This paper investigates how the increasing labor supply of fresh graduates with modern IT (information technology) skills impacts the careers of incumbent workers during periods of fundamental technological change. To identify the causal effect within a difference-in-difference framework, we exploit a regulatory change in a mandatory German apprenticeship training regulation that obligated fres...

The problem of hypoxia for many years is very relevant and attracts the attention of physiologists and clinicians in terms of the mechanisms of various pathological conditions. Effects of antenatal hypoxia in the infants depend on the severity of exposure, individual tolerance and the age of fetus. In the literature, there is a large amount of data on the effect of antenatal hypoxia during last...

In this paper, I examine the effects of money supply, aggregate spending, and aggregate supply shocks on real US stock prices in a structural vector autoregression framework. Overall, the empirical results indicate that each macro shock has important effects on real stock prices. The real stock price impulse responses to the various macro shocks conform to the standard present-value equity valu...

When should a buyer of an exhaustible resource move to a substitute if only the seller knows the exact size of the remaining resource stock? We characterize stationary dynamic signalling equilibrium of this Coasian bargaining problem, and find that adjustment delays in ending the relationship and the degree of asymmetric information shape the equilibrium outcome. The Coase conjecture —the infor...

China’s college admission rose from one million in 1998 to seven million in 2009, and associated with the expansion is the declining college premium for young workers. However, the college premium for senior workers increased in the same period. We show that the rising demand for skilled workers is the driving force. To explain this, we build a general equilibrium theory that considers two dime...

This paper investigates the inflation-hedging ability of gold in Vietnam from 2011 to 2022. In order assess how government management has affected domestic market, two local prices (SJC and 9999) were employed. The non-linear autoregressive distributed lags (NARDL) approach is applied analyze short- long-run asymmetry between CPI prices. result reveals that relationships are (asymmetric) can on...

the mothers may be infected during pregnancy with infectious agents. mumps induced myocarditis, especially endocardial fibroelastosis, was previously a common disease of infants but is rare now. a 25 day old male infant admitted to the intensive care of our hospital because of cardiogenic shock. further studies revealed ischemic electrocardiograms, poor ventricular function, and positive result...

The continuous depletion of nonrenewable natural resources and climate change may lead to a future characterized by higher frequency extreme events (i.e., flooding, hurricanes, droughts) resource supply shocks oil price shock). Sub-Saharan African countries will be particularly exposed these types shock due their socioeconomic conditions geographical conformation. This study investigates the im...

Dengue is specially owing to inadequate water supply and poor solid waste management , which are favorable for multiplication of the main vectors including the Aedes ageypti coupled with lack of proven anti viral therapy and no proven efficient vaccine .there are many cases of both dengue shock syndrome and dengue haemmorhagic fever making it a major public health burden sending ominous signal ...

We study how learning affects an uninformed monopolist’s supply and investment decisions under multiplicative uncertainty in demand. The monopolist is uninformed because it does not know one of the parameters deÞning the distribution of the random demand. Observing prices reveals this information slowly. We Þrst show how to incorporate Bayesian learning into dynamic programming by focusing on s...