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and we find the sensitivity of the bias to the former to be greatest. Despite this, and as a result of the wide …
Persistent link: https://www.econbiz.de/10013208660
This paper assesses labor market segmentation across formal and informal salaried jobs and self-employment in three … if segmentation is an exclusive feature of the latter. Longitudinal data are used to assess wage differentials and … mobility under the assumption of no segmentation. It finds evidence of a formal wage premium relative to informal salaried jobs …
Persistent link: https://www.econbiz.de/10010278304
Using estimates of earnings functions in Ghana, this paper examines patterns of labor market segmentation with regard … segments of the employed labor force. We find evidence of labor market segmentation between formal and informal employment and …
Persistent link: https://www.econbiz.de/10010287864
In much of the literature on economic development, sustained economic growth is expected to be accompanied by several interrelated processes of structure change, which involve a shift in economic activities from "traditional"/agricultural/informal to "modern"/industrial/formal sectors. Such...
Persistent link: https://www.econbiz.de/10012059911
job. A second focus is how the exit probabilities differ depending on origin and gender, i.e. a segmentation aspect. The …
Persistent link: https://www.econbiz.de/10013208474
Der deutsche Aktienmarkt sah sich in den letzten 15 Jahren substantiellen Veränderungen gegenüber, welche unter anderem in eine zunehmende Internationalisierung und deutlich erhöhten Streubesitz mündeten. In der vorliegenden Arbeit untersuchen wir, inwieweit dies die aus klassischen...
Persistent link: https://www.econbiz.de/10010307494
Karl Marx's magnum opus, Das Kapital, presents an analysis of the long run dynamics of a mature capitalist economy. The analysis is conducted at two primary levels of abstraction - "capital in general" (where competition between individual capitals is abstracted from) and "many capitals" (where...
Persistent link: https://www.econbiz.de/10011788915
This paper tries to clarify the logical structure of the relationship between labour values and prices from an axiomatic perspective. The famous 'transformation problem' is interpreted as an impossibility result for a specific interpretation of value theory based on specific assumptions and...
Persistent link: https://www.econbiz.de/10011927980
We propose an Adaptive Dynamic Nelson-Siegel (ADNS) model to adaptively forecast the yield curve. The model has a simple yet flexible structure and can be safely applied to both stationary and nonstationary situations with different sources of change. For the 3- to 12-months ahead out-of-sample...
Persistent link: https://www.econbiz.de/10010892113
This paper addresses the issue of forecasting the term structure. We provide a unified state-space modelling framework … factors, on the forecasting performance. Using US yield curve data, we find that both no-arbitrage and large info help in … forecasting but no model uniformly dominates the other. No-arbitrage models are more useful at shorter horizon for shorter …
Persistent link: https://www.econbiz.de/10010892123