a job more effectively. The paper uses survival models to predict the unemployment duration based on data from Russian employment centers in 2017-2021. The dataset includes...
Persistent link: https://www.econbiz.de/10015396287
Analysis of the relationship between taxes and self-employment should account for the interplay between responses in self-employment and wage employment. To this end, we estimate a two-state multi-spell duration model which accounts for both observed and unobserved heterogeneity using a large...
Persistent link: https://www.econbiz.de/10012508548
Despite informality being the norm in conflict-affected countries, most estimates of the impact of conflict on economic … activity rely on formal sector data. Using high-frequency data from Afghanistan, this paper assesses how surges in conflict … and the period of reference is 2012-2016. The results show that an increase in conflict-related casualties has a strong …
Persistent link: https://www.econbiz.de/10012696745
advantage in the final stage. We examine such momentum in conflict scenarios and investigate how valuable it must be to avoid a …, rent dissipation in the two-stage conflict is equal across party whether or not an individual obtains first-stage momentum … as useful conflict benchmarks, they dissipate additional expected contest rents. This additional rent-dissipative toll …
Persistent link: https://www.econbiz.de/10013171901
This article investigates the collective bargaining disputes involving Lufthansa, VC (cockpit), UFO (cabin crews) and … ver.di (ground staff) between 2000 and 2019. Before progressing to document the complex history of conflict between … proceeded by systematizing the different types of conflict (background, root cause, level of escalation) in order to develop a …
Persistent link: https://www.econbiz.de/10014371763
In many countries, labor courts play a central role in the determination of firing costs by monitoring and supervising the procedures for dismissals, and, eventually, deciding severance payments mandated by the employment protection legislation (EPL). To get some insights about the impact of...
Persistent link: https://www.econbiz.de/10012242138
This paper studies bargaining outcomes in economies in which agents may be able to impose outcomes that deviate from … the relevant social norms but incur costs when they do so. It characterizes bargaining outcomes that are easiest for a … approach yields the Nash bargaining solution, the Kalai-Smorodinsky solution, the equal monetary split, and other bargaining …
Persistent link: https://www.econbiz.de/10015135347
Persistent link: https://www.econbiz.de/10014233516