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Non-take-up of Tax-favored Savings Plans: Are Household Portfolios Optimal?
Alessie, Rob; Hochguertel, Stefan; Soest, Arthur van - Tinbergen Instituut - 2001
Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …-sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this planare tax-deductible, and … suggests that those who have access to this type of savings should participate inthem, provided they have some financial wealth …
Persistent link: https://www.econbiz.de/10011257210
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Entrepreneurial Moral Hazard in Income Insurance
Ejrnaes, Mette; Hochguertel, Stefan - Tinbergen Instituut - 2008
We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....
Persistent link: https://www.econbiz.de/10011256235
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Alternative Measures of the Explanatory Power of Multivariate Probit Models with Continuous or Ordinal Responses
Spieß, Martin; Tutz, Gerhard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002
In this paper R2-type measures of the explanatory power of multivariate linear and categorical probit models proposed in the literature are reviewed and their deficiencies are discussed. It is argued that a measure of the explanatory power should take into account the components which are...
Persistent link: https://www.econbiz.de/10004963825
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Prevalence and substitution effects in tobacco consumption: A discrete choice analysis of panel data
Wangen, Knut R.; Biørn, Erik - Statistisk Sentralbyrå, Government of Norway - 2001
This paper analyzes tobacco demand within a discrete choice framework. Using binomial and multinomial logit models with random effects, and an unbalanced panel data set of Norwegian households over a twenty year period, we first consider the decisions a) whether to smoke or not, and b) given the...
Persistent link: https://www.econbiz.de/10004980727
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GEE Estimation of a Two-Equation Panel Data Model: An Analysis of Wage Dynamics and the Incidence of Profit-Sharing in West Germany
Pannenberg, Markus; Spieß, Martin - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007
We propose a generalized estimating equations approach to the analysis of the mean and the covariance structure of a bivariate time series process of panel data with mixed continuous and discrete dependent variables. The approach is used to jointly analyze wage dynamics and the incidence of...
Persistent link: https://www.econbiz.de/10005068845
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The Dynamics of Social Assistance Receipt: Measurement and Modelling Issues, with an Application to Britain
Cappellari, Lorenzo; Jenkins, Stephen P. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
We model the dynamics of social assistance benefit receipt in Britain using data from the British Household Panel Survey, waves 1-15. First, we discuss definitions of social assistance benefit receipt, and present information about the trends between 1991 and 2005 in the receipt of social...
Persistent link: https://www.econbiz.de/10005069090
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From No Pay to Low Pay and Back Again?: A Multi-State Model of Low Pay Dynamics
Uhlendorff, Arne - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006
This study analyzes the mobility between three labor market states: working in low paid jobs, working in higher paid jobs and not working. Using German panel data I estimate dynamic multinomial logit panel data models with random effects taking the initial conditions problem and potential...
Persistent link: https://www.econbiz.de/10005069104
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Retirement Choices in Italy: What an Option Value Model tells us
Belloni, Michele; Alessie, Rob - Tinbergen Instituut - 2010
Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement choices. As far as we know, this isthe first empirical study to estimate the conditional multiple-years modelput forward by Stock and Wise (1990). This implies that we account...
Persistent link: https://www.econbiz.de/10011257328
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Adoption of Electric Vehicle in the Netherlands – A Stated Choice Experiment
Bockarjova, M.; Rietveld, P.; Knockaert, J.S.A. - Tinbergen Instituut - 2013
In this paper, we apply a dynamic innovation diffusion framework to model adoption of full electric vehicles where we explicitly distinguish three major phases of adoption: introduction, growth and maturity. We combine this approach with an SP study to elicit individual preferences for...
Persistent link: https://www.econbiz.de/10011256877
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US and European Household Debt and Credit Constraints
Crook, Jonathan; Hochguertel, Stefan - Tinbergen Instituut - 2007
consumption models, including a numerically solved precautionary savings model. We find that inter-country differences are …
Persistent link: https://www.econbiz.de/10011257319