Working Papers of Eesti Pank 4/2019 This paper studies the gender gap in net wealth. We use administrative data on wealth that are linked to the Estonian Household Finance and Consumption Survey, which provides individual-level wealth data for all household types. We find that the unconditional... more
Working Papers of Eesti Pank 10/2018 We investigate how adopting the euro affects exports using firm-level data from Slovakia and Estonia. In contrast to previous studies, we focus on countries that adopted the euro individually and had different exchange rate regimes prior to doing so... more
Working Papers of Eesti Pank 4/2017 This paper analyses the financial fragility of the Estonian household sector using microdata from the Household Finance and Consumption Survey (HFCS). We use a stress-testing framework where the probability of default is evaluated on the basis of the... more
This paper analyses how the statutory minimum wage has affected the wage distribution in Estonia, a country with virtually little collective bargaining and relatively large wage inequality. The computations follow Lee (1999) but the effects of the minimum wage are identified by the... more
Working Papers of Eesti Pank 3/2016 Urška Čede, Bogdan Chiriacescu, Péter Harasztosi, Tibor Lalinsky, Jaanika Meriküll. Export characteristics and output volatility: comparative firm-level evidence for CEE countries The literature shows that openness to trade improves... more
Occasional Paper Series 3/2016 This paper presents the results of the Estonian Household Finance and Consumption Survey (HFCS) that was carried out in 2013. The HFCS is the first comprehensive survey on household assets, liabilities, consumption and financial fragility in... more
Working Papers of Eesti Pank 6/2015 Antione Berthou, Emmanuel Dhyne, Matteo Bugamelli, Ana-Maria Cazacu, Calin-Vlad Demian, Peter Harasztosi, Tibor Lalinsky, Jaanika Meriküll, Filippo Oropallo, Ana Cristina Soares. Assessing European Firms Exports and... more
Working Paper Series 3/2015 This paper studies financing constraints on R&D over the most recent boom and bust episode in Central and Eastern Europe (CEE). Given that financial and venture capital markets in CEE are thin in comparison to those in high-income economies and... more
Working Papers of Eesti Pank 9/2014 This paper will study the gender wage gap in desired wages, realised wages and reservation wages. The notion of desired wages shows workers’ first bet to potential employers during the job-search process. Two datasets are employed, the... more
Working Papers of Eesti Pank 7/2014 Published in Journal of Common Market Studies, 2015 and published in ECB Working paper series, No 1732/September 2014 This paper studies euro changeover-related inflation using disaggregated price level data. The difference-in-differences approach... more
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