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Distortionary Taxation and Labor Supply: Evidence from Canada
(Université de Montréal. Département de sciences économiques., 1999)
This paper examines empirically the effects of distortionary taxation on labor supply using a general equilibrium framework. The long-term relations predicted by the model are derived and tested using Canadian data between ...
The Shape of the Risk Premium: Evidence from a Semiparametric Garch Model
(Université de Montréal. Département de sciences économiques., 1999)
We examine the relationship between the risk premium on the S&P 500 index return and its conditional variance. We use the SMEGARCH - Semiparametric-Mean EGARCH - model in which the conditional variance process is EGARCH ...
Paretian Quasi-Orders: Two Agents
(Université de Montréal. Département de sciences économiques., 1999)
We characterize Paretian quasi-orders in the two-agent continuous case.
Les facteurs declencheurs des crises financieres internationales
(Université de Montréal. Département de sciences économiques., 1999)
Ce rapport s'inscrit dans la problematique soulevée par l'insistance des milieux financiers américains et du Trésor américain à libéraliser et à globaliser les mouvements internationaux de capitaux. Dans cette perspective, ...
Semi-Parametric Weak Instrument Regressions with an Application to the Risk-Return Trade-off
(Université de Montréal. Département de sciences économiques., 1999)
Recent work shows that a low correlation between the instruments and the included variables leads to serious inference problems. We extend the local-to-zero analysis of models with weak instruments to models with estimated ...
Jumps in the Volatility of Financial Markets
(Université de Montréal. Département de sciences économiques., 1999)
Recent work suggests that the conditional variance of financial returns may exhibit sudden jumps. This paper extends a non-parametric procedure to detect discontinuities in otherwise continuous functions of a random variable ...
Sector-Specific on-the-Job Training: Evidence from U.S. Data
(Université de Montréal. Département de sciences économiques., 1999)
Using data from the National Longitudinal Survey of Youth (NLSY), we re-examine the effect of formal on-the-job training on mobility patterns of young American workers. By employing parametric duration models, we evaluate ...
Sector-Specific Training and Mobility in Germany
(Université de Montréal. Département de sciences économiques., 1999)
This article studies mobility patterns of German workers in light of a model of sector-specific human capital. Furthermore, I employ and describe little-used data on continuous on-the-job training occurring after ...
Wage Flexibility and Contract Structure in Germany
(Université de Montréal. Département de sciences économiques., 1999)
In this paper, we look at how labor market conditions at different points during the tenure of individuals with firms are correlated with current earnings. Using data on individuals from the German Socioeconomic Panel for ...
Coherent Cost-Sharing Rules
(Université de Montréal. Département de sciences économiques., 1999)
We reconsider the discrete version of the axiomatic cost-sharing model. We propose a condition of (informational) coherence requiring that not all informational refinements of a given problem be solved differently from the ...