Slope coefficients in rank-rank regressions are popular measures of intergenerational mobility, for instance in regressions of a child's income rank on their parent's income rank. In this paper, we first point out that commonly used variance estimators such as the homoskedastic or robust...

This paper proposes a powerful alternative to the t-test of the null hypothesis that a coefficient in linear regression is equal to zero when a regressor is mismeasured. We assume there are two contaminated measurements of the regressor of interest. We allow the two measurement errors to be...

Examining the most heavily-cited publications in labor economics from the early 1990s, I show that few of over 3000 articles citing them directly replicates them. They are replicated more frequently using data from other time periods and economies, so that the validity of their central ideas has...

The aim of this article is to underline that the core paradigm of mainstream economics, the economics’ standard model (ESM), rests upon an explanatory theory that draws on deductive assumptions which are not supported by what observations of the reality of market economies shows us; either in...

Qualitative Forschungsmethoden stehen in den Wirtschaftswissenschaften noch immer im Schatten quantitativer Methoden und ökonomischer Modelle. Dies gilt insbesondere für die deutsche Forschung, während sich international eine zunehmende Öffnung zu qualitativen Methoden abzeichnet. In diesem...

Dieser Beitrag entstand im Rahmen der wissenschaftlichen Beratung des Regierungsprojektes „Gut leben in Deutschland“, das von 2014 bis 2016 lief und das vorläufig mit einem Bericht der Bundesregierung zur „Lebensqualität in Deutschland“ abgeschlossen wurde (Bundesregierung 2016a, b)....

Periods of economic and financial stress traditionally give rise to profound changes in economic theory and in the way policy decisions are taken. Motivated by the recent interest in renewing macroeconomics after the global financial crisis, we collected the views of senior central bank staff in...

In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new database of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...