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Pesaran, Mohammad Hashem; Timmermann, Allan - 2004

This paper considers the problems facing decision makers using econometric models in real time. It identifies the key stages involved and highlights the role of automated systems in reducing the effect of data snooping. It sets out many choices that researchers face in construction of automated...

Persistent link: https://www.econbiz.de/10010276178

Real Time Econometrics

Pesaran, M. Hashem; Timmermann, Allan - Institute for the Study of Labor (IZA) - 2004

Persistent link: https://www.econbiz.de/10005763536

Job Protection, Minimum Wage and Unemployment

Zylberberg, André; Cahuc, Pierre - 1999

We analyze how wage setting institutions and job-security provisions interact on unemployment. The assumption that wages are renegotiated by mutual agreement only is introduced in a matching model with endogenous job destruction – la Mortensen and Pissarides (1994) in order to get wage...

Persistent link: https://www.econbiz.de/10010262316

Redundancy Payments, Incomplete Labor Contracts, Unemployment and Welfare

Cahuc, Pierre; Zylberberg, André - 1999

It is frequently argued that pure government-mandated severance transfers by the employer to the worker have neither employment nor welfare effect because they can be offset by private transfers from the worker to the employer. In this paper, using a dynamic search and matching model a la...

Persistent link: https://www.econbiz.de/10010262317

Temporary Jobs, Employ Protection and Labor Market Performance

Postel-Vinay, Fabien; Cahuc, Pierre - 2001

Many European labor markets are characterized by heavy employment protection taxes and the widespread use of fixed-duration contracts. The simultaneous use of these two policy instruments seems somewhat contradictory since the former primarily aims at limiting job destruction whereas the latter...

Persistent link: https://www.econbiz.de/10010262463

Forecasting Time Series Subject to Multiple Structural Breaks

Timmermann, Allan; Pettenuzzo, Davide; Pesaran, … - 2004

Bayesian estimation and prediction procedure that allows for the possibility of new breaks over the forecast horizon, taking …

Persistent link: https://www.econbiz.de/10010276180

On Modeling Household Labor Supply with Taxation

Bargain, Olivier - 2005

consistent with economic theory. The general model we suggest may provide future research with an interesting setting to test …

Persistent link: https://www.econbiz.de/10010262185

Employer Learning and Schooling-Related Statistical Discrimination in Britain

Galindo-Rueda, Fernando - 2003

This paper develops and tests a new model of asymmetric information in the labour market involving employer learning. In the model, I provide theoretical conditions for the identification – based on the experience and tenure profiles of estimated returns to ability and education – of...

Persistent link: https://www.econbiz.de/10010262759

Misspecification testing in a class of conditional distributional models

Rothe, Christoph; Wied, Dominik - 2012

We propose a specification test for a wide range of parametric models for the conditional distribution function of an outcome variable given a vector of covariates. The test is based on the Cramer-von Mises distance between an unrestricted estimate of the joint distribution function of the data,...

Persistent link: https://www.econbiz.de/10010282420

Synthetic Difference-in-Differences Estimation

Clarke, Damian; Pailañir, Daniel; Athey, Susan; … - 2023

units are available over time. We lay out the theory underlying SDID, both when there is a single treatment adoption date … and when adoption is staggered over time, and discuss estimation and inference in each of these cases. We introduce the … sdid command which implements these methods in Stata, and provide a number of examples of use, discussing estimation …

Persistent link: https://www.econbiz.de/10014296651