Suchergebnisse

Using British county data for full‐time male manual workers we extend earlier work to investigate wage and earning curves. We distinguish between total earnings and hourly wages for standard hours, uncontaminated by overtime premium. Using data from 1980–1995 we find that earnings behaviour is dominated by volatile hours in the short run, while wage growth is highly sensitive to the level of unemployment as in the classical Phillips curve with macro data. Macro evidence for sticky wages is thus confirmed at the local level, and the wage curve of rapid adjustment is rejected for normal hourly wages.

Using British county data for full-time male manual workers, we extend earlier work to investigate wage & earning curves. We distinguish between total earnings & hourly wages for standard hours, uncontaminated by overtime premium. Using data from 1980-1995, we find that earnings behavior is dominated by volatile hours in the short run, while wage growth is highly sensitive to the level of unemployment as in the classical Phillips curve with macrodata. Macroevidence for sticky wages is thus confirmed at the local level, & the wage curve of rapid adjustment is rejected for normal hourly wages. 5 Tables, 1 Figure, 1 Appendix, 23 References. Adapted from the source document.

The term structure of interest rates, also known as yield curve, is defined as the relationship between the yield to maturity on a zero coupon bond and the bond's maturity. Zero yield curves play an essential role in the valuation of all financial products. Yield curves can be derived from government bonds or LIBOR/swap instruments. The LIBOR/swap term structure offers several advantages over government curves, and is a robust tool for pricing and hedging financial products. Correlations among governments and other fixed income products have declined, making the swap term structure a more efficient hedging and pricing vehicle. ; https://ia801406.us.archive.org/33/items/ir-curve-introduction-1_202105/IrCurveIntroduction-1.pdf

When Americans think about private education, what likely comes to mind are posh-sounding names like Milton or Collegiate, where the elites of Boston and Manhattan -- for the low, low price of $40,000 a year -- send their offspring to give them a small leg up in the race to Harvard or Yale. For many countries in Africa, Latin America, and Asia, one of the most dramatic changes over the past couple of generations has been the number of children who go to school. Take the West African country of Guinea-Bissau, where practically all of the country's primary-school-age kids had entered the formal education system in 2010 and nearly two-thirds were completing the full six years of primary school. The pressure on developing-country education systems to deliver learning results is growing. They are shamed by published test results from international organizations like the OECD and by local civil society groups like Uwezo in East Africa and Pratham in India. Adapted from the source document.