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In this paper we replace the Gaussian errors in the standard Gaussian, linear state space model with stochastic volatility processes. This is called a GSSF-SV model. We show that conventional MCMC algorithms for this type of model are ineffective, but that this problem can be removed by...
Persistent link: https://www.econbiz.de/10010325429
This paper uses tax and student loan administrative data to measure how the earnings of English graduates around 10 years into the labour market vary with gender, institution attended subject and socioeconomic background. The English system is competitive to enter, with some universities...
Persistent link: https://www.econbiz.de/10011786820
This paper compares survey based labour earnings data for English graduates, taken from the UK's Labour Force Survey (LFS), with the UK Government administrative sources of official individual level earnings data. This type of administrative data has few sample selection issues, is substantially...
Persistent link: https://www.econbiz.de/10011526736
Even when labour mobility is low, international integration affectslabour markets by making jobs more mobile. This runs via product market integration, which is an essential element of European integration. Increasing job mobility aects the possibilities single countries perceive in pursuing...
Persistent link: https://www.econbiz.de/10010315149
The Danish labour market has undergone a remarkable change during the 1990s with a reduction of the unemployment rate from about 12 per cent in 1993 to less than 6 per cent at the turn of the century. This reflects both a turn in the business cycle but also structural changes related to shifts...
Persistent link: https://www.econbiz.de/10010315694
This paper bridges port governance and stakeholder theory to contribute to new understandings of changed stakeholder relations due to the building of new container terminals. The case of the newly inaugurated very large high-tech container terminal commissioned to and developed and operated by...
Persistent link: https://www.econbiz.de/10014557545
If productivity increases more slowly for services than for manufactured goods then services suffer from Baumol's cost disease and tend to become relatively more costly over time. Since the welfare state in all countries is an important supplier of tax financed services, this translates into a...
Persistent link: https://www.econbiz.de/10011390737
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