Showing 1 - 10 of 72
We investigate the dramatic transformation of ownership policies and ownership structure in Sweden during the postwar period. After WWII, Swedish ownership policies were guided by a socialist vision where the ultimate goal was abolition of private ownership. These policies came to an end in the...
Persistent link: https://www.econbiz.de/10001622423
Persistent link: https://www.econbiz.de/10001743437
Guided by a simple theory of task assignment and time allocation, we investigate the long run response to national … differences in tax rates on labor income, payrolls and consumption. The theory implies that higher tax rates reduce work time in …
Persistent link: https://www.econbiz.de/10002099742
wages, and the issue of how the existence of task structures, or career ladders, affect wages becomes paramount. Using data … artifact of the data rather than an accurate description of the world. -- wages ; plant size ; occupational hierarchies …
Persistent link: https://www.econbiz.de/10001607833
In this paper we present a unit root test against a nonlinear dynamic heterogenous panel with each cross section modelled as an LSTAR model. All parameters are viewed as cross section specific. We allow for serially correlated residuals over time and heterogenous variance among cross sections....
Persistent link: https://www.econbiz.de/10002595402
The full Bayesian treatment of error component models typically relies on data augmentation to produce the required inference. Never stricly necessary a direct approach is always possible though not necessarily practical. The mechanics of direct sampling are outlined and a template for including...
Persistent link: https://www.econbiz.de/10002595455
In this paper we propose a method for determining the number of regimes in threshold autoregressive models using smooth transition autoregression as a tool. As the smooth transition model is just an approximation to the threshold autoregressive one, no asymptotic properties are claimed for the...
Persistent link: https://www.econbiz.de/10002535492
In a strategic game, a curb set [Basu and Weibull, Econ. Letters 36 (1991) 141] is a product set of pure strategies containing all best responses ro every possible belief restricted to this set. Prep sets [Voorneveld, Games Econ. Behav. 48 (2004) 403] relax this condition by only requiring the...
Persistent link: https://www.econbiz.de/10002552658
The empirical evidence of adverse selection in insurance markets is mixed. The problem in assessing the extent of … it difficult to distinguish between adverse selection and moral hazard. Unique micro data, from a dental insurance … insurance makes it possible to observe a proxy for private information. Interestingly, results differ across risk classes …
Persistent link: https://www.econbiz.de/10002570039
Micro data from a dental insurance natural experiment is used to analyze why agents opt out of insurance. The purpose … show that agents tend to leave the insurance when reclassified into higher premium classes, or when experiencing … unexpectedly low dental care utilization within the insurance. They are more responsive to higher premiums than to lower expected …
Persistent link: https://www.econbiz.de/10002570047