Showing 1 - 10 of 55
This paper addresses the selection of smoothing parameters for estimating the average treatment effect on the treated using matching methods. Because precise estimation of the expected counterfactual is particularly important in regions containing the mass of the treated units, we define and...
Persistent link: https://www.econbiz.de/10005822100
This paper extends the transformed maximum likelihood approach for estimation of dynamic panel data models by Hsiao, Pesaran, and Tahmiscioglu (2002) to the case where the errors are crosssectionally heteroskedastic. This extension is not trivial due to the incidental parameters problem that...
Persistent link: https://www.econbiz.de/10010552471
Consider a setting where a treatment that starts at some point during a spell (e.g. in unemployment) may impact on the hazard rate of the spell duration, and where the impact may be heterogeneous across subjects. We provide Monte Carlo evidence on the feasibility of estimating the distribution...
Persistent link: https://www.econbiz.de/10008611306
Cultural diversity is a complex and multi-faceted concept. Commonly used quantitative measures of the spatial distribution of culturally-defined groups – such as segregation, isolation or concentration indexes – are often only capable of identifying just one aspect of this distribution. The...
Persistent link: https://www.econbiz.de/10010786980
range of specific outcomes, allowing us to measure uncertainty, assess its driving forces, and compare this measure of … uncertainty with the dispersion of point-estimates among individual forecasters (a measure of disagreement). We also assess the …. Finally we assess the role of risk, finding little evidence that risk-aversion drives a wedge between market prices and …
Persistent link: https://www.econbiz.de/10005700980
This paper analyses the savings behaviour of natives and immigrants in Germany. It is argued that uncertainty about …
Persistent link: https://www.econbiz.de/10005762210
social security schemes, an ageing population thus leads to policy uncertainty in first pillar pensions. This paper sheds … presence of such policy uncertainty. To do so, I assess the influence of subjective policy change expectations on voluntary … for anticipated policy changes in old age social security and policy uncertainty in social security thus seems to lead to …
Persistent link: https://www.econbiz.de/10005763471
rates of return that takes into account tuition, income taxes and forms of uncertainty. We also contrast estimates based on … returns. Accounting for uncertainty affects estimates of rates of return. Accounting for sequential revelation of information … summarized. We distinguish ex ante from ex post returns. New panel data methods for estimating the uncertainty and psychic costs …
Persistent link: https://www.econbiz.de/10005763483
earnings variability are due to uncertainty and which components are due to components of human diversity that are forecastable …
Persistent link: https://www.econbiz.de/10005822493
Optimal layoff rules in closed form are derived for all workers in a firm that downsizes under uncertainty and faces … aircraft building company that went bankrupt in 1996 shows that workers with high uncertainty associated with higher than …
Persistent link: https://www.econbiz.de/10005822776