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Socio-Economic Heterogeneity and Electoral Turnout: An Aggregate Analysis with Precinct-Level Data

Bellettini, Giorgio; Ceroni, Carlotta Berti; … - CESifo - 2014

In this paper we perform an empirical analysis to investigate the impact of socio-economic heterogeneity on electoral … results suggest that increased ethnic heterogeneity and reduced social pressure tend to depress turnout. …

Persistent link: https://www.econbiz.de/10010948816

Price Dispersion in the Euro Area: The Case of a Symmetric Oil Price Shock

Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - CESifo - 2009

according to the impact of the oil price shock on the overall price level. While cross–country heterogeneity in the short …–run pass–through can be attributed to different weights of energy items in the consumption basket, heterogeneity in the medium …

Persistent link: https://www.econbiz.de/10005013058

Voting on Punishment Systems within a Heterogeneous Group

Noussair, Charles; Tan, Fangfang - CESifo - 2009

We consider a voluntary contributions game, in which players may punish others after contributions are made and observed. The productivity of contributions, as captured in the marginal-per-capita return, differs among individuals, so that there are two types: high and low productivity. Every two...

Persistent link: https://www.econbiz.de/10005013941

An Experimental AK Model of Growth

Ponzano, Ferruccio; Ricciuti, Roberto - CESifo - 2012

In this paper we test the AK model of growth with laboratory experiments. In each period, agents produce and trade output in a market, and allocate it to consumption and investment. The economy should experience a constant and positive rate of growth. We analyze two treatments differing from...

Persistent link: https://www.econbiz.de/10009651181

Repeated Selection with Heterogenous Individuals and Relative Age Effects

Dawid, Herbert; Mühlheusser, Gerd - CESifo - 2012

In contexts such as education and sports, skill-accumulation of individuals over time crucially depends on the amount of training they receive, which is often allocated on the basis of repeated selection. We analyze optimal selection policies in a model of endogenous skill formation where, apart...

Persistent link: https://www.econbiz.de/10010542014

Monetary Policy and Redistribution: What can or cannot be Neutralized with Mirrleesian Taxes

Gahvari, Firouz; Micheletto, Luca - CESifo - 2012

that the Friedman rule is not in general optimal. The results are due to the existence of another source of heterogeneity … differences in earning ability were the only source of heterogeneity, the fiscal authority would be able to neutralize the effects …

Persistent link: https://www.econbiz.de/10009645639

What is European Integration Really About? A Political Guide for Economists

Spolaore, Enrico - CESifo - 2013

Europe’s monetary union is part of a broader process of integration that started in the aftermath of World War II. In this “political guide for economists” we look at the creation of the euro within the bigger picture of European integration. How and why were European institutions...

Persistent link: https://www.econbiz.de/10010668470

Heterogeneity in Exchange Rate Expectations: Evidence on the Chartist-Fundamentalist Approach

Menkhoff, Lukas; Rebitzky, Rafael R.; Schröder, Michael - CESifo - 2008

This paper examines heterogeneity in exchange rate expectations. Whereas agents’ heterogeneity is key in modern … exchange rate models, evidence on determinants of heterogeneity is weak so far. Our sample, covering expectations from about … heterogeneity. The risk premium influences heterogeneity as well, but possible impacts from macroeconomic variables and exchange …

Persistent link: https://www.econbiz.de/10005765679

Survey Expectations

Pesaran, M. Hashem; Weale, Martin - CESifo - 2005

. Alternative models of expectations formation are reviewed and the importance of allowing for heterogeneity of expectations is …

Persistent link: https://www.econbiz.de/10005765808

Estimation and Inference in Large Heterogenous Panels with Cross Section Dependence

Pesaran, M. Hashem - CESifo - 2003

This paper presents a new approach to estimation and inference in panel data models with unobserved common factors possibly correlated with exogenously given individual-specific regressors and/or the observed common effects. The basic idea behind the proposed estimation procedure is to filter...

Persistent link: https://www.econbiz.de/10005766003