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The Marriage Market, Labor Supply and Education Choice
Meghir, Costas; Chiappori, Pierré-Andre; Dias, Monica Costa - National Bureau of Economic Research (NBER) - 2015
We develop an equilibrium lifecycle model of education, marriage and labor supply and consumption in a transferable utility context. Individuals start by choosing their investments in education anticipating returns in the marriage market and the labor market. They then match based on the...
Persistent link: https://www.econbiz.de/10011252666
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Econometric Methods for Research in Education
Meghir, Costas; Rivkin, Steven G. - National Bureau of Economic Research (NBER) - 2010
This paper reviews some of the econometric methods that have been used in the economics of education. The focus is on understanding how the assumptions made to justify and implement such methods relate to the underlying economic model and the interpretation of the results. We start by...
Persistent link: https://www.econbiz.de/10008622342
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Empirical Determinants of Intertemporal Choice
Brown, Jeffrey Robert; Ivković, Zoran; Weisbenner, Scott - National Bureau of Economic Research (NBER) - 2013
We study the empirical determinants of intertemporal choice by analyzing a unique decision Croatian retirees made recently about whether to accept an immediate pension payment or a larger stream of delayed payments. Individual decisions are correlated in sensible ways with income, liquidity...
Persistent link: https://www.econbiz.de/10010969313
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Who Uses the Roth 401(k), and How Do They Use It?
Laibson, David; Madrian, Brigitte C.; Beshears, John; … - National Bureau of Economic Research (NBER) - 2013
Using administrative data from twelve companies that added a Roth 401(k) option between 2006 and 2010, we describe the characteristics of Roth contributions. Approximately one year after the Roth is introduced, 9% of 401(k) participants have positive Roth balances. Roth participation is more...
Persistent link: https://www.econbiz.de/10010969318
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Recent Marginal Labor Income Tax Rate Changes by Skill and Marital Status
Mulligan, Casey - National Bureau of Economic Research (NBER) - 2012
This paper calculates monthly time series for the overall safety net's statutory marginal labor income tax rate as a function of skill and marital status. Marginal tax rates increased significantly for all groups between 2007 and 2009, and dramatically so for unmarried household heads. The...
Persistent link: https://www.econbiz.de/10010969427
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Linking Benefits to Investment Performance in US Public Pension Systems
Novy-Marx, Robert; Rauh, Joshua D. - National Bureau of Economic Research (NBER) - 2012
This paper calculates the effect that introducing risk-sharing during either retirement or the working life would have on public sector pension liabilities. We begin by considering the introduction of a variable annuity for the retirement phase, modeled on the Wisconsin Retirement System, in...
Persistent link: https://www.econbiz.de/10010969448
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The Lightbulb Paradox: Evidence from Two Randomized Experiments
Allcott, Hunt; Taubinsky, Dmitry - National Bureau of Economic Research (NBER) - 2013
Imperfect information and inattention to energy costs are important potential justifications for energy efficiency …
Persistent link: https://www.econbiz.de/10010884914
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Did the Community Reinvestment Act (CRA) Lead to Risky Lending?
Benmelech, Efraim; Agarwal, Sumit; Bergman, Nittai; … - National Bureau of Economic Research (NBER) - 2012
Yes, it did. We use exogenous variation in banks' incentives to conform to the standards of the Community Reinvestment Act (CRA) around regulatory exam dates to trace out the effect of the CRA on lending activity. Our empirical strategy compares lending behavior of banks undergoing CRA exams...
Persistent link: https://www.econbiz.de/10010950687
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Belt and Suspenders and More: The Incremental Impact of Energy Efficiency Subsidies in the Presence of Existing Policy Instruments
Aldy, Joseph E.; Houde, Sébastien - National Bureau of Economic Research (NBER) - 2014
, especially in the energy efficiency space. Some consumers respond to information disclosure by purchasing energy … lower bound of a minimum efficiency standard (and a given subsidy may be insufficient to change their investment toward a … more energy-efficient option). We investigate the incremental impact of energy efficiency rebates in the context of …
Persistent link: https://www.econbiz.de/10010950766
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Social Security Programs and Retirement Around the World: Disability Insurance Programs and Retirement - Introduction and Summary
Coile, Courtney; Milligan, Kevin; Wise, David - National Bureau of Economic Research (NBER) - 2014
This is the introduction and summary to the sixth phase of an ongoing project on Social Security Programs and Retirement Around the World. The first phase described the retirement incentives inherent in plan provisions and documented the strong relationship across countries between social...
Persistent link: https://www.econbiz.de/10010950785