Showing 1 - 10 of 4,104
This paper analyzes the effects of macro-economic conditions throughout life on the individual mortality rate. We estimate flexible duration models where the individual?s mortality rate depends on current conditions, conditions earlier in life (notably during childhood), calendar time, age,...
Persistent link: https://www.econbiz.de/10010277285
a recession to those born in the preceding boom, and we estimate duration models where the individual's mortality rate …
Persistent link: https://www.econbiz.de/10010324766
(across the full range) and CV mortality rate later in life is significantly stronger if the individual is born in a recession …
Persistent link: https://www.econbiz.de/10010329078
The U.S. business cycle expansion that started in March 1991 is the longest on record. This paper uses statistical techniques to examine whether this expansion is a onetime unique event or whether its length is a result of a change in the stability of the U.S. economy. Bayesian methods are used...
Persistent link: https://www.econbiz.de/10010283318
While the volatility of job creations has been studied extensively, the survival chances of new jobs are less researched. The question when and how to expand a firm is of importance, both from the firm's and from a macro perspective. Adjustment cost theories and arguments about option values of...
Persistent link: https://www.econbiz.de/10010293739
We study the evolution and cyclical dependency of the cross sectional distribution of firm level job creation rates from 1975 to 2004 for the Austrian private sector. We find that the share of firms that o not adjust has declined over time, but that the share of entries, exits, growing and...
Persistent link: https://www.econbiz.de/10011435272
endogenously generated by the established OTD (Originate-To-Distribute) model within the new finance-growth paradigm. Good finance … virtuous cycle), whereas bad finance captures part of the created wealth and, thanks to a highly technologically advanced … financial system with the ability to create money ex nihilo, over time it drags the economy down to recession or negative growth …
Persistent link: https://www.econbiz.de/10012058894
Since the prolonged recession in 1980–1982 which laid the basis for the emergence of finance-led capitalism in the US …
Persistent link: https://www.econbiz.de/10014363309
This reprint concerns methods of data analysis for risk management in economics, finance, and business. The presented …
Persistent link: https://www.econbiz.de/10015324884
This paper provides evidence on the role of non-base wage components as a channel for firms to adjust labour costs in the event of adverse shocks. It uses data from a firm-level survey for 25 European countries that covers the period 2010-2013. We find that firms subject to nominal wage...
Persistent link: https://www.econbiz.de/10012290398