Showing 1 - 10 of 32
Estimating economic earnings mobility is imperative for understanding the degree to which low pay employment is a temporary or long-term position. The current literature estimates transition probabilities between low and higher pay. This study extends the focus to identify the underlying...
Persistent link: https://www.econbiz.de/10012180089
This paper seeks to investigate and remedy the apparent inability of Markov regime switching models to predict future states in the medium to long term. We show that projected time varying transition probability series in the model may be biased towards predicting regime switches with high...
Persistent link: https://www.econbiz.de/10013208451
This paper researches small-sample properties of the Markov-switching model with time-varying transition probabilities. By means of simulation, it is shown that the likelihood ratio statistic is over-sized for sample sizes relevant in many empirical applications. The number of regime switches...
Persistent link: https://www.econbiz.de/10013208481
One of the key factors that affects the extent to which changes in labour demand affect other macroeconomic variables, such as wage inflation, is the degree of matching between potential employees and available jobs. The pool of potential employees is usually measured as the pool of unemployed...
Persistent link: https://www.econbiz.de/10005423680
The service sector has emerged as one of the growth drivers of the Indian Economy. This paper analyses the evolution of trade specialisation in service sector of India using various measures of comparative advantage. The findings indicate that the distribution of the comparative advantage...
Persistent link: https://www.econbiz.de/10005048983
This paper seeks to investigate and remedy the apparent inability of Markov regime switching models to predict future states in the medium to long term. We show that projected time varying transition probability series in the model may be biased towards predicting regime switches with high...
Persistent link: https://www.econbiz.de/10005645199
Aunque los investigadores sociales siempre se han interesado por la evolución y la dinámica de la pobreza, este tipo de estudios se han potenciado en los últimos años debido a la disponibilidad de fuentes estadísticas adecuadas. En este trabajo, empleando como fuente las ocho olas del...
Persistent link: https://www.econbiz.de/10005814447
Persistent link: https://www.econbiz.de/10005760152
The service sector has emerged as one of the growth drivers of the Indian Economy. This paper analyses the evolution of trade specialisation in service sector of India using various measures of comparative advantage. The findings indicate that the distribution of the comparative advantage...
Persistent link: https://www.econbiz.de/10008539565
Informality is at the center of the economic debate in Colombia, fueled by the high level prevalent in the country and its substantial increase during the 1990s. We study the effect of labor market rigidities, namely the increase in non-wage costs and the minimum wage on the size of the informal...
Persistent link: https://www.econbiz.de/10008522032