Reservation wages in Estonia

This paper analyses the factors determining reservation wages in Estonia, and estimates the influence of the reservation wage on unemployment duration. According to estimations there is no statistically significant effect of unemployment benefit and social assistance on the reservation wage in Estonia. While evidence was found, that the higher the reservation wage, the lower the probability of finding a job, if all other things are equal. It was also found that the eligibility of unemployment benefit or social assistance increases the duration of the unemployment period, which indicates the lower offer arrival rate in the case of unemployed receiving assistance, which might be caused by a lower search intensity.reservation wage, unemployment duration, unemployment insurance, transition economy

How wages respond to shocks: asymmetry in the speed of adjustment

The time series of various economic variables often exhibit asymmetry: decreases in the values tend to be sharp and fast, whereas increases usually occur slowly and gradually. We detect signs of an analogous asymmetry in firms’ wage setting behaviour on the basis of managerial surveys, with employers tending to react faster to negative than to positive shocks in the same variables. As well as describing the presence of asymmetry in the speed of wage adjustment, we investigate which companies are more likely to demonstrate it in their behaviour. For this purpose, we apply the Heckman selection model and develop a methodology that improves identification by exploiting heteroscedasticity in the selection equation. The estimation results imply that companies operating in a more competitive environment have a higher propensity to react asymmetrically. We also find that businesses relying on labour-intensive production technology are more likely to react faster to negative shocks. Both of these findings support the hypothesis that this behaviour results from companies’ attempts to protect profit margins. JEL Classification: J30, J31, J33Asymmetry, survey, wage dynamics, Wage setting

The Margins of Labour Cost Adjustment:Survey Evidence from European Firms

Firms have multiple options at the time of adjusting their wage bills. However, previous literature has mainly focused on base wages. We broaden the analysis beyond downward rigidity in base wages by investigating the use of other margins of labour cost adjustment at the firm level. Using data from a unique survey, we find that firms make frequent use of other, more flexible, components of compensation to adjust the cost of labour. Changes in bonuses and non-pay benefits are some of the potential margins firms use to reduce costs. We also show how the margins of adjustment chosen are affected by firm and worker characteristics.

Social and Political Dimensions of the Eurozone Enlargement in the case of the Baltic States

This Regional Input is a supplement to Ezoneplus Working Paper No. 13 on the Social Dimension of the Eastward Enlargement of the Eurozone. Political transition from authoritarian to democratic society has been extensive in all three Baltic States. The Baltic States are often examined together in political studies despite of the fact that there is much more variation among these countries in the political sphere than in the economic and social spheres. The problems stemming from the political sphere might be even more crucial for EU enlargement because of their relative instability and slow working comparing that to the economic and social concerns. Therefore this study emphasises some major political differences between the Baltic States that should be taken into account when analysing EU eastward enlargement processes. The paper aims to analyze social and political dimensions of eurozone enlargement in the Baltic States emphasizing also negative consequences of transition and integration processes and their possible impact on EU accession.Regional Input, Baltic States, social dimension, political dimension

Far-infrared spectroscopy of spin excitations and Dzyaloshinskii-Moriya interactions in a Shastry-Sutherland compound SrCu2_2(BO3_3)$_2

We have studied spin excitation spectra in the Shastry-Sutherland model compound SrCu$_2$(BO$_3$)$_2$ in magnetic fields using far-infrared Fourier spectroscopy. The transitions from the ground singlet state to the triplet state at 24 cm$^{-1}$ and to several bound triplet states are induced by the electric field component of the far-infrared light. To explain the light absorption in the spin system we invoke a dynamic Dzyaloshinskii-Moriya (DM) mechanism where light couples to a phonon mode, allowing the DM interaction. Two optical phonons couple light to the singlet to triplet transition in SrCu$_2$(BO$_3$)$_2$. One is $a$-polarized and creates an intra-dimer dynamic DM along the c axis. The other is $c$-polarized and creates an intra-dimer dynamic DM interaction, it is in the $(ab)$ plane and perpendicular to the dimer axis. Singlet levels at 21.5 and 28.6 cm$^{-1}$ anti-cross with the first triplet as is seen in far-infrared spectra. We used a cluster of two dimers with a periodic boundary condition to perform a model calculation with scaled intra- and inter-dimer exchange interactions. Two static DM interactions are sufficient to describe the observed triplet state spectra. The static inter-dimer DM in the c-direction $d_1=0.7$ cm$^{-1}$ splits the triplet state sub-levels in zero field [C\'{e}pas et al., Phys. Rev. Lett. \textbf{87}, 167205 (2001)]. The static intra-dimer DM in the $(ab)$ plane (perpendicular to the dimer axis) $d_2=1.8$ cm$^{-1}$, allowed by the buckling of CuBO$_3$ planes, couples the triplet state to the 28.6 cm$^{-1}$ singlet as is seen from the avoided crossing.Comment: 12 pages with 7 figures, some references correcte

GeoGebraga seotud õppematerjalid Koolielu portaalis ja matemaatikaõpikutes ning matemaatikaõpetajate hinnangud GeoGebra kasutamisele 8. klassis geomeetria teema käsitlemisel

http://www.ester.ee/record=b4688531*es

The Margins of Labour Cost Adjustment: Survey Evidence from European Firms

Firms have multiple options at the time of adjusting their wage bills. However, previous literature has mainly focused on base wages. We broaden the analysis beyond downward rigidity in base wages by investigating the use of other margins of labour cost adjustment at the firm level. Using data from a unique survey, we find that firms make frequent use of other, more flexible, components of compensation to adjust the cost of labour. Changes in bonuses and non-pay benefits are some of the potential margins firms use to reduce costs. We also show how the margins of adjustment chosen are affected by firm and worker characteristics. JEL Classification: J30, C81, P5European Union, firm survey, labour costs, wage rigidity

Unidirectional terahertz light absorption in the pyroelectric ferrimagnet CaBaCo4O7

Spin excitations were studied by absorption spectroscopy in CaBaCo4O7 which is a type-I multiferroic compound with the largest magnetic-order induced ferroelectric polarization ({\Delta}P=17mC/m2) reported, so far. We observed two optical magnon branches: a solely electric dipole allowed one and a mixed magnetoelectric resonance. The entangled magnetization and polarization dynamics of the magnetoelectric resonance gives rise to unidirectional light absorption, i.e. that magnon mode absorbs the electromagnetic radiation for one propagation direction but not for the opposite direction. Our systematic study of the magnetic field and temperature dependence of magnon modes provides information about the energies and symmetries of spin excitations, which is required to develop a microscopic spin model of CaBaCo4O7.Comment: 5 pages, 4 figure

Observation of Multiple-Gap Structure in Hidden Order State of URu2Si2 from Optical Conductivity

We have measured the far infrared reflectance of the heavy fermion compound URu$_2$Si$_2$ through the phase transition at T$_{HO}$=17.5 K dubbed 'hidden order' with light polarized along both the a- and c-axes of the tetragonal structure. The optical conductivity allows the formation of the hidden order gap to be investigated in detail. We find that both the conductivity and the gap structure are anisotropic, and that the c-axis conductivity shows evidence for a double gap structure, with $\Delta_{1,c}=2.7$ meV and $\Delta_{2,c}=1.8$ meV respectively at 4 K, while the gap seen in the a-axis conductivity has a value of $\Delta_a=3.2$ meV at 4 K. The opening of the gaps does not follow the behaviour expected from mean field theory in the vicinity of the transition.Comment: 6 pages, 5 figure

Lastevanemate ja õpetajate hinnang koera kaasamise võimalusele ning vajalikkusele lapse kasvukeskkonna rikastajana

https://www.ester.ee/record=b5143002*es