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Pesaran, Mohammad Hashem; Chudik, Alexander - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which observed inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

Persistent link: https://www.econbiz.de/10010285520

Optimal Weights for Marital Sorting Measures

Almar, Frederik; Schulz, Bastian - 2023

Changing distributions of male and female types affect the measurement of educationbased marriage market sorting. We develop a weighting strategy that minimizes the distortion of sorting measures due to changing type distributions. The optimal weights reflect that female type distributions have...

Persistent link: https://www.econbiz.de/10014377271

Aggregation in Large Dynamic Panels

Pesaran, Hashem; Chudik, Alexander - Institute for the Study of Labor (IZA) - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is … Pesaran (2003), an optimal aggregate function is derived, and the limiting behavior of the aggregation error is investigated … which ‘observed’ inflation persistence at the aggregate level is due to aggregation and/or common unobserved factors. Our …

Persistent link: https://www.econbiz.de/10008839293

How Do Labor Representatives Affect Incentive Orientation of Executive Compensation?

Dyballa, Katharina; Kraft, Kornelius - 2016

Contrary to previous literature we hypothesize that labor's interest may well – like that of shareholders – aim at securing the long-run survival of the firm. Consequently, employee representatives on the supervisory board could well have an interest in increasing incentive-based...

Persistent link: https://www.econbiz.de/10011559581

Real Options Effects on Employment : Does Exchange Rate Uncertainty Matter for Aggregation?

Göcke, Matthias; Belke, Ansgar - 2004

exchange rate uncertainty. Based on this micro foundation an aggregation approach is presented. Under uncertainty, intervals of … where the aggregation of microeconomic real options effects under uncertainty are relevant, they may even be of a more …

Persistent link: https://www.econbiz.de/10010261879

Measuring Globalization

Andersen, Torben M.; Herbertsson, Tryggvi Thor - 2003

The multivariate technique of factor analysis is used to combine several indicators of economic integration and international transactions into a single measure or index of globalization. The index is an alternative to the simple measure of openness based on trade, and it produces a ranking of...

Persistent link: https://www.econbiz.de/10010261554

A Nation-Wide Laboratory: Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Surveys

Fehr, Ernst; Fischbacher, Urs; von Rosenbladt, Bernhard; … - 2003

Typically, laboratory experiments suffer from homogeneous subject pools and self-selection biases. The usefulness of survey data is limited by measurement error and by the questionability of their behavioral relevance. Here we present a method integrating interactive experiments and...

Persistent link: https://www.econbiz.de/10010262013

Regionalism in West Africa : Do Polar Countries Reap the Benefits? : A Role for Migration

Konseiga, Adama - 2005

In the present globalization era an increasing attention is paid to the ambiguous relationship between international migration, brain drain, and economic growth, but few papers analyzed the growth impact of skilled migration. The paper filled the research gap by building the first dataset on...

Persistent link: https://www.econbiz.de/10010262227

Memorandum: Erfolgsbedingungen empirischer Wirtschaftsforschung und empirisch gestuetzter wirtschafts- und sozialpolitischer Beratung

Hauser, Richard; Wagner, Gert G.; Zimmermann, Klaus F. - 1998

Based on the hypothesis that microdata are of crucial importance for internationally competitive economic research and scientific advice in economic and social policy, the authors develop various proposals for an improved data supply for empirical work in Germany. Present shortcomings are mainly...

Persistent link: https://www.econbiz.de/10010262260

Google econometrics and unemployment forecasting

Askitas, Nikolaos; Zimmermann, Klaus F. - 2009

The current economic crisis requires fast information to predict economic behavior early, which is difficult at times of structural changes. This paper suggests an innovative new method of using data on internet activity for that purpose. It demonstrates strong correlations between keyword...

Persistent link: https://www.econbiz.de/10010269318