Difference in regional unemployment in post-communist economies are large and persistent. We show that inherited … variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment … pattern, which helps explain the lack of convergence in regional unemployment rates, is consistent with the presence of …

Differences in regional unemployment in post-communist economies are large and persistent. We show that within …-country regional variation in inherited human capital in four such economies explains the bulk of regional variation in unemployment … unemployment rates. Although this capital and labour mobility pattern is consistent with the presence of regional skill spillovers …

, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the …

assumptions regarding the structure of systematic risk and the nature of exposure or firm heterogeneity. We derive fat … further risk reduction is possible by changing the portfolio weights. In either case, neglecting parameter heterogeneity can … heterogeneity can lead to overestimation of risk, whether measured by unexpected loss or value-at-risk. …

We present an hierarchical Bayes approach to modeling parameter heterogeneity in generalized linear models. The model … have a multivariate normal distribution. However, class membership is not known a priori, so the heterogeneity in the … synthetic data with known heterogeneity and number of sub-populations. An application is presented concerning preferences for …

aggregate labor-market fluctuations, and, in particular, the cyclical behavior of aggregate unemployment. Heterogeneity is …. The first essay develops an understanding of how, in addition to search frictions, labor heterogeneity can influence … are slow moving, which results in it being the case that in an expansion the ratio of aggregate vacancies to unemployment …

Heterogeneity, i.e., the notion that individuals respond differently to economic stimuli, can have profound … grouping techniques that can be used to account for heterogeneity in financial behavior. Two are well established: company … participants behave in a similar manner may consider using of mixture model in the presence of heterogeneity in financial behavior. …