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Vulnerability in a Stochastic Dynamic Model

Elbers, Chris; Gunning, Jan Willem - Tinbergen Institute - 2003

Most measures of vulnerability are a-theoretic and essentially static. In this paper we use a stochastic Ramsey model to find a household's optimal welfare and we measure vulnerability as the shortfall from the welfare attained if the household consumed permanently at the poverty line. The...

Persistent link: https://www.econbiz.de/10005136956

Growth and Risk: Methodology and Micro Evidence

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - Tinbergen Institute - 2003

There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...

Persistent link: https://www.econbiz.de/10005137127

Convergence, Shocks and Poverty

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - Tinbergen Institute - 2002

Using a unique panel data set for rural households in Zimbabwe we estimate a

Persistent link: https://www.econbiz.de/10005504912

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

Non-take-up of Tax-favored Savings Plans: Are Household Portfolios Optimal?

Alessie, Rob; Hochguertel, Stefan; Soest, Arthur van - Tinbergen Institute - 2002

Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer …- sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this plan are tax … suggests that those who have access to this type of savings should participate in them, provided they have some financial …

Persistent link: https://www.econbiz.de/10005795582

US and European Household Debt and Credit Constraints

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

consumption models, including a numerically solved precautionary savings model. We find that inter-country differences are …

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

Forecasting Productivity Using Information from Firm-Level Data

Bartelsman, Eric J.; Wolf, Zoltán - Tinbergen Institute - 2009

This paper contributes to the productivity literature by using results from firm-level productivity studies to improve forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity to build times-series components that capture the...

Persistent link: https://www.econbiz.de/10005016264

Business Ownership and Economic Growth in 23 OECD Countries

Carree, Martin; Stel, André van; Thurik, Roy; … - Tinbergen Institute - 2000

In the present paper we address the relationship between the extent of business ownership (self-employment) and economic development. We will focus upon three issues. First, how is the equilibrium rate of business ownership related to the stage of economic development? Second, what is the speed...

Persistent link: https://www.econbiz.de/10005144445

Favoritism in the Public Provision of Goods in Developing Countries

Batabyal, Amitrajeet A.; Nijkamp, Peter - Tinbergen Institute - 2004

Goods are often allocated publically by means of queuing processes in developing countries. In such situations, which group of citizens should a corrupt government official favor? In addition, what should be the basis for this favoritism? To the best of our knowledge, these salient questions...

Persistent link: https://www.econbiz.de/10005144457

A Geometry of Specialization

Francois, Joseph F.; Nelson, Douglas - Tinbergen Institute - 1998

Division of labor models have become a standard analytical tool, along with competitive general equilibrium models (Ricardian, HOS, Ricardo-Viner), in public finance, trade, growth, development, and macroeconomics. Yet unlike the earlier models, specialization models lack a canonical...

Persistent link: https://www.econbiz.de/10005137114