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This article analyzes the modelling of risk premia in CO2 allowances spot and futures prices, valid for compliance under the EU Emissions Trading Scheme (EU ETS). Similarly to electricity markets, a salient characteristic of CO2 allowances is that the theory of storage does not hold, as CO2...
Persistent link: https://www.econbiz.de/10011072123
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This article aims at characterizing the daily price fundamentals of European Union Allowances (EUAs) traded since 2005 as part of the Emissions Trading Scheme (ETS). First, the presence of two structural changes on April, 2006 following the disclosure of 2005 verified emissions and on October,...
Persistent link: https://www.econbiz.de/10014221321
This paper is an empirical investigation of the complementarity between education and training in 13 European countries … higher among individuals with more education, I find that the relationship between individual educational attainment and … employment protection and a lower value of the Kaitz index. I also find evidence that individuals with more education and …
Persistent link: https://www.econbiz.de/10011608802
This paper is an empirical investigation of the complementarity between education and training in 13 European countries … higher among individuals with more education, I find that the relationship between educational attainment and training … Kaitz index. I also find evidence that individuals with more education and limited labor market experience enjoy higher …
Persistent link: https://www.econbiz.de/10010262515
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Persistent link: https://www.econbiz.de/10000957372
We develop a simple search equilibrium model of workplace training and education based on two features. First …, investment in education improves job-related learning skills and reduces training costs burdened by firms. Second, firms with …
Persistent link: https://www.econbiz.de/10011325670
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We study the relationship between education and cognitive functioning at older ages by exploiting compulsory schooling … of Health, Aging and Retirement in Europe (SHARE), we assess the causal effect of education on old-age memory, fluency …, numeracy, orientation and dementia. We find a positive impact of schooling on memory. One year of education increases the …
Persistent link: https://www.econbiz.de/10009684039