Inequality and business cycles in the U.S. and European Union countriesInternational Advances in Economic Research - Tập 5 - Trang 321-338 - 1999
Sophia Dimelis, Alexandra Livada
This paper derives the business cycle properties of some aggregate and disaggregate inequality indices for the U.S. and three European Union countries (United Kingdom, Italy, and Greece). The findings suggest that inequality indices move countercyclically with output in the U.S. and the United Kingdom, a procyclical behavior prevailed in Greece, and a mixed cycle influenced Italy. A common counter...... hiện toàn bộ
Maximum likelihood estimators of the dagum model parametersInternational Advances in Economic Research - Tập 4 - Trang 243-252 - 1998
Czesław Domański, Alina Jędrzejczak
This paper will show the sample size needed to provide good maximum likelihood estimators of the Dagum model parameters. The principal goal of this study is to verify the asymptotic properties of these estimators for finite sample sizes comparable to the ones employed in the real surveys (for example, the Labor Force Survey).
Some Empirical Evidence of the Efficacy of Job Matching in Urban Labor MarketsInternational Advances in Economic Research - Tập 15 - Trang 233-244 - 2009
Jeffrey J. Yankow
Theory predicts that workers in cities are more likely to engage in job search, ceteris paribus, due to market efficiencies associated with greater job density. However, if job search is more efficient in urban markets, then the quality of a given job match should also tend to be higher in cities, ceteris paribus. Employed workers living in cities might then be expected to search less than their n...... hiện toàn bộ
Consumption externalities and upward-sloping demandInternational Advances in Economic Research - Tập 8 - Trang 196-200 - 2002
David W. K. Yeung
The law of demand states that individual demand curves are negatively sloped. To date, the Giffen Paradox represents the only analytically valid exception to the law under standard assumptions. This article shows that if consumption externalities exist, it is possible for the individual's demand curve to slope upward. In particular, the condition under which demand becomes upward-sloping can be de...... hiện toàn bộ
Modelling the Eurozone as an Extraordinary Exchange Rate UnionInternational Advances in Economic Research - Tập 20 - Trang 357-367 - 2014
Beate Sauer, Friedrich L. Sell, Thomas Werner
The Trans-European Automated Real-Time Gross settlement Express Transfer system (TARGET) imbalances within the Eurozone can be interpreted as a sign of a missing balance of payments adjustment mechanism for the member countries. As the Eurozone lacks a fiscal union, in theory it is more of an exchange rate union or a system of fixed exchange rates than a monetary union. This paper will show why th...... hiện toàn bộ