This paper explores the economic determinants affecting high shcool graduates' career choices in Germany. The estimation results show that high school graduates' career decisions are at least partially determined by economic considerations. Other major determinants are the parental skill-level,...

O1s and Mn2p near-edge X-ray absorption spectroscopy on La<Subscript>1-x</Subscript>Sr<Subscript>1+x</Subscript>MnO<Subscript>4</S ubscript> (0 ≤x ≤0.5) single crystals shows that Sr doping does not only provide holes to the system but also induces a continuous transfer of electrons from out-of-plane d<Subscript>3z2-r2</Subscript> to in-plane d<Subscript>3x2-r2</Subscript>/d<Subscript>3y2-r2</Subscript> orbitals. Furthermore, a...</subscript></subscript></subscript><//s></subscript></subscript></subscript>

Worker flows to and from unemployment occur at all stages of the U.S. business cycle. The flows' dynamics affect the dynamics of the unemployment rate. This article studies the dynamics of unemployment flows and the unemployment rate and explores and documents changes over time. Rigorous...

This paper develops a statistical aggregation procedure for the Frisch elasticity of labor supply. It allows for worker heterogeneity in observables and unobservables and is applicable to an individual labor supply function with non-employment as a possible outcome. Subjecting all offered or...

This paper develops a statistical aggregation procedure for the Frisch elasticity of labor supply. It allows for worker heterogeneity and is applicable to an individual labor supply function with non-employment as a possible outcome. Subjecting all offered or paid wages to an unanticipated...

The aggregate Frisch elasticity of labor supply has played a key role in business cycle analysis. This paper develops a statistical aggregation procedure which allows forworker heterogeneity in observables and unobservables and is applicable to an individual labor supply function with...

Das Institut für Weltwirtschaft ist im Frühjahr 1989 von der Schleswig-Holsteinischen Landesregierung beauftragt worden, für die Denkfabrik des Ministerpräsidenten eine Studie über die Struktur und die -Entwicklungsperspektiven der Wirtschaft Schleswig-Holsteins durchzuführen. Aufgabe...

What role does labor play in a firm’s market value? We explore this question using a production-based asset pricing model with frictions in the adjustment of both capital and labor. We posit that hiring of labor is akin to investment in capital and that the two interact, with the interaction...