Showing 1 - 10 of 11
This paper constructs tests for heteroskedasticity in one-way error components models, in line with Baltagi, Bresson and Pirotte (Journal of Econometrics, 134, 2006). Our tests have two additional robustness properties. First, standard tests for heteroskedasticity in the individual component are...
Persistent link: https://www.econbiz.de/10010820497
This paper constructs tests for heteroskedasticity in one-way error components models, in line with Baltagi, Bresson and Pirotte (Journal of Econometrics, 134, 2006). Our tests have two additional robustness properties. First, standard tests for heteroskedasticity in the individual component are...
Persistent link: https://www.econbiz.de/10010820829
Empirical evidence, obtained from nonparametric estimation of the income distribution, exhibits strong heterogeneity in most populations of interest. It is common, therefore, to suspect that the population is composed of several homogeneous subpopulations. Such an assumption leads us to consider...
Persistent link: https://www.econbiz.de/10010750472
In this paper we model the income distribution using a Bayesian approach and a mixture of lognormal densities. The size of the mixture is determined by Chib (1995)'s method. Using the Federal Expenditure Survey data for the United Kingdom, we detect three groups corresponding to the three...
Persistent link: https://www.econbiz.de/10008924986
Whereas studies on the optimal taxation under endogenous longevity assume a fixed heterogeneity of lifestyles, this paper considers the optimal tax policy in an economy where unequal longevities are the unintended outcome of differences in lifestyles, and where lifestyles are transmitted across...
Persistent link: https://www.econbiz.de/10010738830
mortality patterns. To examine that issue, this paper develops an overlapping generations model where a healthy lifestyle and an … unhealthy lifestyle are transmitted vertically or obliquely across generations. It is shown that there must exist a locally …
Persistent link: https://www.econbiz.de/10010739132
Our objective in this paper is twofold: first, we want to give a theoretical founding to empirical findings of several works that emphasize the fact that while distance traveled increases with household location distance from the city center, transportation time tends to decrease, thus offering...
Persistent link: https://www.econbiz.de/10009368016
We model a city in which jobs are exogenous and distributed across an extended business area in which transport has a nonzero cost. Households are homogeneous in terms of utility and gross income, but each household chooses its residential location on the basis of its place of employment, which...
Persistent link: https://www.econbiz.de/10008794148
The effect of an individual-specific measure of accessibility to jobs is analyzed using a three-level nested logit model of residential location, workplace, and job type choice. This measure takes into account the attractiveness of different job types when the workplace choice is anticipated in...
Persistent link: https://www.econbiz.de/10010899354
A three-level nested logit model for the choice of residential location, workplace, and type of employment is used to assess the effect of an individual-specific measure of accessibility to employments that takes into account the attractiveness of different occupations when the choice of...
Persistent link: https://www.econbiz.de/10010899447