Showing 1 - 10 of 165
Persistent link: https://www.econbiz.de/10013480763
"Employment among older men and women has increased dramatically in recent years, reversing a downward trend in the closing decades of the twentieth century. Social Security Programs and Retirement around the World: The Effects of Reforms on Retirement Behavior examines how changing retirement...
Persistent link: https://www.econbiz.de/10015070112
Persistent link: https://www.econbiz.de/10013481221
The market portfolio is in one sense the least important portfolio to provide to investors. In an J-agent one-period stochastic endowment economy, where preferences are quadratic, a social-welfare-minded contract designer would never create a contract that would allow trading the market...
Persistent link: https://www.econbiz.de/10012472914
The paper discusses a methodology for calculating the distribution of gains and losses from a policy change using data for a large sample of households. Estimates are based on the equivalent income function, which is money metric utility defined over observable variables. This enables...
Persistent link: https://www.econbiz.de/10012478410
Persistent link: https://www.econbiz.de/10001476940
Persistent link: https://www.econbiz.de/10011476884
Pensions and contemporary socioeconomic change / Assar Lindbeck -- Different approaches to pension reform from an economic point of view / Jonathan Gruber, David A. Wise -- Labor mobility, redistribution, and pension reform in Europe / Alain Jousten, Pierre Pestieau -- France: the difficult path...
Persistent link: https://www.econbiz.de/10001629344
We propose a portmanteau test for serial correlation of the error term in a fixed effects model. The test is derived as a conditional Lagrange multiplier test, but it also has a straightforward Wald test interpretation. In Monte Carlo experiments, the test displays good size and power properties
Persistent link: https://www.econbiz.de/10012467268
This paper introduces a method for solving numerical dynamic stochastic optimization problems that avoids rootfinding operations. The idea is applicable to many microeconomic and macroeconomic problems, including life cycle, buffer-stock, and stochastic growth problems. Software is provided
Persistent link: https://www.econbiz.de/10012467286