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1.
Utilizing age-period-cohort analysis, this paper examines the development of income distribution across periodic economic fluctuations in relation to cohorts and age groups. The empirical analysis is based on the Finnish Income Distribution Statistics and Household Expenditure Surveys covering the period of 1966–2015. The findings suggest that the period and cohort effects can be identified as the main effects on relative income, while the age effects have no meaningful impact when the control variables are taken into account. This result reveals a connection between the effects of economic shocks and cohort placement on labor market entry. Additionally, absolute income analysis suggests that economic shocks create stagnation points in income development, which are especially detrimental to cohorts who are transitioning into labor markets. Additionally, middle-income attainment has not changed due to periodic shocks but rather is related to inter-cohort inequalities and relative income differences, where the baby boomer generation is a clear winner.  相似文献   
2.
We develop a minimum amount of theory of Markov chains at as low a level of abstraction as possible in order to prove two fundamental probability laws for standard Markov chain Monte Carlo algorithms:
1. The law of large numbers explains why the algorithm works: it states that the empirical means calculated from the samples converge towards their "true" expected values, viz. expectations with respect to the invariant distribution of the associated Markov chain (=the target distribution of the simulation).
2. The central limit theorem expresses the deviations of the empirical means from their expected values in terms of asymptotically normally distributed random variables. We also present a formula and an estimator for the associated variance.  相似文献   
3.
We present a model of risky debt in which collateral value is correlated with the possibility of default. The model is then used to study the expected loss given default, primarily as a function of collateral. The results obtained could prove useful for estimating losses given default in many popular models of credit risk which assume them constant. We also examine the problem of determining sufficient collateral to secure a loan to a desired extent. In addition to bank practitioners, regulators might find our analysis useful in reviewing banks’ lending standards relative to current collateral values. In particular, the current proposals for The New (Basel) Capital Accord involve options for the use of banks’ own loss given default estimates which might benefit from the analysis in this paper.  相似文献   
4.
In negotiations and group decision making we can use two characteristically different interaction modes: inquiry and advocacy. Inquiry refers to an interested and explorative interaction mode, and advocacy to an assertive and narrow mode. Although these modes have been studied in organizational behavior literature, the intrapersonal emotional responses to the inquiry and advocacy modes remain yet unexplored. We explored intrapersonal emotions by facial electromyography and skin conductance responses and by emotional empathy self-reports. The subjects were prompted to adopt the two modes in hypothetical encounters with another person. We found that Duchenne smiles were specific to the inquiry mode, that emotional arousal showed specificity to the expressions, and that emotional empathy predicts expressiveness in the inquiry treatment. We discuss the implications of these results to the use of the interaction modes and the related possibilities of influencing group interaction by influencing one’s own internal emotional state in group decisions.  相似文献   
5.
Esa Mangeloja 《Applied economics》2013,45(20):2349-2359
Moral institutions, religions and ethics affect the economic development, as for example, trust and honesty are essential requirements for emerging economic activity. Religious production efficiency measure is constructed and used in economic growth regressions for 8 OECD countries. By using panel estimation methods and additionally time‐series estimations for each country, more information is gained concerning the country specific growth and religion characteristics. Empirical evidence from the panel data estimations seems to suggest that religious beliefs attain more relevance than religious attendance. Religious production efficiency, containing both belief and activity aspects, was not found statistically significant with panel data or with individiual 8 OECD countries growth model, except for Finland. Significant coefficient for Finland can be explained by referring to Finland's unique religious market properties, as the level of religious beliefs have historically been unusually high in Finland. On the other hand, attendance in religious activities has followed the typical Northern‐European decreasing trend. More exact understanding on the links between these concepts are essentially needed to better model the economic consequences of cultural, religious and moral variables.  相似文献   
6.
This article addresses the question of how the concept of genre, defined as a linguistically realized activity type, can be applied to the study of organizational discourse. In particular, the authors show how and for what practical purposes managers invoke genres in meetings. The data of the study consist of video-recorded company-internal meetings and the methodology is based on ethnomethodological conversation analysis. In the empirical analysis the authors show how genres are used as resources for joint understanding and for conducting a particular conversational action in a meeting, namely proposing a solution to a problem. The study highlights the importance of genre knowledge in managerial meetings and the practical nature of this knowledge.  相似文献   
7.
We show that risk-based capital requirements can eliminate the market failure, caused by asymmetric information between entrepreneurs and banks, which distorts the efficient allocation of low-risk and high-risk investment projects among entrepreneurs. If project success probabilities decline in recessions, optimal capital requirements will have to be lower because the size of the market failure changes. This provides a new rationale for keeping risk-based capital requirements higher in good times and lowering them in bad times.  相似文献   
8.
介绍了在OFDM系统仿真中链路级仿真和系统级仿真之间的映射方法,主要探讨了两种基于有效SINR映射的方法:指数有效SINR映射(EESM)和互信息有效SINR映射(MI—ESM)。着重阐述了这两种方法如何把多状态信道变成单状态信道以及为什么这种有效单SINR方法能够表示多个子载波SINR信道性能,同时也重点研究这两种方法的主要优缺点以及它们对RRM算法设计的影响。而且,也提及了如何去构建链路和系统级映射表(MCS,SINR,BLER)。  相似文献   
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