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The Neoclassical Determinants of Real Wage

Ivrendi, Mehmet; Guloglu, Bulent; Yetkiner, Y. Hakan - 2013

This paper presents empirical evidence that the neoclassical explanation of real wage has a high explanatory power at macro level. The factor endowments explanation of wage is surprisingly rare in the literature, at least at empirical level. In this paper, using panel data from 26 OECD...

Persistent link: https://www.econbiz.de/10011807220

Family-Size Effects on Earnings – Definitions Matter

Lampi, Elina; Nordblom, Katarina - Nationalekonomiska institutionen, Handelshögskolan - 2009

Number of siblings has previously been found to adversely affect earned income. However, we still lack understanding of whether nature or nurture drives this effect. We examine in detail the effects of having different kinds of siblings and find that the number of siblings one grew up with has a...

Persistent link: https://www.econbiz.de/10004972828

Taxes, Wages and Working Hours

Ericson, Peter; Flood, Lennart - Nationalekonomiska institutionen, Handelshögskolan - 2011

This paper presents estimates of individuals’ responses in hourly wages to changes in marginal tax rates. Estimates based on register panel data of Swedish households covering the period 1992 to 2007 produce significant but relatively small net-of-tax rate elasticities. The results vary with...

Persistent link: https://www.econbiz.de/10009283233

Regional income distribution and human capital formation: A model of intergenerational education transfer in a global context

Bartholomae, Florian W.; Popescu, Alina M. - Fakultät für Wirtschafts- und … - 2009

The demographic problems in developed countries are getting more and more important. Very low fertility rates especially among skilled individuals will soon become relevant for a country's economy. Also of importance is education of children. Since there is an increasing demand for skilled...

Persistent link: https://www.econbiz.de/10008462122

Differences in Wage Distributions between Natives, Non-Refugees, and Refugees

Wahlberg, Roger - Nationalekonomiska institutionen, Handelshögskolan - 2008

This study examines differences in wage distributions between natives, non-refugees, and refugees in Sweden. We find that the wage differentials between natives and non-refugee immigrants decrease across the distribution, while those between natives and refugee immigrants increase. There is...

Persistent link: https://www.econbiz.de/10005651615

The transmission of uncertainty shocks on income inequality: State-level evidence from the United States

Fischer, Manfred M.; Huber, Florian; Pfarrhofer, Michael - 2018

In this paper, we explore the relationship between state-level household income inequality and macroeconomic … inequality responses to a national uncertainty shock. The results suggest that income inequality decreases in most states, with a …, mostly located in the West and South census region, display increasing levels of income inequality over time. We find that …

Persistent link: https://www.econbiz.de/10012042473

Using Panel Data to Construct Simple and Efficient Unit Root Tests in the Presence of GARCH

Westerlund, Joakim; Narayan, Paresh - Nationalekonomiska institutionen, Handelshögskolan - 2009

In search for more efficient unit root tests in the presence of GARCH, some researchers have recently turned their attention to estimation by maximum likelihood. However, although theoretically appealing, the new test is difficult to implement, which has made it quite uncommon in the empirical...

Persistent link: https://www.econbiz.de/10004998805

On the Predictability of Global Stock Returns

Hjalmarsson, Erik - Nationalekonomiska institutionen, Handelshögskolan - 2005

Stock return predictability is a central issue in empirical finance. Yet no comprehensive study of international data has been performed to test the predictive ability of lagged explanatory variables. In fact, most stylized facts are based on U.S. stock-market data. In this paper, I test for...

Persistent link: https://www.econbiz.de/10005651655

Performance of the Swedish Real Estate Sector 1998-2002

Hammes, Klaus; Chen, Yinghong - Nationalekonomiska institutionen, Handelshögskolan - 2004

In this paper, we analyze the performance of the Swedish real estate sector by various profitability measures. We use an unbalanced panel of 781 non-listed companies from 1998 to 2000 with 3421 observations. There exists large regional and sectorial differences in performance but it is not due...

Persistent link: https://www.econbiz.de/10005651674

Predictive regressions with panel data

Hjalmarsson, Erik - Nationalekonomiska institutionen, Handelshögskolan - 2005

This paper analyzes econometric inference in predictive regressions in a panel data setting. In a traditional time-series framework, estimation and testing are often made difficult by the endogeneity and near persistence of many forecasting variables; tests of whether the dividend-price ratio...

Persistent link: https://www.econbiz.de/10005651706