Showing 1 - 10 of 84
Using data from the Panel Study of Income Dynamics (PSID) we specify, estimate and simulate a dynamic structural model of housing demand. Our model generalizes previous applied econometric work by incorporating realistic features of the housing market including non-convex adjustment costs from...
Persistent link: https://www.econbiz.de/10008554234
This paper tests for the optimality of consumption across Canadian provinces. The results indicate that consumption is highly integrated within the central and eastern core of the country, based around Ontario and Quebec. This is not true for provinces in the western half of the country,...
Persistent link: https://www.econbiz.de/10005661433
The run-up in oil prices since 2004 coincided with growing investment in commodity markets and increased price comovement among different commodities. We assess whether speculation in the oil market played a role in driving this salient empirical pattern. We identify oil shocks from a large...
Persistent link: https://www.econbiz.de/10011084143
Traditional least squares estimates of the responsiveness of gasoline consumption to changes in gasoline prices are biased toward zero, given the endogeneity of gasoline prices. A seemingly natural solution to this problem is to instrument for gasoline prices using gasoline taxes, but this...
Persistent link: https://www.econbiz.de/10011184084
In this Paper, I explore the relationship between native language and use of the Internet and examine whether English is likely to retain its first-mover advantage of a large installed base of English language websites. I study this issue empirically using a unique dataset on (home) Internet use...
Persistent link: https://www.econbiz.de/10005504208
We present identification and estimation results for the 'collective' model of labour supply in which there are discrete choices, censoring of hours and non-participation in employment. We derive the collective restrictions on labour supply functions and contrast them with restrictions implied...
Persistent link: https://www.econbiz.de/10005504396
This Paper studies the wage effects of the use of alcohol and tobacco. The analysis based on a recent survey in the Netherlands shows that for males the use of tobacco has a negative wage effect of about 10% while the use of alcohol has a positive wage effect of about the same size. Smoking and...
Persistent link: https://www.econbiz.de/10005504468
Using a survey approach, we ask consumers to reveal their preferences over pricing schemes that may differ in terms of the average price of consumption, the amount of price variation, and the probability of being rationed. We find that consumers dislike pricing schemes that vary prices more but...
Persistent link: https://www.econbiz.de/10005504691
This Paper uses a unique dataset collected among inhabitants of Amsterdam, to study the dynamics in the consumption of cannabis and cocaine. If people start using these drugs they are most likely to do so at age 18-20 for cannabis and age 20-25 for cocaine. An analysis of the starting rates...
Persistent link: https://www.econbiz.de/10005497739
In this paper we use individual level data from the Australian National Drug Strategy Household Survey to study the relationship between initiation into cannabis use and educational attainment. Using instrumental variable estimation and bivariate duration analysis we find that those initiating...
Persistent link: https://www.econbiz.de/10005497766