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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...
Persistent link: https://www.econbiz.de/10011445626
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 …
Persistent link: https://www.econbiz.de/10011443482
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Eastern Germany's recovery from the unification shockʺ has been characterized by deep structural change with apparent …
Persistent link: https://www.econbiz.de/10003414225
Der vorliegende Beitrag zielt darauf, eine fundierte Vorgehensweise für die Untersuchung der Frage zu entwickeln, welche Auswirkungen die mentale Verfaßtheit ökonomischen Akteure auf ihr mikroökonomisches Entscheidungs- und Wahlhandlungsverhalten hat und welche Konsequenzen sich daraus auf...
Persistent link: https://www.econbiz.de/10010506637
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 …
Persistent link: https://www.econbiz.de/10013428286
wages and wage inequality in Germany. Between 1984 and 1994 wages for prime age dependent male workers increased on average … by 23 percent and the wage distribution in West Germany was fairly stable. Between 1994 and 2004 average wages rose by … about 8 percent in West Germany and 28 percent in East Germany. In this period wage inequality for prime age dependent males …
Persistent link: https://www.econbiz.de/10011628753
This paper presents new evidence on the causal relationship between fertility and female labor supply. We particularly focus on how informal employment affects post-fertility labor supply behavior of mothers. We employ an instrumental variable strategy based on an unused data source for twin...
Persistent link: https://www.econbiz.de/10012390279
Persistent link: https://www.econbiz.de/10001362092