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We present a new method for imposing and testing concavity of a cost function using asymptotic least squares, which can easily be implemented even for cost functions which are nonlinear in parameters. We provide an illustration on the basis of a (generalized) Box-Cox cost function with six...
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From 1992 to 2005, part-time employment in Western Germany has grown by 82 percent, whereas full-time employment has …: Characteristics inherent in full-time or part-time employment dominantly explain changes in employment patterns in Western Germany …
Persistent link: https://www.econbiz.de/10003873927
Whilst gender inequality has been falling in the developed world, child-related gender inequality in pay has stayed constant. In this paper I use German panel data spanning across 33 years from 1984 until 2017 including over 50,000 individuals. The main contribution of this paper is the analysis...
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We decompose the persistent satisfaction gap between East and West Germany into effects of objective circumstances and …
Persistent link: https://www.econbiz.de/10011999828
We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical German data. Firms' forecasts improve with age. We exploit German Reunification as a natural experiment where firms in the East are treated with ignorance about the distribution...
Persistent link: https://www.econbiz.de/10011580632
We quantify the value of changes in life circumstances in Germany following reunification. To this end, we develop and …
Persistent link: https://www.econbiz.de/10011405835
Unification fundamentally changed the terms of quantitative macroeconomic analysis for Germany. Two main areas … concerned are data availability for the eastern part of Germany and structural changes within the behavioural equations after … Germany. The challenge is to handle the structural break in the time series and the economic model by applying a SUR estimator …
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