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Special Issue On The Economic Effects Of Minimum Wages In Germany: Editorial, Alfredo Paloyo, Sandra Schaffner, Christoph Schmidt
Special Issue On The Economic Effects Of Minimum Wages In Germany: Editorial, Alfredo Paloyo, Sandra Schaffner, Christoph Schmidt
Alfredo R Paloyo
This special issue of the German Economic Review addresses one of the most contentious areas of modern labor economics: the economic effects of statutory minimum wages. This topic is as challenging intellectually as the publication of these studies is timely. With respect to the analytical challenge to be mastered, the history of labor economic thought on this issue demonstrates the vicissitudes of empirical research in all the social sciences, not the least in Economics, which operate in an ever-changing environment, with new preferences, new institu- tions and new data emerging all the time. In fact, within the realm of econom- …
Editorial: On The Orthography Of Heteros Edasticity, Alfredo Paloyo
Editorial: On The Orthography Of Heteros Edasticity, Alfredo Paloyo
Alfredo R Paloyo
Karl Pearson (Pearson, 1905) introduced the concept of heteroscedasticity in 1905 (Aldrich, 2011; David, 1998): '[T]he variability of an array, i.e., the standard deviation of an array ...may or may not be the same for all arrays. If it is the same, or all arrays are equally scattered about their means, I shall speak of the system as a homoscedastic system, otherwise it is a heteroscedastic system.' However, McCulloch (1985) argued that, since the term was coined directly from Greek source words into English (and not through French or Latin), '[h]eteroskedasticity is therefore the proper English spelling'. The Greek words …
Evaluating The Labor-Market Effects Of Compulsory Military Service, Thomas Bauer, Stefan Bender, Alfredo Paloyo, Christoph Schmidt
Evaluating The Labor-Market Effects Of Compulsory Military Service, Thomas Bauer, Stefan Bender, Alfredo Paloyo, Christoph Schmidt
Alfredo R Paloyo
We identify the causal effect of compulsory military service on conscripts' subsequent labor-market outcomes by exploiting the regression-discontinuity design of the military draft in Germany during the 1950s. Consistent estimates of military service on lifetime earnings, wages, and days of employment are obtained by comparing men born before July 1, 1937 (the "White Cohort") who were exempted from compulsory military service to men who were born on or shortly after this threshold date and who faced a positive probability of being drafted. We find that the putative earnings advantage and wage premium of those who served in the armed forces …
The Regional Economic Effects Of Military Base Realignments And Closures In Germany, Alfredo Paloyo, Colin Vance, Matthias Vorell
The Regional Economic Effects Of Military Base Realignments And Closures In Germany, Alfredo Paloyo, Colin Vance, Matthias Vorell
Alfredo R Paloyo
We identify the causal effect of a reduction in military personnel on a number of socioeconomic indicators within the peripheries of military bases. The base realignments and closures in Germany are used as an exogenous source of variation that allows us to identify the effect of a demand shock on household income, output, unemployment, and tax revenue within a specified buffer zone around each base. The analysis covers 298 communities for the period 2003-2007. Consistent with evidence found elsewhere, we find that these base adjustments have only a marginal impact on the local community in which the bases are located.