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Advanced Econometrics (Lab, Fall 2019)

Advanced Econometrics (Lab, Fall 2019) published on

Selected slides from the lab session for Professor Koohi-Kamali‘s PhD level course on panel data econometrics.

Lab 1: Regression Analysis (Recapitulation)
Lab 2: Discrete Choice
Lab 3: Instrumental Variables
Lab 4: Auto-Regressive Distributed Lags Analysis (ARDL)
Lab 5: Stationarity
Lab 6: Auto-Regressive Moving Average Analysis (ARMA)
Lab 7: Vector Auto-Regressive Analysis (VAR)
Lab 8: Panel Co-Integration
Lab 9: Seemingly Unrelated Regressions (SUR)
Lab 10: Pesaran-Shin-Smith Bounds Test Example

Advanced Political Economics 2: Classical Microeconomics. (Lab Section, Fall 2019)

Advanced Political Economics 2: Classical Microeconomics. (Lab Section, Fall 2019) published on

Selected slide sets from the lab section for Professor Anwar Shaikh‘s class on classical microeconomics.

Lab 7: Marx’ Transformation Problem

Lab 8: Panico on Marx on the Profit Rate-Interest Rate Relationship

Lab 11: Botwinick on Classical Political Economics and Income Inequality

Deregulated trade and international solidarity

Deregulated trade and international solidarity published on

Published in German on “A&W Blog”, in English on “LSE: New European Trade Unions Forum”. You can also download the full post as a PDF copy here.

In the controversy on CETA, TTIP, and the imminent trade war, politics and economics intersect. Traditional neoclassical economics treat free trade as a one-way mechanism where the welfare of all involved parties increases with trade volume. The reality however is different, argues Patrick Mokre. Many progressive economists have criticized the underlying theories – this critique forms the necessary precondition for a solidary alternative.

Geringverdienst: Arbeit unter der Steuergrenze hat viele Gesichter. (German)

Geringverdienst: Arbeit unter der Steuergrenze hat viele Gesichter. (German) published on

Published on “A&W Blog”. You can also download the full post as a PDF file.

Mehr als ein Viertel der unselbstständig Beschäftigten in Österreich verdient so wenig, dass sie keine Lohnsteuer bezahlen. Die GeringverdienerInnen sind aber keine einheitliche Gruppe, Menschen haben aus unterschiedlichen Gründen ein geringes Einkommen. Geringverdienende Frauen sind viel häufiger teilzeitbeschäftigt und müssen Betreuungspflichten nachkommen. Männer sind öfter nicht über das ganze Jahr angestellt und damit unterjährig oft von Arbeitslosigkeit betroffen. Damit Geringverdienende ihre Einkommenssituation verbessern können, sind gezielte politische Maßnahmen notwendig, die auf die unterschiedlichen Gründe abgestimmt sind – wie etwa der Ausbau der Kinderbetreuung.

Karl Marx: Was fortschrittliche ÖkonomInnen 200 Jahre später noch wissen sollten. (German)

Karl Marx: Was fortschrittliche ÖkonomInnen 200 Jahre später noch wissen sollten. (German) published on

with Matthias Schnetzer on “A&W Blog”. You can also download the full post as a PDF copy here.

Wenige Denker des 19. Jahrhunderts sorgen noch heute für so viel Diskussionsstoff wie Karl Marx. Zu seinem 200. Geburtstag vermarktet, an den Universitäten weitgehend verdrängt, als genialer Denker gefeiert, zum Untergangspropheten gebrandmarkt. Doch seine Theorien gelten selbst seinen KritikerInnen als wegweisend. Unabhängig davon, wie man zu den politischen Ableitungen aus seinem Werk steht, fortschrittliche WissenschafterInnen können von Marx’ Methode und Analyse auch im 21. Jahrhundert einiges mitnehmen.

Inter-Industry Wage Inequality: Persistent differences and turbulent equalization

Inter-Industry Wage Inequality: Persistent differences and turbulent equalization published on

Mokre Patrick and Rehm Miriam, 2020. “Inter-Industry Wage Inequality: Persistent differences and turbulent equalization,” Cambridge Journal of Economics.

Abstract

The empirical stylised fact of persistent inter-industry wage differentials is an enduring challenge to economic theory. This paper applies the classical theory of ‘real competition’ to the turbulent dynamics of these inter-industrial wage differentials.

Theoretically, we argue that competitive wage determination can be decomposed into equalising, dispersing and turbulently equalising factors. Empirically, we show graphically and econometrically for 31 US industries in 1987–2016 that wage differentials, like regulating profit rates, are governed by turbulent equalisation. Furthermore, we apply a fixed-effects OLS as well as a hierarchical Bayesian inference model and find that the link between regulating profit rates and wage differentials is positive, significant and robust.


Ausnahmezustand Geringverdienst? Ursachen der Beschäftigungsverhältnisse unter der Steuergrenze. (German)

Ausnahmezustand Geringverdienst? Ursachen der Beschäftigungsverhältnisse unter der Steuergrenze. (German) published on

Mokre Patrick (2019), Ausnahmezustand Geringverdienst? Ursachen der Beschäftigungsverhältnisse unter der Steuergrenze. Wirtschaft und Gesellschaft 2019, Band 45 Nr.2, S. 203-227

Abstract

Wage income lower than the minimum threshold for taxation is an exception. However, the share of low-income earners in Austria is substantial: A quarter of all wage earners and 12% of all employees. The extensive literature on the subject agrees that low income is an exceptional situation that can be traced to atypical employment and demographic factors. Based on the 2016 micro-census, I estimate the impact of both demographic and labor relations-factors on low-income susceptibility. I conclude that low income in Austria is more likely to affect women and young people, workers with lower formal education, those with care responsibilities, part-time employees and temporary workers.

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