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and fourth-order polynomials on the other. Representing heterogeneity by cohort effects is compared with representing … heterogeneity by random and fixed individual effects. On the whole, the age coefficients in the estimated regressions are quite … sensitive to how heterogeneity is modeled. …
Persistent link: https://www.econbiz.de/10010785538
We propose a general framework to unambiguously compare distributions functions in an economically interpretable way. Our framework provides complete ranking of any set of distributions and money metric interpretation of the social welfare level of a dominating distribution as compared to a...
Persistent link: https://www.econbiz.de/10011095063
This paper has a twofold purpose. It argues firstly, that analysis of income distribution should be a part of the capability approach. Secondly, it argues that the capability approach is a good theoretical foundation for analysis of income distribution. The capability approach to human advantage...
Persistent link: https://www.econbiz.de/10005652138
Workers’absenteeism due to illness represents a major concern in several countries. Absenteeism are however not very well understood in economics. This paper presents a model where absenteeism is understood in relation to health. Its main predictions are (i) intermediate welfare state...
Persistent link: https://www.econbiz.de/10005652186
This paper discusses the concept of "resourcism'" as an alternative to the capability approach. It argues that the term economic resources covers too many different concepts for the term "resourcism" to be useful when analysing distributional justice. In particular, the "resourcism" of Dworkin...
Persistent link: https://www.econbiz.de/10005652228
This paper aims at i) providing effect estimates of a wide range of covariates and traditional policy means to increase the smoking cessation rate, ii) offering evidence on alternative interventions for health authorities, and iii) examining and comparing three groups of smokers with varying...
Persistent link: https://www.econbiz.de/10009003118
An autoregressive fixed effects panel data equation in error-ridden endogenous and exogenous variables, with finite memory of disturbances, latent regressors and measurement errors is considered. Finite sample properties of GMM estimators are explored by Monte Carlo (MC) simulations. Two kinds...
Persistent link: https://www.econbiz.de/10010819019
unobserved heterogeneity potentially affecting both health status and ability to work, which can bias inference because the … attaching unobserved heterogeneity to non-structured fixed effects? In the paper we examine this issue and discuss the … other hand by correlation between unobserved heterogeneity in health status and in ability to work. We show that running …
Persistent link: https://www.econbiz.de/10008800757
This paper discusses how specification of probabilistic models for multistate duration data generated by individual choices should be justified on a priori theoretical grounds. Preferences are assumed represented by random utilities, where utilities are viewed as random also to the agent...
Persistent link: https://www.econbiz.de/10010785506
In this paper some labour market consequences of transitions in the agriculture sector are examined by combining a 20-year unbalanced panel data set from Norwegian farm couples (households) and logit modeling of one-period transition probabilities. The multi-dimensionality of the problem follows...
Persistent link: https://www.econbiz.de/10010785514