Turnover and Excess Worker Reallocation. The Veneto Labour Market between 1982 and 1996

This research exploits a large matched employer–employee data set for an Italian region, the Veneto, that is presented here for the first time, in order to analyse job and worker flows. In a first part, the paper computes worker turnover, job turnover, and excess worker reallocation over a time span of 14 years. The results are discussed, and comparisons are made between the quantitative features of the labour market in the Veneto region and those of other labour markets. In a second part, turnover and excess worker reallocation are related to search costs, and new empirical evidence is presented that helps in understanding the connections between search activity, unemployment, and the economic cycle.     

Wild Bootstrap of the Sample Mean in the Infinite Variance Case

It is well known that the standard independent, identically distributed (iid) bootstrap of the mean is inconsistent in a location model with infinite variance (α-stable) innovations. This occurs because the bootstrap distribution of a normalised sum of infinite variance random variables tends to a random distribution. Consistent bootstrap algorithms based on subsampling methods have been proposed but have the drawback that they deliver much wider confidence sets than those generated by the iid bootstrap owing to the fact that they eliminate the dependence of the bootstrap distribution on the sample extremes. In this paper we propose sufficient conditions that allow a simple modification of the bootstrap (Wu, 1986 Wu , C. F. J. ( 1986 ). Jackknife, bootstrap, and other resampling methods . Annals of Statistics 14 : 1261 – 1295 .[Crossref], [Web of Science ®] , [Google Scholar]) to be consistent (in a conditional sense) yet to also reproduce the narrower confidence sets of the iid bootstrap. Numerical results demonstrate that our proposed bootstrap method works very well in practice delivering coverage rates very close to the nominal level and significantly narrower confidence sets than other consistent methods.     

Tasks and Types: An Application of Mechanism Design to Self-Selection in Labour Markets

The Baron–Myerson (1982) regulatory mechanism is applied to the screening activity of a monopolist, who hires workers differentiated by quality and assigns them to different tasks. The employer charges a price to the workers for the screening service: necessary and sufficient conditions are provided for a self-selective price function to exist. It is shown that under the optimal price function tasks are assigned in such a way that workers' effort is increasing in workers' quality. It is not necessarily true, however, that the price function must be increasing in workers' quality. A simple two-types model is provided, showing the same results. Also the extension of the model to a dynamic context and, particularly, the requirements of a credible pre-commitment available to the screener are discussed.     

Firm internationalization and performance: Evidence for designing policies

The debate on the relationship between internationalization and performance is still open and is a hot topic for policymakers, but they ignore the impacts for most of the firms supported. The paper is based on a large database of seven years that considers quantitative-qualitative and control variables. To reduce industry and country heterogeneity we focused on the Italian automotive supply chain. We tested 5 modes of internationalization on firms’ profitability so to support the design of policies. Our results are partially in contrast with literature; therefore we identify specific environments where policies, namely for exporting, could be more effective.     

Interval estimation for the Sharpe Ratio when returns are not i.i.d. with special emphasis on the GARCH(1,1) process with symmetric innovations

In this paper, assuming that returns follows a stationary and ergodic stochastic process, the asymptotic distribution of the natural estimator of the Sharpe Ratio is explicitly given. This distribution is used in order to define an approximated confidence interval for the Sharpe ratio. Particular attention is devoted to the case of the GARCH(1,1) process. In this latter case, a simulation study is performed in order to evaluate the minimum sample size for reaching a good coverage accuracy of the asymptotic confidence intervals.     

Between organization and spontaneity of protests: the 2010–2011 Tunisian and Egyptian uprisings

ABSTRACT

This paper investigates the role of social groups in mobilizing resources for protests in repressive contexts. In particular, it examines the impact of organizations and informal groups on individual engagement in the protests developed in 2010 in Tunisia and in 2011 in Egypt. The empirical analysis draws on the following data sources: the second wave of the Arab Barometer (2010–2011), two focus groups in Egypt conducted between 2011 and 2015 with members of trade unions and of Popular Committees who had participated in the 2011 protests in Egypt, eight semi-structured interviews conducted in 2017 to workers in Tunisia who had engaged in the 2010–2011 protests, and interviews conducted in January and February 2011 to 100 women in Tunisia within a study tackling police violence against women during the Tunisian uprisings.

Findings show that both in Egypt and Tunisia protests were neither spontaneous nor fully organized as formal organizations and informal and spontaneous groups strictly interconnected in sustaining protests. In Egypt, established Islamic charity networks provided the structural basis for Popular Committees to engage in the 2011 protests and the initially spontaneous workers’ groups, institutionalized through the legalization of EFITU, were crucial for national wide protests occurred throughout 2011. In Tunisia, the major trade union UGTT was essential for mobilizing workers in the initial stages of protests but was backed by informal and spontaneous groups of workers during the process of protest diffusion.

Results remark that the 2010–2011 Tunisian and Egyptian uprisings were therefore well-grounded on intermediate mobilizing structures capable to survive in the interstices of an authoritarian context. Findings suggest to consider that, in repressive context, spontaneous groups and more established and formal organizations continuously switch from one form to another, overlap, and transform themselves faster than they would do in democratic contexts.     

Bootstrap Determination of the Co‐Integration Rank in Vector Autoregressive Models

This paper discusses a consistent bootstrap implementation of the likelihood ratio (LR) co‐integration rank test and associated sequential rank determination procedure of Johansen (1996). The bootstrap samples are constructed using the restricted parameter estimates of the underlying vector autoregressive (VAR) model that obtain under the reduced rank null hypothesis. A full asymptotic theory is provided that shows that, unlike the bootstrap procedure in Swensen (2006) where a combination of unrestricted and restricted estimates from the VAR model is used, the resulting bootstrap data are I(1) and satisfy the null co‐integration rank, regardless of the true rank. This ensures that the bootstrap LR test is asymptotically correctly sized and that the probability that the bootstrap sequential procedure selects a rank smaller than the true rank converges to zero. Monte Carlo evidence suggests that our bootstrap procedures work very well in practice.     

New perspectives on a more-or-less familiar poverty index

In this article, we examine some properties and extensions of a particular poverty index, which is already passingly familiar to poverty analysts. Our investigation leads to a new perspective on the family of additively decomposable and scale-invariant poverty indices and provides new insights into the class of poverty measures proposed by Foster et al. (Econometrica 52:761–766, 1984). Finally, our work leads to a clarification of the different roles of transfer properties and distribution sensitivity in poverty measurement.