Narrow search
Showing 1 - 10 of 34
Cover Image
Are Education and Entrepreneurial Income Endogenous and do Family Background Variables make Sense as Instruments? A Bayesian Analysis
Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Institute - 2010
Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from …) income and of education. Using instrumental variables can provide a way out. However, three questions remain: whether … that the relationship between education and entrepreneurial income is indeed endogenous and that the impact of endogeneity …
Persistent link: https://www.econbiz.de/10008838535
Cover Image
Family Background Variables as Instruments for Education in Income Regressions: A Bayesian Analysis
Hoogerheide, Lennart; Block, Joern H.; Thurik, Roy - Tinbergen Institute - 2010
The validity of family background variables instrumenting education in income regressions has been much criticized. In … instruments in income regressions. …
Persistent link: https://www.econbiz.de/10008484065
Cover Image
Capital Structure and the Redeployability of Tangible Assets
Campello, Murillo; Giambona, Erasmo - Tinbergen Institute - 2011
We characterize the relation between corporate asset structure and capital structure by exploiting variation in the salability of tangible assets. Theory suggests that tangibility increases borrowing capacity because it allows creditors to more easily repossess a firm’’s assets. Tangible...
Persistent link: https://www.econbiz.de/10009209849
Cover Image
Instrumental Variables, Errors in Variables, and Simultaneous Equations Models: Applicability and Limitations of Direct Monte Carlo
Zellner, Arnold; Ando, Tomohiro; Basturk, Nalan; … - Tinbergen Institute - 2011
A Direct Monte Carlo (DMC) approach is introduced for posterior simulation in the Instrumental Variables (IV) model with one possibly endogenous regressor, multiple instruments and Gaussian errors under a flat prior. This DMC method can also be applied in an IV model (with one or multiple...
Persistent link: https://www.econbiz.de/10009322995
Cover Image
Education and Entrepreneurial Choice: An Instrumental Variables Analysis
Block, Joern H.; Hoogerheide, Lennart; Thurik, Roy - Tinbergen Institute - 2009
Education is argued to be an important driver of the decision to start a business. The measurement of its influence, however, is difficult since it is considered to be an endogenous variable. This study accounts for this endogeneity by using an instrumental variables approach
Persistent link: https://www.econbiz.de/10008513229
Cover Image
Possibly Ill-behaved Posteriors in Econometric Models
Hoogerheide, Lennart; Dijk, Herman K. van - Tinbergen Institute - 2008
-elliptical posteriors in a model for the effect of education on income using data from the well-known Angrist and Krueger (1991) study and …
Persistent link: https://www.econbiz.de/10005504938
Cover Image
Identifying the Weights in Exchange Market Pressure
Klaassen, Franc - Tinbergen Institute - 2011
Exchange market pressure (EMP) measures the pressure on a currency
Persistent link: https://www.econbiz.de/10008838565
Cover Image
Identifying the Weights in Exchange Market Pressure
Klaassen, Franc - Tinbergen Institute - 2011
Exchange market pressure (EMP) measures the pressure on a currency to depreciate. It adds to the actual depreciation a weighted combination of policy instruments used to ward off depreciation, such as interest rates and foreign exchange interventions, where the weights are their effectiveness....
Persistent link: https://www.econbiz.de/10008838620
Cover Image
Competition and Well-Being
Brandts, Jordi; Riedl, Arno; Winden, Frans van - Tinbergen Institute - 2004
We study the effects of competition in a context in which people's actions can not be contractually fixed. We find that in such an environment the very presence of competition does neither increase efficiency nor does it yield any payoff gains for the short side of the market. We also find that...
Persistent link: https://www.econbiz.de/10005136861
Cover Image
Abolishing GDP
Bergh, Jeroen C.J.M. van den - Tinbergen Institute - 2007
Expectations and information about the growth of GDP per capita have a large influence on decisions made by private and public economic agents. It will be argued here that GDP (per capita) is far from a robust indicator of social welfare, and that its use as such must be regarded as a serious...
Persistent link: https://www.econbiz.de/10005137102