Similar Search Results

Non-Parametric Preprocessing for the Estimation of Equivalence Scales

Dudel, Christian; Garbuszus, Jan Marvin; Ott, Notburga; … - CESifo - 2014

Empirically analyzing household behavior usually relies on informal data preprocessing. That is, before an econometric model is estimated, observations are selected in such a way that the resulting subset of data can be assumed to be sufficiently homogeneous with respect to the specific research...

Persistent link: https://www.econbiz.de/10011096357

A Behaviour-based Approach to the Estimation of Poverty in India

Almås, Ingvild; Kjelsrud, Anders; Somanathan, Rohini - CESifo - 2013

Since the late 1970s, the price indices underlying the poverty lines in India have been updated using aggregate indices … consumption survey data. We propose an alternative approach that identifies poverty from consumer behaviour, based on the notion … higher levels of poverty in eastern India, and generally, smaller reductions in poverty from 2005 to 2010. Our poverty …

Persistent link: https://www.econbiz.de/10010877856

Poverty and Welfare Measurement on the Basis of Prospect Theory

Jäntti, Markus; Kanbur, Ravi; Nyyssölä, Milla; … - CESifo - 2013

This paper examines the measurement of social welfare, poverty and inequality taking into account reference …-dependence, loss aversion and diminishing sensitivity—aspects emphasized in Prospect Theory—to social welfare measurement. We suggest a … differences between standard poverty and inequality measures based on observed income and measures that are calculated based on …

Persistent link: https://www.econbiz.de/10010607471

The Application of the Capability Approach to High-Income OECD Countries: A Preliminary Survey

Volkert, Jürgen; Schneider, Friedrich - CESifo - 2011

-being in affluent countries. It focuses on CA applications related to general well-being, inequalities, poverty and human …

Persistent link: https://www.econbiz.de/10008853849

Tests of Policy Ineffectiveness in Macroeconometrics

Pesaran, M. Hashem; Smith, Ron P. - CESifo - 2014

This paper proposes tests of policy ineffectiveness in the context of macroeconometric rational expectations models. It is assumed that there is a policy intervention that takes the form of changes in the parameters of a policy rule, and that there are sufficient observations before and after...

Persistent link: https://www.econbiz.de/10010877883

Fiscal Federalism, Decentralization and Economic Growth: Survey and Meta-Analysis

Baskaran, Thushyanthan; Feld, Lars P.; Schnellenbach, Jan - CESifo - 2014

The theoretical literature on the economics of fiscal federalism has identified several potential effects of government decentralization on economic growth. Much of the traditional literature focuses on the efficiency aspects of a decentralized provision of public services. However,...

Persistent link: https://www.econbiz.de/10010948879

Counterfactual Analysis in Macroeconometrics: An Empirical Investigation into the Effects of Quantitative Easing

Pesaran, M. Hashem; Smith, Ron P. - CESifo - 2012

This paper is concerned with ex ante and ex post counterfactual analyses in the case of macroeconometric applications where a single unit is observed before and after a given policy intervention. It distinguishes between cases where the policy change affects the model’s parameters and where it...

Persistent link: https://www.econbiz.de/10010556848

Understanding Rig Rates

Osmundsen, Petter; Rosendahl, Knut Einar; Skjerpen, Terje - CESifo - 2013

We examine the largest cost component in offshore development projects, drilling rates, which have been high in recent years. To our knowledge, rig rates have not been analysed empirically before in the economic literature. Using econometric analysis, we examine the effects of gas and oil...

Persistent link: https://www.econbiz.de/10010723539

Measuring Time and Risk Preferences: Realiability, Stability, Domain Specificity

Wölbert, Eva; Riedl, Arno - CESifo - 2013

To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...

Persistent link: https://www.econbiz.de/10010681226

Asymmetric Connectedness on the U.S. Stock Market: Bad and Good Volatility Spillover

Baruník, Jozef; Kocenda, Evžen; Vácha, Lukáš - CESifo - 2015

This paper suggests how to quantify asymmetries in volatility spillovers that emerge due to bad and good volatility. Using data covering most liquid U.S. stocks in seven sectors, we provide ample evidence of the asymmetric connectedness of stocks at the disaggregate level. Moreover, the...

Persistent link: https://www.econbiz.de/10011257668