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Heterogeneity in Wage Setting Behavior in a New-Keynesian Model

Eijffinger, Sylvester; Uras, Burak R.; Grajales Olarte, A. - Tilburg University, Center for Economic Research - 2015

In this paper we estimate a New-Keynesian DSGE model with heterogeneity in price and wage setting behavior. In a recent …) framework by incorporating heterogeneity in nominal wage setting behavior among households. We solve this DSGE model and … heterogeneity in wage rigidity, such as the persistence in price and the wage inflation, which a standard New Keynesian model with …

Persistent link: https://www.econbiz.de/10011220495

Environmental Kuznets Curves for CO2 : Heterogeneity Versus Homogeneity

Melenberg, Bertrand; Vollebergh, H.R.J.; Dijkgraaf, E. - Tilburg University, Center for Economic Research - 2005

relatively homogeneous sample, we find that the inverted-U-shaped curve is quite sensitive to the degree of heterogeneity … allowing for enough heterogeneity is essential to prevent spurious correlation from reduced-form panel estimations …

Persistent link: https://www.econbiz.de/10011090701

Heterogeneous Treatment Effects : Instrumental Variables Without Monotonicity?

Klein, Tobias J. - Tilburg University, Center for Economic Research - 2008

A fundamental identification problem in program evaluation arises when idiosyncratic gains from participation and the treatment decision depend on each other. Imbens and Angrist (1994) were the first to exploit a monotonicity condition in order to identify a local average treatment effect...

Persistent link: https://www.econbiz.de/10011091226

On Heterogeneous Covert Networks

Borm, Peter; Lindelauf, R.; Hamers, H.J.M. - Tilburg University, Center for Economic Research - 2008

Covert organizations are constantly faced with a tradeoff between secrecy and operational efficiency. Lindelauf, Borm and Hamers (2008) developed a theoretical framework to deter- mine optimal homogeneous networks taking the above mentioned considerations explicitly into account. In this paper...

Persistent link: https://www.econbiz.de/10011091539

Voting on Punishment Systems Within a Heterogeneous Group

Noussair, Charles; Tan, F. - Tilburg University, Center for Economic Research - 2009

We consider a voluntary contributions game, in which players may punish others after contributions are made and observed. The productivity of contributions, as captured in the marginal-per-capita return, differs among individuals, so that there are two types: high and low productivity. Every two...

Persistent link: https://www.econbiz.de/10011092305

Accounting for Heterogeneous Returns in Sequential Schooling Decisions

Zamarro, G. - Tilburg University, Center for Economic Research - 2006

.A test for heterogeneity in returns from sequential schooling decisions is developed and expressions for Marginal Treatment …

Persistent link: https://www.econbiz.de/10011092488