scholarly journals How Do Workers Sustain COVID-induced Labour Market Shock: Evidence from the Indian State of Kerala

2021 ◽  
pp. 001946622110238
Author(s):  
Muhammed Refeque ◽  
P Azad ◽  
PK Sujathan
Keyword(s):  
Human Capital ◽  
Quantile Regression ◽  
Labour Market ◽  
Empirical Analysis ◽  
Jel Codes ◽  
Explanatory Variables ◽  
Regression Methods ◽  
Labour Market Participation ◽  
Indian State ◽  
The Impact

This article is an empirical analysis of the resilience of workers over the COVID-hit labour market in the Indian state of Kerala. Quantile regression methods are used to ascertain the impact of COVID-19 on the labour market. This method is more advantageous than the traditional OLS method as it does not presume a constant effect of explanatory variables on the distribution of dependent variable. Evidences convey that all the five categories of workers under study were disproportionately buffeted by the pandemic. However, the factors education and experience were found to have a stabilising effect on the rate of labour market participation. The article pitches for a more responsive and responsible role that the State can deliver to embolden and reinforce human capital so that the pandemic like COVID-19 can at best be averted. JEL Codes: E24, H12, I15, J64

Human Capital Impact on Economic Growth in Nigeria

2021 ◽  
Vol 7 (18) ◽  
pp. 15-22
Author(s):  
Chuwuemeka Ogugua AGBO ◽  
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Time Series Data ◽  
Capital Expenditure ◽  
Private Investment ◽  
Series Data ◽  
Tertiary Institutions ◽  
Explanatory Variables ◽  
The Government ◽  
The Impact

This study aims to examine the impact of human capital on economic growth in Nigeria. Despite all effort to improve education condition in Nigeria, there hasn’t been much encouraging improvement. This has caused a large number of the population to move abroad for studies. Most conducive tertiary institutions are owned by private individuals, the government owned universities have been overlooked and recklessly abandoned. In this study OLS multiple regression was adopted to analyze the time series data for the period of 1985-2018 to test if Average Year of Schooling (AVYS), Private Investment in Telecommunication (PIT), Capital Expenditure on Education (CEE), and Recurrent Expenditure on Education (REE) have an impact on growth in Nigeria or not. The data was derived from CBN statistical Bulletin (2018). Result showed that all the four explanatory variables have significant impact on Economic growth. However, it is therefore important for government to increase education budget annually.

Work–retirement cultures: a further piece of the puzzle to explain differences in the labour market participation of older people in Europe?

2017 ◽  
Vol 38 (8) ◽  
pp. 1527-1555 ◽  
Author(s):  
ANDREAS JANSEN
Keyword(s):  
Older People ◽  
Labour Market ◽  
European Social Survey ◽  
Market Participation ◽  
Economic Determinants ◽  
Legal Rules ◽  
Random Intercept ◽  
Labour Market Participation ◽  
The Individual ◽  
The Impact

ABSTRACTThe article examines to what extent culture is a further piece of the puzzle to explain differences in the labour market participation of older people in Europe. This approach is in clear contrast to the existing literature on that topic which is largely economically oriented and more focused on socio-economic determinants. In the first part, different theoretical conceptions regarding the impact of culture on individual actions are discussed with the aim of developing the concept of work–retirement cultures. In the second part, the article gathers empirical evidence on differences in the work–retirement culture in 22 European societies and analyses the interplay between the work–retirement culture and the labour market participation of people aged between 55 and 64 years using logistic random intercept regression analysis. The analysis draws on the third round of the European Social Survey. The results give some clear indications that the work–retirement culture plays its part in explaining differences in the labour market participation of older people in Europe and thus clarifies that the timing of retirement is not fully determined by pension policies. Accordingly, the results of the study illustrate that it is not sufficient to solely change the legal rules for the transition to retirement. Rather, people need to be additionally convinced of the individual benefits of remaining in employment.

scholarly journals The Impact of Human Capital on Labour Market: Lithuanian Case

2015 ◽  
Vol 191 ◽  
pp. 2437-2442 ◽  
Author(s):  
Vilda Giziene ◽  
Zaneta Simanaviciene
Keyword(s):  
Human Capital ◽  
Labour Market ◽  
The Impact

scholarly journals The Regional Settlement Patterns of Immigrants to Sweden 1967-2005

2011 ◽  
pp. 115-135
Author(s):  
Daniel Rauhut ◽  
Mats Johansson
Keyword(s):  
Labour Market ◽  
Regional Distribution ◽  
Age Groups ◽  
Pull Factors ◽  
Initial Allocation ◽  
Explanatory Variables ◽  
Independent Variables ◽  
Labour Market Participation ◽  
Independent Variable ◽  
Regional Settlement

The aim of this study is to analyse the initial allocation of immigrants to Sweden 1967-2005 by age in a regional perspective. Vacancies, unemployment and labour market participation as well as geographical areas with many previous immigrants are included in the analysis as pull-factors. A multivariate cross-section OLS regression model will be used to estimate the relative initial regional distribution of immigrants in Sweden in 1967, 1975, 1990 and 2005 by age. The chosen method enables to control for a subset of explanatory variables and examine the effect of a selected independent variable when estimating the regional pull-factors to immigration. This study uses data collected from Statistics Sweden (SCB) and the National Labour Market Board (AMS). The data used is regional macro data, which does not contain information on single individuals.The overall conclusion is that previous immigrants had an impact on age groups in their initial regional settlement pattern in 1967 - 2005. Few of the other independent variables show any coefficients which are statistically separated from zero.

scholarly journals Extreme return, extreme volatility and investor sentiment

Filomat ◽  
2016 ◽  
Vol 30 (15) ◽  
pp. 3949-3961 ◽  
Author(s):  
Xu Gong ◽  
Fenghua Wen ◽  
Zhifang He ◽  
Jia Yang ◽  
Xiaoguang Yang ◽  
...  
Keyword(s):  
Linear Regression ◽  
Quantile Regression ◽  
Regression Model ◽  
Least Squares ◽  
Linear Regression Model ◽  
Investor Sentiment ◽  
Generalized Least Squares ◽  
Regression Methods ◽  
Leading Role ◽  
The Impact

The extreme return and extreme volatility have great influences on the investor sentiment in stock market. However, few researchers have taken the phenomenon into consideration. In this paper, we first distinguish the extreme situations from non-extreme situations. Then we use the ordinary generalized least squares and quantile regression methods to estimate a linear regression model by applying the standardized AAII, the return and volatility of SP 500. The results indicate that, except for extremely negative return, other return sequences can cause great changes in investor sentiment, and non-extreme return plays a leading role in affecting the overall American investor sentiment. Extremely positive (negative) return can rapidly improve (further reduce) the level of investor sentiment when investors encounter extremely pessimistic situations. The impact gradually decreases with improvement of the sentiment until the situation turns optimistic. In addition, we find that extreme and non-extreme volatility cannot a_ect the overall investor sentiment.

scholarly journals Spatial Variation and Factors Impacting Grassland Circulation Price in Inner Mongolia, China

2018 ◽  
Vol 10 (12) ◽  
pp. 4381 ◽  
Author(s):  
Jing Zhang ◽  
Colin Brown
Keyword(s):  
Quantile Regression ◽  
Spatial Autocorrelation ◽  
Inner Mongolia ◽  
Local Market ◽  
High Demand ◽  
Grazing Land ◽  
Regression Methods ◽  
Price Distribution ◽  
Quantile Regression Analysis ◽  
The Impact

As the circulation of grassland use rights in China increases, relatively little is known about the factors that influence circulation price. This paper examines the spatial distribution of grassland circulation prices and the impact of various attributes on grassland circulation prices in Inner Mongolia Autonomous Region (IMAR). Spatial autocorrelation tests and quantile regression methods are applied to data from an online land-circulation website covering the period from January to October 2017. The spatial analysis found that grassland circulation price does vary greatly throughout IMAR but that no significant spatial autocorrelation is evident. The quantile regression analysis revealed significant, though varied, quantile effects across the price distribution indicating that local market structures, strong demand for grazing land in desert steppe, high demand of poor herders for smaller plots, and high demand of richer herders for larger plots all play an important role in determining circulation prices. These nuanced findings should enable policy makers, grassland users, and other grassland actors to better understand how grassland price is determined with respect to a range of factors across the quantiles of price as well as the spatial pattern of price characteristics. This information and understanding are a crucial step in improving grassland circulation.

scholarly journals The efficiency of Active Labour Market Policies in the European Union: Does it make sense increasing the bill?

2017 ◽  
Vol 67 (3) ◽  
pp. 333-357
Author(s):  
Juan González Alegre
Keyword(s):  
European Union ◽  
Labour Market ◽  
Public Expenditure ◽  
The European Union ◽  
Labour Market Policies ◽  
Explanatory Variables ◽  
Active Labour Market Policies ◽  
Active Labour ◽  
Social Fund ◽  
The Impact

This paper evaluates the efficiency of Active Labour Market Policies (ALMPs) in the European Union (EU). The paper first reviews the main trends governing the evolution of the European Social Fund (ESF) since its creation. The ESF promotes public expenditure in ALMPs in order to foster social cohesion across the EU. In order to test to what extent this strategy can be backed up by facts, we estimate the impact of public expenditure on ALMPs on the employment rate using panel data from 28 European countries (1985–2011), taking into account the endogeneity of the explanatory variables and the dynamic behaviour of their relationship. Results support the hypothesis that expenditure in ALMPs is more beneficial for employment than aggregate public expenditure. In addition, we show that periphery countries observe a larger efficiency of their ALMPs. These results support the recent policy strategy undertaken by the European Commission to raise the budget devoted to ESF in Member States experiencing higher unemployment rates.

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