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Who is at the Top? Wealth Mobility over the Life Cycle

Hochguertel, Stefan; Ohlsson, Henry - Tinbergen Institute - 2012

expect considerable wealth mobility over the life cycle if the life-cycle motives and incentives to accumulate are strong and … data are unique, they follow a large sample of households over almost 40 years. There is substantial mobility when we … follow individual households over long enough time spans. We find that wealth mobility increased until the end of the 1980s …

Persistent link: https://www.econbiz.de/10009415515

Panel Data Estimates of the Production Function and Product and Labor Market Imperfections

Dobbelaere, Sabien; Mairesse, Jacques - Tinbergen Institute - 2009

Embedding the efficient bargaining model into the R. Hall (1988) approach for estimating price-cost margins shows that both imperfections in the product and labor markets generate a wedge between factor elasticities in the production function and their corresponding shares in revenue. This...

Persistent link: https://www.econbiz.de/10005144471

Nearly Unbiased Estimation in Dynamic Panel Data Models with Exogenous Variables

Carree, Martin A. - Tinbergen Institute - 2002

This paper introduces a new estimator for the fixed effects dynamic panel data model with exogenous variables. This estimator does not share some of the drawbacks of recently developed IV and GMM estimators and has a good performance even in small samples. The nearly unbiased estimator is...

Persistent link: https://www.econbiz.de/10005137135

The Importance of Accounting for Time Trends when Estimating the Euro Effect on Trade

Bun, Maurice J.G.; Klaassen, Franc J.G.M. - Tinbergen Institute - 2003

To study the effect of the euro on international goods trade one typically estimates a panel model for the level of trade. Trade levels increase over time, and we show that this is not fully explained by the included regressors. Because the euro is only present at the end of the sample, this may...

Persistent link: https://www.econbiz.de/10005137308

Measurement of Horizontal Inequity in Health Care Utilisation using European Panel Data

d'Uva, Teresa Bago; Jones, Andrew M.; Doorslaer, Eddy van - Tinbergen Institute - 2007

Forthcoming in the <I>Journal of Health Economics</I>.

Persistent link: https://www.econbiz.de/10005137066

Life Satisfaction Differences between Workers and Non-Workers - The Value of Participation per se

Praag, Bernard M.S. van; Ferrer-i-Carbonell, Ada - Tinbergen Institute - 2002

Is working more than monetary income? This paper attempts to give an answer to this question on the basis of the German Socio-economic Panel data set. By comparing the satisfaction with life between workers and non-workers with the same household income, the monetary value of participating in...

Persistent link: https://www.econbiz.de/10005209443

Entrepreneurial Moral Hazard in Income Insurance

Ejrnaes, Mette; Hochguertel, Stefan - Tinbergen Institute - 2008

We study risk behavior of Danish self-employed entrepreneurs, whose income risk may be driven by both exogenous factors and effort choice (moral hazard). Partial insurance is available through voluntary unemployment insurance (UI). Additional incentives to sign insurance contracts stem from a...

Persistent link: https://www.econbiz.de/10005144470

Continuous-Time Modelling with Spatial Dependence

Oud, Johan H.L.; Folmer, Henk; Patuelli, Roberto; … - Tinbergen Institute - 2011

(Spatial) panel data are routinely modelled in discrete time (DT). However, there are compelling arguments for continuous time (CT) modelling of (spatial) panel data. Particularly, most social processes evolve in CT, so that statistical analysis in DT is an oversimplification, gives an...

Persistent link: https://www.econbiz.de/10009201135

A Dynamic Analysis of the Demand for Health Insurance and Health Care

Bolhaar, Jonneke; Lindeboom, Maarten; Klaauw, Bas van der - Tinbergen Institute

We investigate the presence of moral hazard and advantageous or adverse selection in a market for supplementary health insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates of the health care utilization models indicate...

Persistent link: https://www.econbiz.de/10005137193

US and European Household Debt and Credit Constraints

Crook, Jonathan; Hochguertel, Stefan - Tinbergen Institute - 2007

This paper uses micro data from four OECD countries (the United States, Spain, Italy, and the Netherlands), to assess the determinants of household debt holding and to investigate whether or not credit constraints are important for household debt holding. We extend the existing literature in...

Persistent link: https://www.econbiz.de/10005137368