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Frédérique Fève et Jean-Pierre Florens
vol. 13, n° 3, octobre 2010, p. 1–27
Pascal Belan, Martine Carré et Stéphane Gregoir
vol. 17, n° 5, octobre 2010, p. 776–788
We introduce a matching model that allows for classical and frictional unemployment. The labor market is dual featuring low-skilled and high-skilled workers and simple and complex jobs. Simple jobs pay a minimum wage, while wages in the complex jobs are determined by Nash bargaining. Opportunities...
Stéphane Gregoir
vol. 26, n° 5, octobre 2010, p. 1491–1528
We extend the framework of the fully modified, ordinary least squares (OLS) estimator introduced by Phillips and Hansen (1990) to the case of seasonally cointegrated processes at a given frequency. First we extend a weak convergence result of sample covariance matrices (Phillips, 1988) to the case...
Céline Nauges et Alban Thomas
sous la direction de Quentin R. Grafton et Karen Hussey, Cambridge University Press, chapitre 18, octobre 2010
Augustin Landier et David Thesmar
27 octobre 2010
Laurent Gobillon, Thierry Magnac et Harris Selod
n° 10-201, 25 octobre 2010
This paper is a statistical evaluation of the 1997 enterprise zone program in France. We investigate whether the program increased the pace at which unemployed workers residing in targeted municipalities and surrounding areas find employment. The work relies on a two- stage analysis of unemployment...
Gilles Saint-Paul
21 octobre 2010
Emmanuelle Auriol
12 octobre 2010
Giuseppe Marco Attanasi et Aldo Montesano
n° 10-193, septembre 2010
In this paper ambiguity aversion is measured through the maximum price the decision maker is willing to pay in order to know the probability of an event. Two comparative problems are examined in which the decision maker faces an act: in one case buying information implies playing a lottery, while...
Augustin Landier, David Sraer et David Thesmar
n° 10-199, septembre 2010
Using loan level data, we investigate the lending behavior of a large subprime mortgage issuer prior to its bankruptcy in the beginning of 2007. In 2004, this firm suddenly started to massively issue new loans contracts that featured deferred amortization ("interestonly loans") to high income and...
