Showing 1 - 10 of 45
In this paper we propose an alternative to traditional hedonics for estimating new multiunit housing inflation, adjusting for quality changes. By relying on the within-site variation we control in a very general way for unobserved housing characteristics using site-specific effects. Precise...
Persistent link: https://www.econbiz.de/10012786133
We estimate scale elasticities in firms' money demand using panel data. Our main data set is a sample of Spanish companies observed over 1983-96. We also analyse comparable UK and US data sets. We find that the errors in money demand equations contain two terms correlated with sales: first, a...
Persistent link: https://www.econbiz.de/10005666781
Persistent link: https://www.econbiz.de/10005180556
The use of aggregate data and failure to consider all possible alternatives to bank loans have been the main sources of criticism of empirical bank lending channel analyses. Although in the recent literature firm aggregates have replaced macro aggregates, existence of a differential impact of...
Persistent link: https://www.econbiz.de/10010631619
In this paper, the author proposes empirical models where both the intertemporal substitution elasticity and the elasticities measuring the impact of different wage profiles are estimated taking into account the restrictions derived from utility maximization. She considers models assuming a...
Persistent link: https://www.econbiz.de/10005393104
We investigate the determinants of the remarkable increase in intra-regional migrations since the 1980's in Spain, using a large administrative micro dataset on migrants. Conditional migration probabilities are identified by comparing the migrants' joint distribution of characteristics to the...
Persistent link: https://www.econbiz.de/10005395926
The aim of this paper is twofold. First, we present an up-to-date assessment of the differences across euro area countries in the distributions of various measures of debt conditional on household characteristics. We consider three different outcomes: the probability of holding debt, the amount...
Persistent link: https://www.econbiz.de/10010782110
The aim of this paper is twofold. First, we present an up-to-date assessment of the differences across euro area countries in the distributions of various measures of debt conditional on household characteristics. We consider three different outcomes: the probability of holding debt, the amount...
Persistent link: https://www.econbiz.de/10010862266
The aim of this paper is twofold. First, we present an up-to-date assessment of the differences across euro area countries in the distributions of various measures of debt conditional on household characteristics. We consider three different outcomes: the probability of holding debt, the amount...
Persistent link: https://www.econbiz.de/10010957119
This paper describes the methods of the fourth wave of the Spanish Survey of Household Finances (EFF2011), paying special attention to the innovations relative to the previous waves. The EFF2011 was designed to give continuity to the information on household finances collected through the...
Persistent link: https://www.econbiz.de/10010940766