Similar Search Results

The public sector wage premium in Spain: evidence from longitudinal administrative data

Hospido, Laura; Moral-Benito, Enrique - Banco de España - 2014

This paper studies the public sector wage gap in Spain by gender, skill level and type of contract, using recent administrative data from tax records. We estimate wage distributions in the presence of covariates separately for men and women in the public and in the private sectors, and we take...

Persistent link: https://www.econbiz.de/10010886087

Inequality for Wage Earners and Self-Employed: Evidence from Panel Data

Albarrán, Pedro; Carrasco, Raquel; Martínez-Granado, Maite - Banco de España - 2007

In this paper we study the evolution of income inequality for employees and self-employed workers. We highlight the … importance of separately analyzing these different sources of income to gain a broader understanding of inequality. Using Spanish … permanent and a transitory component. We find that there are noticeable differences in the evolution of income inequality, as …

Persistent link: https://www.econbiz.de/10005022242

Testing weak exogeneity in cointegrated panels

Moral-Benito, Enrique; Serven, Luis - Banco de España - 2013

For reasons of empirical tractability, analysis of cointegrated economic time series is often developed in a partial setting, in which a subset of variables is explictly modeled conditional on the rest. This approach yields valid inference only if the conditioning variables are weakly exogenous...

Persistent link: https://www.econbiz.de/10010862255

Measuring and explaining the volatility of capital flows towards emerging countries

Broto, Carmen; Díaz-Cassou, Javier; Erce-Domínguez, Aitor - Banco de España - 2008

This paper analyzes the determinants of the volatility of different types of capital inflows to emerging countries. After calculating a variable that proxies capital flows volatility, we study its possible causality relations with a set of explanatory variables by type of flow through a panel...

Persistent link: https://www.econbiz.de/10005022258

Inflation, Financial Development and Endogenous Growth

Gillman, Max; Harris, Mark N. - Department of Econometrics and Business Statistics, … - 2004

The paper extends the literature on financial development, inflation, and growth by using the idea that both the rates of return on physical and human capital affect growth. This leads to the introduction of the investment rate into the model, as a proxy for the return to physical capital, along...

Persistent link: https://www.econbiz.de/10005149103

Estimation in Single-Index Panel Data Models with Heterogeneous Link Functions

Chen, Jia; Gao, Jiti; Li, Degui - Department of Econometrics and Business Statistics, … - 2011

In this paper, we study semiparametric estimation for a single-index panel data model where the nonlinear link function varies among the individuals. We propose using the refined minimum average variance estimation method to estimate the parameter in the single-index. As the cross-section...

Persistent link: https://www.econbiz.de/10009318805

Estimation in Partially Linear Single-Index Panel Data Models with Fixed Effects

Chen, Jia; Gao, Jiti; Li, Degui - Department of Econometrics and Business Statistics, … - 2011

In this paper, we consider semiparametric estimation in a partially linear single-index panel data model with fixed effects. Without taking the difference explicitly, we propose using a semiparametric minimum average variance estimation (SMAVE) based on a dummy-variable method to remove the...

Persistent link: https://www.econbiz.de/10009318807

Semiparametric Trending Panel Data Models with Cross-Sectional Dependence

Chen, Jia; Gao, Jiti; Li, Degui - Department of Econometrics and Business Statistics, … - 2011

A semiparametric fixed effects model is introduced to describe the nonlinear trending phenomenon in panel data analysis and it allows for the cross-sectional dependence in both the regressors and the residuals. A pooled semiparametric profile likelihood dummy variable approach based on the...

Persistent link: https://www.econbiz.de/10009318812

Cash holdings, firm size and access to external finance. Evidence for the euro area

Martínez-Carrascal, Carmen - Banco de España - 2010

This paper investigates the empirical determinants of corporate cash holdings in the euro area as a function of firm size. The results show that there are significant differences in investment in liquid assets for firms of different size. More specifically, liquid assets for smaller firms in the...

Persistent link: https://www.econbiz.de/10008725821

Inflation, Financial Development and Growth in Transition Countries

Gillman, Max; Harris, Mark N. - Department of Econometrics and Business Statistics, … - 2004

The paper presents panel data evidence for 13 transition countries on inflation, financial development and growth. It contributes to the growth literature by showing that the transition countries conform to developed country evidence in particular with the strong negative effect of inflation on...

Persistent link: https://www.econbiz.de/10005581124