scholarly journals Eligibility, experience rating, and unemployment insurance take‐up

10.3982/qe940 ◽  
2020 ◽  
Vol 11 (3) ◽  
pp. 1059-1107 ◽  
Author(s):  
Stéphane Auray ◽  
David L. Fuller
Keyword(s):  
Unemployment Insurance ◽  
Unemployment Rate ◽  
Fixed Effects ◽  
Relative Size ◽  
Negative Relationship ◽  
Empirical Support ◽  
Minimal Impact ◽  
Eligibility Requirements ◽  
Fixed Effects Regression ◽  
Collection Costs

In this paper, we investigate the causes and consequences of “unclaimed” unemployment insurance (UI) benefits. A search model is developed where the costs to collecting UI benefits include both a traditional “fixed” administrative cost and an endogenous cost arising from worker and firm interactions. Experience rated taxes give firms an incentive to challenge a worker's UI claim, and these challenges are costly for the worker. Exploiting data on improper denials of UI benefits across states in the U.S. system, a two‐way fixed effects analysis shows a statistically significant negative relationship between the improper denials and the UI take‐up rate, providing empirical support for our model. We calibrate the model to elasticities implied by the two‐way fixed effects regression to quantify the relative size of these UI collection costs. The results imply that on average the costs associated with firm challenges of UI claims account for 41% of the total costs of collecting, with improper denials accounting for 8% of the total cost. The endogenous collection costs imply the unemployment rate responds much slower to changes in UI benefits relative to a model with fixed collection costs. Finally, removing all eligibility requirements and allowing workers to collect UI benefits without cost shows these costs to be 4.5% of expected output net of vacancy costs. Moreover, this change has minimal impact on the unemployment rate.

The Relationship Between Household Credit and Banking Stability in Malaysia: Panel Evidence

2021 ◽  
Vol 23 (2) ◽  
pp. 155
Author(s):  
NURHUDA NIZAR ◽  
Zulkefly Abdul Karim
Keyword(s):  
Fixed Effects ◽  
Consumer Credit ◽  
Negative Relationship ◽  
Stability Index ◽  
Bank Stability ◽  
Significant Negative Relationship ◽  
Banking Stability ◽  
Household Credit ◽  
Fixed Effects Regression ◽  
The Relationship

This study investigates the relationship between household credit and banking stability in Malaysia using a sample of 37 commercial banks spanning the period from 2008 to 2015. In analyzing household credit’s influence on the Malaysian banking sector’s stability, household credit was categorized into two components, namely mortgage and consumer credit. The Banking Stability Index (BSI) for each bank is constructed using 15 bank-specific variables and some macro-economic variables. The determinants of the BSI are estimated using a static panel data technique. The fixed-effects regression results showed a statistically significant negative relationship between both forms of household credit (mortgage credit and consumer credit) upon the banking sector’s stability. The finding signals that understanding the link between household credit and the Bank Stability Index is crucial to the policymakers and the banks’ management in closely monitoring household credit, particularly mortgage and consumer credit.

scholarly journals Determinants of Capital Structure: Evidence from Jordan

2019 ◽  
Vol 8 (4) ◽  
pp. 186
Author(s):  
Sufian Radwan Almanaseer
Keyword(s):  
Capital Structure ◽  
Fixed Effects ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Firm Characteristics ◽  
Financial Leverage ◽  
Significant Negative Relationship ◽  
Amman Stock Exchange ◽  
Fixed Effects Regression ◽  
The Relationship

This study aimed to explore the determinants of the capital structure of the banks listed in the Amman Stock Exchange. A sample of 13 Jordanian commercial banks of 16 banks listed on the Amman Stock Exchange selected for the period 2008-2017. The current study applied a fixed-effects regression model by using e-views to analyze the relationship between financial leverage and firm characteristics such as Risk, Size, profitability, Growth, liquidity, Tax, Age, tangibility, and macroeconomic variables such as Gross Domestic Product, Inflation. The study finds a significant positive relationship between financial leverage, age, growth, risk, size, and tax. Also, the study finds a significant negative relationship between financial leverage with GDP, inflation, liquidity, profitability, and tangibility.

scholarly journals Any differences in the dividend policy between national and regional banks?

2011 ◽  
Vol 9 (1) ◽  
pp. 405-411 ◽  
Author(s):  
Seok Weon Lee
Keyword(s):  
Capital Market ◽  
Fixed Effects ◽  
Positive Relationship ◽  
Dividend Policy ◽  
Negative Relationship ◽  
Growth Opportunity ◽  
Fixed Effects Regression ◽  
Regional Banks ◽  
Correct Signal ◽  
Future Growth

This study compares the dividend policy of Korean national and regional banks by identifying the factors that may determine the payout ratio of the banks using the sample over 1994-2008 periods. Based on the fixed effects regression estimation, this study finds that the payout ratio of national banks appears to be more significantly and closely related to the variables such as debt ratio (negative relationship), future growth opportunity (negative relationship), profitability (positive relationship), and outside ownership (positive relationship) than regional banks. These results are appealing intuitively considering that generally national banks are larger banks and more actively traded in capital market, and therefore, national banks would be subject to greater indirect market discipline and pressure in dividend market. Thus, national banks may receive more pressure than regional banks to send the correct signal to the market through the dividend policy. Therefore the pattern of dividend policy for national banks would be more significant and predictable compared to regional banks.

scholarly journals Lockdown benefit varies among countries and sub-national units: a reanalysis of the data by Bendavid et al. (2021)

2021 ◽  
Author(s):  
Lukas Boesch
Keyword(s):  
Growth Rates ◽  
Fixed Effects ◽  
Regression Models ◽  
Empirical Support ◽  
Mixed Effects ◽  
Point Of View ◽  
Pairwise Comparisons ◽  
Fixed Effects Regression ◽  
Pharmaceutical Interventions ◽  
At Home

AbstractAre the lockdown measures limiting the propagation of COVID-19? Recent analyses on the effectiveness of non-pharmaceutical interventions in reducing COVID-19 growth rates delivered conflicting conclusions. While Haug et al. (2020) did find strong empirical support for reductions in COVID-19 growth rates, Bendavid et al. (2021) did not. Here, I present the results of a reanalysis of the data by Bendavid et al. (2021). Instead of relying on pairwise comparisons between 10 countries with fixed-effects regression models to isolate the effect of lockdown measures, I modelled the development of the pandemic with and without lockdown measures for the entire period and all countries included in the data with one mixed-effects regression model. My results reconciled the conflicting conclusions of Haug et al. (2020) and Bendavid et al. (2021): while mandatory business closure orders did not affect COVID-19 growth rates, a general decrease in COVID-19 growth rates was attributable to the implementation of mandatory stay-at-home orders. However, the effect of mandatory stay-at-home orders varied, being weaker, even zero, in some countries and sub-national units and stronger in others, where COVID-19 growth rates only decreased due to the implementation of mandatory stay-at-home orders. The heterogeneity in the effect of mandatory stay-at-home orders on the spread of COVID-19 is challenging from a scientific and political point of view.

scholarly journals Delaying Payments after the Financial Crisis: Evidence from EU Companies

2017 ◽  
Vol 65 (2) ◽  
pp. 447-463
Author(s):  
Isaac Kwame Essien Obeng
Keyword(s):  
European Union ◽  
Financial Crisis ◽  
Fixed Effects ◽  
Panel Data Analysis ◽  
Negative Relationship ◽  
Data Sets ◽  
The European Union ◽  
Macroeconomic Shocks ◽  
Fixed Effects Regression ◽  
The Given

The paper investigates economic impact of delayed payments caused by liquidity crisis in the European Union. Using micro data sets on financial statements of 54,277 firms for the period of 2005 to 2014 inclusive, we perform panel data analysis by estimating fixed effects regression models with selected macroeconomic shocks. The results show high variability of late payments during financial crisis compare to period of relative stable economic situations and late payments is significantly evident across countries under different economic conditions. Additionally, we identify positive relationship between the response variable, late payments, and firm profitability measured with returns on assets, but negative relationship with firm total assets as it depends on the speed of collections from receivables. The results suggest delays in payment of invoices beyond the given credit period across the different European Union member countries.

scholarly journals Ethnic Fractionalization, Corruption, and Trust in the Courts

2020 ◽  
Author(s):  
Sinan Nadarevic
Keyword(s):  
Latin American ◽  
Political Institutions ◽  
Fixed Effects ◽  
Empirical Support ◽  
Political Trust ◽  
Mediation Effect ◽  
Individual Level ◽  
Ethnic Fractionalization ◽  
Fixed Effects Regression ◽  
The Relationship

Prior research has examined the effects of ethnic fractionalization on trust in political institutions. However, most of the literature focuses on a general understanding of political trust, disregarding the relationship between ethnic fractionalization and individual trust in the legal system. I argue that high levels of ethnic fractionalization decrease trust in the courts. To provide empirical support for my theory, I use individual-level survey data from 32 African and Latin American countries from 2013 and I produce two findings. First, using multiple OLS fixed effects regression analysis, I find that ethnic fractionalization decreases trust in the courts. Second, using mediation analysis, I find that ethnic fractionalization indirectly decreases trust in the courts through the mediation effect of corruption. Consequently, ethnic fractionalization is essential to understanding trust in the courts and democratic institutions in general.

Dampak Kebijakan Moneter Pada Output Di Negara-Negara ASEAN Tahun 1980-2014

2017 ◽  
Vol 4 (1) ◽  
pp. 58-70
Author(s):  
Nur Widiastuti
Keyword(s):  
Monetary Policy ◽  
Interest Rate ◽  
Fixed Effects ◽  
Empirical Studies ◽  
Negative Relationship ◽  
Least Square ◽  
Fixed Effects Model ◽  
State Data ◽  
Ordinary Least Square ◽  
The Impact

The Impact of monetary Policy on Ouput is an ambiguous. The results of previous empirical studies indicate that the impact can be a positive or negative relationship. The purpose of this study is to investigate the impact of monetary policy on Output more detail. The variables to estimatate monetery poicy are used state and board interest rate andrate. This research is conducted by Ordinary Least Square or Instrumental Variabel, method for 5 countries ASEAN. The state data are estimated for the period of 1980 – 2014. Based on the results, it can be concluded that the impact of monetary policy on Output shown are varied.Keyword: Monetary Policy, Output, Panel Data, Fixed Effects Model

Linked in Life and Death: A Note on the Effect of Parental Death on Sibling Relations in Young and Middle Adulthood

2021 ◽  
pp. 0192513X2098556
Author(s):  
Karsten Hank
Keyword(s):  
Family Relationships ◽  
Fixed Effects ◽  
Family System ◽  
Parental Death ◽  
Spillover Effects ◽  
Three Dimensions ◽  
Life And Death ◽  
Sibling Relations ◽  
Fixed Effects Regression ◽  
Parent Child

Despite the important role of adult parent–child and sibling relations in the family system, only few studies have investigated yet, how the common adult experience of parental death impacts sibling relations. Estimating fixed-effects regression models using four waves of data from the German Family Panel (pairfam; n = 4,123 respondents), the present note focused on changes in three dimensions of adult siblings’ relationship qualities following the first parent’s death. Our analysis revealed a short-term positive effect of parental death on sibling contacts as well as longer-lasting increases in emotional closeness and conflicts. Next to an intensification of sibling relations following the first parent’s death, we also detected significant spillover effects from respondents’ relationship with the surviving parent to their sibling relations. Our analysis thus provided evidence for adult parent–child and sibling relations to be “linked in life and death,” underlining the benefits of jointly analyzing intra- and intergenerational family relationships.

The Importance of Oversight and Agency Capacity in Enhancing Performance in Public Service Delivery

2020 ◽  
Author(s):  
Cody A Drolc ◽  
Lael R Keiser
Keyword(s):  
Service Delivery ◽  
Performance Management ◽  
Fixed Effects ◽  
Poor Performance ◽  
Central Component ◽  
State Agencies ◽  
Public Programs ◽  
And Performance ◽  
Fixed Effects Regression ◽  
Social Security Disability

Abstract Government agencies often encounter problems in service delivery when implementing public programs. This undermines effectiveness and raise questions about accountability. A central component of responsiveness and performance management is that agencies correct course when problems are identified. However, public agencies have an uneven record in responding to problems. In this paper we investigate whether, and to what extent, capacity both within the agency and within institutions performing oversight, improves agency responsiveness to poor performance indicators. Using panel data on eligibility determinations in the Social Security Disability program from U.S. state agencies from 1991-2015 and fixed effects regression, we find that indicators of agency and oversight capacity moderate the relationship between poor performance and improvement. Our results suggest that investments in building capacity not only within agencies, but also within elected institutions, are important for successful policy implementation. However, we find evidence that while agency capacity alone can improve responsiveness to poor performance, the effect of oversight capacity on improving performance requires high agency capacity.

Board demographic diversity, firm performance and strategic change

2014 ◽  
Vol 37 (12) ◽  
pp. 1110-1136 ◽  
Author(s):  
Daniel Kipkirong Tarus ◽  
Federico Aime
Keyword(s):  
Firm Performance ◽  
Fixed Effects ◽  
Strategic Change ◽  
Secondary Data ◽  
Developed Countries ◽  
Outcome Variable ◽  
Demographic Diversity ◽  
Content Type ◽  
Fixed Effects Regression ◽  
High Level

Purpose – The purpose of this study is to examine the effect of boards’ demographic diversity on firms’ strategic change and the interaction effect of firm performance. Design/methodology/approach – This paper used secondary data derived from publicly listed firms in Kenya during 2002-2010 and analyzed the data using fixed effects regression model to test the effect of board demographic and strategic change, while moderated regression analysis was used to test the moderating effect of firm performance. Findings – The results partially supported board demographic diversity–strategic change hypothesis. In particular, results indicate that age diversity produces less strategic change, while functional diversity is associated with greater levels of strategic change. The moderated regression results do not support our general logic that high firm performance enhances board demographic diversity–strategic change relationship. In effect, the results reveal that at high level of firm performance, board demographic diversity produces less strategic change. Originality/value – Despite few studies that have examined board demographic diversity and firm performance, this paper introduces strategic change as an outcome variable. This paper also explores the moderating role of firm performance in board demographic diversity–strategic change relationship, and finally, the study uses Kenyan dataset which in itself is unique because most governance and strategy research uses data from developed countries.

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