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Referierte Aufsätze Web of Science
This paper presents the first comparative analysis of the relationship between natural gas storage utilization and price patterns at three major European trading points. Using two indirect tests developed by (Fama and French, 1987) and (Fama and French, 1988) that are applied in other commodity markets, we impose the no arbitrage condition to model the efficiency of the natural gas market. The results ...
In:
Energy Policy
37 (2009), 12, S. 5432-5439
| Marcus Stronzik, Margarethe Rammerstorfer, Anne Neumann
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Referierte Aufsätze Web of Science
This article extends previous research about the determinants of reservation wages by analysing the effect of progressive income taxation on the ratio between reservation and net market wages. Based on micro data for Germany Socio-Economic-Panel (SOEP) we show that joint income taxation in Germany which discriminates by marital status, has a strong and highly significant impact on the reservation/market ...
In:
Applied Economics Letters
16 (2009), 9, S. 877-883
| Marco Caliendo, Ludovica Gambaro, Peter Haan
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Referierte Aufsätze Web of Science
Immigrants are much less likely to own their homes than natives, even after controlling for a broad range of life-cycle and socioeconomic characteristics and housing market conditions. This paper extends the analysis of immigrant housing tenure choice by explicitly accounting for ethnic identity as a potential influence on the homeowner-ship decision, using a two-dimensional composite index of ethnic ...
In:
Urban Studies
46 (2009), 9, S. 1879-1898
| Amelie Constant, Rowan Roberts, Klaus F. Zimmermann
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Referierte Aufsätze Web of Science
This paper analyzes the inequality and determinants of flexibility in smallholder land access in post-war northern Mozambique. This paper demonstrates that high land endowments in aggregate do not imply equal access to cultivated or fallow land at the household level, even if land access has some flexibility across time. A formal test establishes the low extent of flexibility in land access at the ...
In:
World Development
37 (2009), 8, S. 1379-1389
| Tilman Brück, Kati Schindler
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Referierte Aufsätze Web of Science
This paper argues that the assumption of strict exogeneity, which is usually invoked in estimating models of state dependence with unobserved heterogeneity, is violated in the poverty context as important variables determining contemporaneous poverty status, in particular employment status and household composition, are likely to be influenced by past poverty outcomes. Therefore, a model of state dependence ...
In:
Journal of Applied Econometrics
24 (2009), 7, S. 1095-1116
| Martin Biewen
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Referierte Aufsätze Web of Science
While there is little doubt that the probability of poor health increases with age, and that less healthy people face a more difficult situation on the labor market, the precise relationship between facing the risks of health deterioration and labor market instability is not well understood. Using 12 years of data from the German Socio-Economic Panel we study the nature of the relationship between ...
In:
Journal of Health Economics
28 (2009), 6, S. 1116-1125
| Peter Haan, Michal Myck
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Referierte Aufsätze Web of Science
In this paper we examine the labour quality explanation of the employer size-wage gap: larger firms pay higher wages because they employ more skilled workers. Most previous studies control for unobserved skills of workers by applying the fixed-effects estimator to longitudinal data, thus assuming time-invariant unobserved individual heterogeneity. We release this assumption by using a sample of moonlighters; ...
In:
The Manchester School
77 (2009), 6, S. 651-674
| Alexander Muravyev
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Referierte Aufsätze Web of Science
In the era of Basel II a powerful tool for bankruptcy prognosis is vital for banks. The tool must be precise but also easily adaptable to the bank's objectives regarding the relation of false acceptances (Type I error) and false rejections (Type II error). We explore the suitability of smooth support vector machines (SSVM), and investigate how important factors such as the selection of appropriate ...
In:
Journal of Forecasting
28 (2009), 6, S. 512-534
| Wolfgang Härdle, Yuh-Jye Lee, Dorothea Schäfer, Yi-Ren Yeh
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Referierte Aufsätze Web of Science
Economic losses caused by tropical cyclones have increased dramatically. Historical changes in losses are a result of meteorological factors (changes in the incidence of severe cyclones, whether due to natural climate variability or as a result of human activity) and socio-economic factors (increased prosperity and a greater tendency for people to settle in exposed areas). This paper aims to isolate ...
In:
Environmental Impact Assessment Review
29 (2009), 6, S. 359-369
| Silvio Schmidt, Claudia Kemfert, Peter Höppe
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Referierte Aufsätze Web of Science
This paper examines the impact of underachievement on inequality of educational opportunities. It also investigates whether personality traits are a mediating mechanism between social origin and underachievement. Underachievement is defined as achieving a school attainment that is below the individual cognitive learning potential, measured by tests of fluid intelligence. The paper develops a definition ...
In:
Zeitschrift für Soziologie
38 (2009), 5, S. 418-440
| Johannes Uhlig, Heike Solga, Jürgen Schupp