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Articles 1 - 17 of 17
Full-Text Articles in Social and Behavioral Sciences
Tables Of Percentage Points Of The K-Variate Normal Distribution For Large Values Of K, William C. Horrace
Tables Of Percentage Points Of The K-Variate Normal Distribution For Large Values Of K, William C. Horrace
Economics - All Scholarship
This paper gives tabulations of the upper a percentage points of the maximum absolute value of the k-variate normal distribution with common correlation p for values of k as high as 500. The tables are useful for performing multiple comparison procedures in experiments with large numbers of treatments.
Accounting For Disability Insurance In The Dynamic Relationship Between Disability Onset And Earnings, Perry Singleton
Accounting For Disability Insurance In The Dynamic Relationship Between Disability Onset And Earnings, Perry Singleton
Economics - All Scholarship
The onset of a work-limiting disability coincides with an immediate decline in earnings with little recovery. This study examines whether this relationship is attributable to the labor disincentives of disability insurance. The data come from the Survey of Income and Program Participation linked to administrative data from the Social Security Administration. The analysis suggests that disability insurance accounts for little of the initial drop in earnings at the time of disability onset, but its effect may increase as time since disability onset elapses. The results highlight the advantages of immediate, though temporary disability benefits.
November 2010, Syracuse Department Of Economics
November 2010, Syracuse Department Of Economics
Economics - All Scholarship
No abstract provided.
New York Camp Econometrics V Program, Center For Policy Research
New York Camp Econometrics V Program, Center For Policy Research
Camp Econometrics-Programs
No abstract provided.
Using Actual Betting Percentages To Analyze Sportsbook Behavior: The Canadian And Arena Football Leagues, Rodney Paul, Andrew P. Weinbach, Kristin K. Paul
Using Actual Betting Percentages To Analyze Sportsbook Behavior: The Canadian And Arena Football Leagues, Rodney Paul, Andrew P. Weinbach, Kristin K. Paul
Falk College Research Center
Sportsbook behavior is tested for the Canadian and Arena Football Leagues using real sportsbook betting percentages from on-line sportsbooks. The balanced book hypothesis of the traditional sportsbook models does not appear to hold for these leagues, as favorites and overs attract more than 50 percent of the betting dollars. Although there is some slight evidence toward shading the line in these directions, there is also no overwhelming evidence supporting the Levitt (2004) hypothesis, as sportsbooks do not appear to be actively pricing to maximize profits. In general, the results seem more consistent with the sportsbook pricing as a forecast, content …
A Dynamic Spatial Panel Data Approach To The German Wage Curve, Badi H. Baltagi, Uwe Blien, Katja Wolf
A Dynamic Spatial Panel Data Approach To The German Wage Curve, Badi H. Baltagi, Uwe Blien, Katja Wolf
Center for Policy Research
A wage curve is a decreasing function of wages on the regional unemployment rate. Most empirical studies on the wage curve ignore possible spatial interaction effects between the regions which are the primary units of research. This paper reconsiders the western German wage curve with a special focus on the geography of labour markets. Spillovers between regions are taken into account. The paper tests whether the unemployment rate in the larger surrounding region also affects wages. In addition, agglomeration effects and effects of local monopsony are assessed. The main data base is a random sample of 974,179 employees observed over …
Seemingly Unrelated Regressions With Spatial Error Components, Badi H. Baltagi, Alain Pirotte
Seemingly Unrelated Regressions With Spatial Error Components, Badi H. Baltagi, Alain Pirotte
Center for Policy Research
This paper considers various estimators using panel data seemingly unrelated regressions (SUR) with spatial error correlation. The true data generating process is assumed to be SUR with spatial error of the autoregressive or moving average type. Moreover, the remainder term of the spatial process is assumed to follow an error component structure. Both maximum likelihood and generalized moments (GM) methods of estimation are used. Using Monte Carlo experiments, we check the performance of these estimators and their forecasts under misspecification of the spatial error process, various spatial weight matrices, and heterogeneous versus homogeneous panel data models.
Hedonic Wage Equilibrium: Theory, Evidence And Policy, Thomas J. Kniesner, John D. Leeth
Hedonic Wage Equilibrium: Theory, Evidence And Policy, Thomas J. Kniesner, John D. Leeth
Economics - All Scholarship
We examine theoretically and empirically the properties of the equilibrium wage function and its implications for policy. Our emphasis is on how the researcher approaches economic and policy questions when there is labor market heterogeneity leading to a set of wages. We focus on the application where hedonic models have been most successful at clarifying policy relevant outcomes and policy effects, that of the wage premia for fatal injury risk. Estimates of the overall hedonic locus we discuss imply the so-called value of a statistical life (VSL) that is useful as the benefit value in a cost-effectiveness calculation of government …
Alternative Technical Efficiency Measures: Skew, Bias And Scale, Qu Feng, William C. Horrace
Alternative Technical Efficiency Measures: Skew, Bias And Scale, Qu Feng, William C. Horrace
Economics - All Scholarship
In the fixed-effects stochastic frontier model an efficiency measure relative to the best firm in the sample is universally employed. This paper considers a new measure relative to the worst firm in the sample. We find that estimates of this measure have smaller bias than those of the traditional measure when the sample consists of many firms near the efficient frontier. Moreover, a two-sided measure relative to both the best and the worst firms is proposed. Simulations suggest that the new measures may be preferred depending on the skewness of the inefficiency distribution and the scale of efficiency differences.
The Long-Run Labor-Market Consequences Of Civil War: Evidence From The Shining Path In Peru, Jose Galdo
The Long-Run Labor-Market Consequences Of Civil War: Evidence From The Shining Path In Peru, Jose Galdo
Economics - All Scholarship
This study exploits district-level variation in the timing and intensity of civil war violence to investigate whether early-life exposure to civil wars affects labor-market outcomes later in life. In particular, we examine the impacts of armed conflict in Peru, a country that experienced the actions of a tenacious, brutally effective war machine, the Shining Path, between 1980 and 1995. This study finds that the most sensitive period to early-life exposure to civil war violence is the first 36 months of life. A one standard deviation increase in civil war exposure leads to a four percent fall in adult monthly earnings. …
Insuring Against Drought‐Related Livestock Mortality: Piloting Index Based Livestock Insurance In Northern Kenya, Andrew G. Mude, Sommarat Chantarat, Christopher B. Barrett, Michael R. Carter, Munenobu Ikegami, John G. Mcpeak
Insuring Against Drought‐Related Livestock Mortality: Piloting Index Based Livestock Insurance In Northern Kenya, Andrew G. Mude, Sommarat Chantarat, Christopher B. Barrett, Michael R. Carter, Munenobu Ikegami, John G. Mcpeak
Economics - All Scholarship
Climate related shocks are among the leading cause of production and efficiency losses in smallholder crop and livestock production in rural Africa. Consequently, the identification of tools to help manage the risks associated with climactic extremities is increasingly considered to be amongst the key pillars of any agenda to enhance agricultural growth and welfare in rural Africa. This paper describes the application of a promising innovation in insurance design – index‐based insurance – that seeks to bring the benefits of formal insurance to help manage the weather‐related risks faced by rural crop and livestock producers in low‐income countries. In particular, …
April 2010, Syracuse Department Of Economics
April 2010, Syracuse Department Of Economics
Economics - All Scholarship
No abstract provided.
Alternative Technical Efficiency Measures: Skew, Bias, And Scale, Qu Feng, William C. Horrace
Alternative Technical Efficiency Measures: Skew, Bias, And Scale, Qu Feng, William C. Horrace
Economics - All Scholarship
In the fixed-effects stochastic frontier model an efficiency measure relative to the best firm in the sample is universally employed. This paper considers a new measure relative to the worst firm in the sample. We find that estimates of this measure have smaller bias than those of the traditional measure when the sample consists of many firms near the efficient frontier. Moreover, a two-sided measure relative to both the best and the worst firms is proposed. Simulations suggest that the new measures may be preferred depending on the skewness of the inefficiency distribution and the scale of efficiency differences.
Panel Data Inference Under Spatial Dependence, Badi H. Baltagi, Alain Pirotte
Panel Data Inference Under Spatial Dependence, Badi H. Baltagi, Alain Pirotte
Center for Policy Research
This paper focuses on inference based on the usual panel data estimators of a one-way error component regression model when the true specification is a spatial error component model. Among the estimators considered, are pooled OLS, random and fixed effects, maximum likelihood under normality, etc. The spatial effects capture the cross-section dependence, and the usual panel data estimators ignore this dependence. Two popular forms of spatial autocorrelation are considered, namely, spatial auto-regressive random effects (SAR-RE) and spatial moving average random effects (SMA-RE). We show that when the spatial coefficients are large, test of hypothesis based on the usual panel data …
Binary Economics - An Overview, Robert Ashford
Binary Economics - An Overview, Robert Ashford
College of Law - Faculty Scholarship
Based on binary economic principles, this paper asserts that one widely overlooked way to empower economically poor and working people in market economy is to universalize the right to acquire capital with the earnings of capital. This right is presently largely concentrated, as a practical matter, in less than 5 % of the population. The concentration of the right to acquire capital with the earnings of capital helps to explain how people either remain poor or end up poor no matter how hard they work or are willing to work. Binary Economics offers a conception of economics that is foundationally …
Eliminating The Underlying Cause Of Poverty As A Means To Global Economic Recovery, Robert Ashford
Eliminating The Underlying Cause Of Poverty As A Means To Global Economic Recovery, Robert Ashford
College of Law - Faculty Scholarship
The public analysis of the causes of the current recession and the ways to achieve economic recovery generally proceed on the widely-shared, tacit assumption that there is that there is no substantial, first-order connection between the recession and the failure to address the problem of systemic poverty. Otherwise, the need to alleviate systemic poverty and needed solutions to promote economic recovery would be commonly addressed in the same discussions; and they are not. This widely-shared, tacit assumption is false. The failure to reverse systemic poverty is the fundamental cause of current economic crisis. Recessions (and sub-optimal growth) occur when a …
Trusts Versus Corporations: An Empirical Analysis Of Competing Organizational Forms, A. Joseph Warburton
Trusts Versus Corporations: An Empirical Analysis Of Competing Organizational Forms, A. Joseph Warburton
College of Law - Faculty Scholarship
This paper studies the effects of organizational form on managerial behavior and firm performance, from an empirical perspective. Managers of trusts are subject to stricter fiduciary responsibilities than managers of corporations. This paper examines the ramifications empirically, by exploiting data generated by a change in British regulations in the 1990s that allowed mutual funds to organize as either a trust or a corporation. I find evidence that trust law is effective in curtailing opportunistic behavior, as trust managers charge significantly lower fees than their observationally equivalent corporate counterparts. Trust managers also incur lower risk. However, evidence suggests that trust managers …