Long-run restrictions have been used extensively for identifying structural shocks in vector autoregressive (VAR) analysis. Such restrictions are typically just-identifying but can be checked by utilizing changes in volatility. This paper reviews and contrasts the volatility models that have been used for this purpose. Three main approaches have been used, exogenously generated changes in the unconditional ...
13.07.2015, 14.00-17.30 14.07.2015, 09.00-12.30
22.01.2015, 14.00-17.30 23.01.2015, 09.00-12.30
30.03.2015, 14.00-17.30 31.03.2015, 09.00-12.30
Marvin Petrenz joined the SOEP in early November as our new trainee Specialist in Market and Social Research. He is thus the fourth “cohort” of students trained in the SOEP for this profession. Marvin comes from the field of product design and will be contributing his own expertise in the area of surveys.
This paper studies the causal effects of graduating from university with an honors degree on subsequent earnings. While a rich body of literature has focused on estimating returns to human capital, few studies have analyzed returns at the very top of the education distribution. We highlight the importance of honors degrees for future labor market success in the context of German law graduates. Using ...
