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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

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

Do temporary workers receive risk-premiums? Assessing the wage effects of fixed-term contracts in West-Germany by matching estimators compared with parametric apporaches

Hagen, Tobias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

The wage effects of fixed-term contracts (FTCs) are analysed with the GSOEP for West Germany. Different estimators which take into account selection bias are used. It is shown that propensity score matching estimators which are usually applied for the evaluation of active labour market...

Persistent link: https://www.econbiz.de/10005097754

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

Three Approaches to the Evaluation of Active Labour Market Policy in East Germany Using Regional Data

Hagen, Tobias - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2003

Using different regional data sources for East Germany the three largest active labour market policy (ALMP) programmes – job creation schemes (JCS), structural adjustment schemes (SAS) and public training (PT) – are evaluated. After addressing the regional allocation rule of the funding of...

Persistent link: https://www.econbiz.de/10005098150

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

Liquidity Constraints and the Permanent Income Hypothesis: Pseudo Panel Estimation with German Consumption Survey Data

Beznoska, Martin; Ochmann, Richard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

This paper empirically investigates the relevance of liquidity constraints and excess sensitivity in intertemporal household consumption. Using a pseudo panel that has been constructed on rich German consumption survey data, we estimate the consumption responses to permanent and transitory...

Persistent link: https://www.econbiz.de/10010561138

Do Wealthier Households Save More?: The Impact of the Demographic Factor

Belke, Ansgar; Dreger, Christian; Ochmann, Richard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

the savings rate is not homogeneous. On average, the effect attributed to real estate dominates the other components of … wealth. In addition, the savings rate strongly responds to demographic trends. Besides the direct impact of the age structure …, an indirect effect arises through the accumulation of wealth. The savings rate does not decrease with age in a monotonic …

Persistent link: https://www.econbiz.de/10010551077