Similar Search Results

How prediction markets can save event studies

Snowberg, Erik; Wolfers, Justin; Zitzewitz, Eric - 2011

This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions - from the economic effects of party control of government...

Persistent link: https://www.econbiz.de/10010278809

Are labor force participation rates really non-stationary? Evidence from three OECD countries

Ozdemir, Zeynel Abidin; Balcilar, Mehmet; Tansel, Aysit - 2012

This paper shows that the structural breaks are an important characteristic of the monthly labor force participation rate (LFPR) series of Australia, Canada and the USA. Therefore we allow for endogenously determined multiple structural breaks in the empirical specifications of fractionally...

Persistent link: https://www.econbiz.de/10010283936

Panel Unit Root Tests in the Presence of aMultifactor Error Structure

Pesaran, M. Hashem; Smith, L. Vanessa; Yamagata, Takashi - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007

This paper extends the cross sectionally augmented panel unit root test proposed byPesaran (2007) to the case of a multifactor error structure. The basic idea is to exploitinformation regarding the unobserved factors that are shared by other time series in additionto the variable under...

Persistent link: https://www.econbiz.de/10005860582

The Variability and Volatility of Sleep: An Archetypal Approach

Hamermesh, Daniel S.; Pfann, Gerard A. - 2022

individuals' sleep time exhibits both variability and volatility characterized by stationary autoregressive conditional … young children at home. Volatility is greater among parents with young children, slightly greater among men than women, but … independent of other demographics. A theory of economic incentives to minimize the dispersion of sleep predicts that higher …

Persistent link: https://www.econbiz.de/10012882577

Pay and Productivity in a Corporatist Economy: Evidence from Austria

Fuess, Jr. Scott M.; Millea, Meghan - 2001

Conventional theory predicts that productivity gains lead to hikes in real pay. Efficiency wage theory hypothesizes …

Persistent link: https://www.econbiz.de/10010262451

Employment Adjustment in Portugal: Evidence from Aggregate and Firm Data

Addison, John T.; Teixeira, Paulino - 2001

This paper examines the pattern of employment adjustment in Portugal. First, the issue is addressed using a long time series of aggregate data. Although the employment data show persistence, there is nonetheless a fairly rapid rate of employment adjustment. Second, a much shorter time series of...

Persistent link: https://www.econbiz.de/10010262595

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

On the role of sectoral and national components in the wage bargaining process

Dreger, Christian; Reimers, Hans-Eggert - 2010

This paper provides an empirical analysis on the determination of wages at the sectoral level in main industrial economies. Nominal wages are bargained between labour unions and employers in imperfect competitive markets, where spillovers across sectors might occur. Using a principal component...

Persistent link: https://www.econbiz.de/10010269817

Disentangling Pay and Productivity in a Corporatist Economy: The Case of Germany

Fuess, Jr. Scott M.; Millea, Meghan - 2002

Conventional theory predicts that productivity gains lead to pay hikes. Pay increases, however, can influence labor …

Persistent link: https://www.econbiz.de/10010273751

Dynamic evaluation of job search assistance

Kastoryano, Stephen; van der Klaauw, Bas - 2011

This paper evaluates a job search assistance program for unemployment insurance recipients. The assignment to the program is dynamic. We provide a discussion on dynamic treatment effects and identification conditions. In the empirical analyses we use administrative data from a unique...

Persistent link: https://www.econbiz.de/10010274574