Browsing DFAEII by Title
Now showing items 20-39 of 149
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Business cycles in a small open economy: The case of Hong Kong
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-12)This paper analyzes the business cycle properties of the Hong Kong economy during the 1982-2004 period, which includes the financial crisis experienced in 1997-98. We show that output, output growth rate and real interest ... -
Can the change in the composition of the US GDP explain the Great Moderation? A test via oil price shocks
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)The paper investigates whether the growing GDP share of the services sector can contribute to explain the great moderation in the US. We identify and analyze three oil price shocks and use a SVAR analysis to measure their ... -
Career Planning in Spain: Do temporary contracts delay marriage and motherhood?
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2003-04)The aim of this paper is to find an empirical connection between the impressive increase in the use of temporary contracts in Spain and the observed increase in age at marriage and maternity. Using a pool of the six available ... -
Ceilings and Floors? Gender Wage Gaps by Education in Spain
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005)This paper analyses the gender wage gaps by education throughout the wage distribution in Spain using individual data from the ECHP (1999). Quantile regressions are used to estimate the wage returns to the different ... -
Competitive Pressure and Job Interview Lying: A Game Theoretical Analysis
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)We consider a job contest in which candidates go through interviews (cheap talk) and are subject to reference checks. We show how competitive pressure - increasing the ratio of "good" to "bad" type candi- dates - can ... -
Computing abuse related damages in the case of new entry: An illustration for the Directory Enquiry Services market
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2006-07)A number of European countries, among which the UK and Spain, have opened up their Directory Enquiry Services (DQs, or 118AB) market to competition. We analyse the Spanish case, where both local and foreign firms challenged ... -
Consumer Confidence and Yield Spreads in Europe
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-02)This paper shows the extraordinary capacity of yield spreads to anticipate consumption growth as proxy by the Economic Sentiment Indicator elaborated by the European Commission in order to predict turning points in business ... -
Consumer Expertise or Credit Risk? An empirical analysis of mortgage pricing
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)Loan mortgage interest rates are usually the result of a bank-customer negotiation process. Credit risk, consumer cross-buying potential, bundling, financial market competition and other features affecting the bargaining ... -
Cyclical Features of Uzawa-Lucas Endogenous Growth Model
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-07)This paper analyzes the cyclical properties of a generalized version of Uzawa-Lucas endogenous growth model. We study the dynamic features of different cyclical components of this model characterized by a variety of ... -
Data Revisions in the Estimation of DSGE Models
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2012)Revisions of US macroeconomic data are not white-noise. They are persistent, correlated with real-time data, and with high variability (around 80% of volatility observed in US real-time data). Their business cycle effects ... -
Decomposing the Gender Wage Gap: The effect of firms, occupations and Job Stratification
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002)This paper presents new evidence on the role of segregation into firms, occupations within a firm and stratification into professional categories within firm-occupations in explaining the gender wage gap. I use a generalized ... -
Demand for Cultural Heritage
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2011-11)The concept of cultural heritage has experienced a process of extension during the past few decades. Because it is a cultural construction, it is subject to differences in appreciation based on contextual and institutional ... -
Democratic Values Transmission
(2013-01)This study addresses the issue of intergenerational transmission of democratic values embedded in social choice rules. We focus on a few rules which have been the focus of social choice theory: plurality, plurality with a ... -
Discounting future pain: Effects on self-reported pain
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2010-07)Empirical results are presented showing that people who acknowledge pain anticipation when expecting an injury experience higher sensitivity to pain (GREP, Robinson et al., 2001). The positive correlation between sensitivity ... -
Do experimental subjects favor their friends?
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2005-06)Ideally we would like subjects of experiments to be perfect strangers so that the situation they face at the lab is not just part of a long run interaction. Unfortunately, it is not easy to reach those conditions and ... -
Does Immigration Raise Natives’ Income? National and Regional Evidence from Spain
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2008-04)How immigration affects the labor market of the host country is a topic of major concern for many immigrant-receiving nations. Spain is no exception following the rapid increase in immigrant flows experienced over the past ... -
Does the Term Spread play a role in the FED's reaction function? An Empirical Investigation
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2004)Using US data for the period 1967:5-2002:4, this paper empirically investigates the performance of a Fed’s reaction function (FRF) that (i) allows for the presence of switching regimes, (ii) considers the long-short term ... -
Dynamic Inefficiency in an Overlapping Generation Economy with Pollution and Health Costs
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2002-01)We analyze an overlapping generations model in which pollution arises, in an accumulatively way, from production. Householders do not care directly about the environment, but pollution leads them to incur health costs when ... -
Economic Effects of Global Warming under Stock Growth Uncertainty: The European Sardine Fishery
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2013)Global warming of the oceans is expected to alter the environmental conditions that determine the growth of a fishery resource. Most climate change studies are based on models and scenarios that focus on economic growth, ... -
Education and the dynamics of family decisions
(University of the Basque Country, Department of Foundations of Economic Analysis II, 2009-04)This paper investigates the extent to which a biased transmission of educational endowments affects fertility. To this end, we devise a version of Becker’s family decision model that takes preference change into account. ...