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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

Modelling Low Income Transitions

Cappellari, Lorenzo; Jenkins, Stephen P. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002

We examine the determinants of low income transitions using first-order Markov models that control for initial conditions effects (those found to be poor in the base year may be a nonrandom sample) and for attrition (panel retention may also be non-random). Our econometric model is a form of...

Persistent link: https://www.econbiz.de/10004963755

Distributional and Welfare Effects of Germany's Year 2000 Tax Reform

Ochmann, Richard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

is estimated in a structural model for household savings and asset demand applied to German survey data. Significant … savings and alter the structure of asset demand as a result of shifts in relative asset prices. As a consequence, utility …

Persistent link: https://www.econbiz.de/10008756095

Differential Income Taxation and Household Asset Allocation

Ochmann, Richard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

This paper empirically investigates the effects of differential income taxation on households' portfolio choice and asset allocation applying a two-stage budgeting model of asset demand to German survey data. The model is structured into the discrete asset choice and the continuous asset choice,...

Persistent link: https://www.econbiz.de/10008645017

Unit Labor Cost Growth Differentials in the Euro Area, Germany, and the US: Lessons from PANIC and Cluster Analysis

Fritsche, Ulrich; Kuzin, Vladimir - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of inflation using unit labour cost (ULC) growth and applying...

Persistent link: https://www.econbiz.de/10005068930

Testing for Convergence in Stock Markets: A Non-linear Factor Approach

Caporale, Guglielmo Maria; Erdogan, Burcu; Kuzin, Vladimir - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

This paper applies the Phillips and Sul (2007) method to test for convergence in stock returns to an extensive dataset including monthly stock price indices for five EU countries (Germany, France, the Netherlands, Ireland and the UK) as well as the US over the period 1973-2008. We carry out the...

Persistent link: https://www.econbiz.de/10008461820

Household Savings Decision and Income Uncertainty

Beznoska, Martin; Ochmann, Richard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …-induced variation of net returns to savings is expected to have no significant effects on the level of savings. Moreover, we find …

Persistent link: https://www.econbiz.de/10008490411

Unemployment and Portfolio Choice: Does Persistence Matter?

Kuzin, Vladimir; Bremus, Franziska - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

We use a life-cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...

Persistent link: https://www.econbiz.de/10010661267

Unemployment and Portfolio Choice: Does Persistence Matter?

Kuzin, Vladimir; Bremus, Franziska - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

Persistent link: https://www.econbiz.de/10010818213

Unemployment and Portfolio Choice: Does Persistence Matter?

Kuzin, Vladimir; Bremus, Franziska - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...

Persistent link: https://www.econbiz.de/10008583477