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Efficient Estimation of an Additive Quantile Regression
Cheng, Yebin; Gooijer, Jan G. De; Zerom, Dawit - Tinbergen Institute - 2009
In this paper two kernel-based nonparametric estimators are proposed for estimating the components of an additive quantile regression model. The first estimator is a computationally convenient approach which can be viewed as a viable alternative to the method of De Gooijer and Zerom (2003). By...
Persistent link: https://www.econbiz.de/10008513237
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A Stepwise Projection Data Envelopment Analysis for Public Transport Operations in Japan
Suzuki, Soushi; Nijkamp, Peter - Tinbergen Institute - 2011
With tightening budgets and increasingly critical reviews of public expenditure, there is a need for a careful analysis of the performance of public bodies in terms of an efficient execution of their tasks. These questions show up everywhere in the public domain, for instance, in the provision...
Persistent link: https://www.econbiz.de/10009201132
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Unobserved Heterogeneity and Risk in Wage Variance: Does Schooling provide Earnings Insurance?
Mazza, Jacopo; Ophem, Hans van; Hartog, Joop - Tinbergen Institute - 2011
We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We replicate the original study on US men and extend to US women, UK men and German men. Most original results are not robust. A college education cannot universally be considered an...
Persistent link: https://www.econbiz.de/10008867507
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Insurance Sector Risk
Slijkerman, Jan Frederik - Tinbergen Institute - 2006
We model and measure simultaneous large losses of the market value of insurers to understand the impact of shocks on the insurance sector. The downside risk of insurers is explicitly modelled by common and idiosyncratic risk factors. Since reinsurance is important for the capacity of insurers,...
Persistent link: https://www.econbiz.de/10005137081
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Finite-State Markov Chains obey Benford's Law
Kaynar, Bahar; Berger, Arno; Hill, Theodore P.; Ridder, Ad - Tinbergen Institute - 2010
A sequence of real numbers (<I>x<sub>n</sub></I>) is Benford if the significands, i.e. the fraction
Persistent link: https://www.econbiz.de/10008838552
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Which Industries are shifting the Beveridge Curve?
Barnichon, Regis; Elsby, Michael; Hobijn, Bart; Sahin, … - Tinbergen Institute - 2011
The negative relationship between the unemployment rate and the job openings rate, known as the Beveridge curve, has been relatively stable in the U.S. over the last decade. Since the summer of 2009, in spite of firms reporting more job openings, the U.S. unemployment rate has not declined in...
Persistent link: https://www.econbiz.de/10009367436
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Models as Measuring Instruments
Rodenburg, Peter - Tinbergen Institute - 2004
- provided the models is calibrated - this suffice for measurement. This paper explores this construction of a measuring device … in models by analysing the measurement of duration dependence of unemployment. Since search theory can’t be made … measurement to take place by modelling behaviour according to some assumptions, which operate as constraints. While this Weibull …
Persistent link: https://www.econbiz.de/10005137112
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Tracing the Changing Measures of Unemployment in Dutch Unemployment Statistics 1900-1940
Rodenburg, Peter - Tinbergen Institute - 2001
In the period before the second World War, the Dutch Bureau of Statistics had developed two sets of indicators of unemployment in the Netherlands. One was based on statistical data of unemployment insurance funds of trade unions and the other one on statistical data of labour exchanges. This...
Persistent link: https://www.econbiz.de/10005137132
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Predicting the Term Structure of Interest Rates: Incorporating Parameter Uncertainty, Model Uncertainty and Macroeconomic Information
Pooter, Michiel D. de; Ravazzolo, Francesco; Dijk, Dick van - Tinbergen Institute - 2007
We forecast the term structure of U.S. Treasury zero-coupon bond yields by analyzing a range of models that have been used in the literature. We assess the relevance of parameter uncertainty by examining the added value of using Bayesian inference compared to frequentist estimation techniques,...
Persistent link: https://www.econbiz.de/10005504892
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Measuring and Predicting Heterogeneous Recessions
Cakmakli, Cem; Paap, Richard; Dijk, Dick van - Tinbergen Institute - 2011
This paper conducts an empirical analysis of the heterogeneity of recessions in monthly U.S. coincident and leading indicator variables. Univariate Markovswitching models indicate that it is appropriate to allow for two distinct recession regimes, corresponding with ‘mild’ and ‘severe’...
Persistent link: https://www.econbiz.de/10009369369