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

Hochguertel, Stefan; Ohlsson, Henry - Tinbergen Instituut - 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/10011255999

Nearly Unbiased Estimation in Dynamic Panel Data Models with Exogenous Variables

Carree, Martin A. - Tinbergen Instituut - 2002

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

Persistent link: https://www.econbiz.de/10011255535

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

Bun, Maurice J.G.; Klaassen, Franc J.G.M. - Tinbergen Instituut - 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/10011255682

Combining Panel Data Sets with Attrition and Refreshment Samples

Hirano, Keisuke; Imbens, Guido W.; Ridder, Geert; … - Tinbergen Instituut - 1998

This discussion paper resulted in a publication in Econometrica (2001). Volume 69, issue 6, pages 1645-1659. With panel data important issues can be resolved that can not beaddressed with cross--sectional data. A major drawback is that paneldata suffer from more severe missing data problems....

Persistent link: https://www.econbiz.de/10011256809

Product and Labor Market Imperfections and Scale Economies: Micro-Evidence on France, Japan and the Netherlands

Dobbelaere, Sabien; Kiyota, Kozo; Mairesse, Jacques - Tinbergen Instituut - 2013

Allowing for three labor market settings (perfect competition or right-to-manage bargaining, efficient bargaining and monopsony), this paper relies on an extension of Hall's econometric framework for estimating simultaneously price-cost margins and scale economies. Using an unbalanced panel of...

Persistent link: https://www.econbiz.de/10011257098

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

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

This discussion paper resulted in a publication in the Journal of Applied Econometrics, 2013, 28(1), 1-46. 10.1002/jae.1256 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...

Persistent link: https://www.econbiz.de/10011257250

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

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

Measurement of inequity in health care delivery has focused on the extent to which health care utilisation is or is not distributed according to need, irrespective of income. Studies using cross-sectional data have proposed various ways of measuring and standardizing for need, but inevitably...

Persistent link: https://www.econbiz.de/10011257403

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

Praag, Bernard M.S. van; Ferrer-i-Carbonell, Ada - Tinbergen Instituut - 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/10011256666

Insurance, Entrepreneurial Start-Up, and Performance

Ejrnæs, Mette; Hochguertel, Stefan - Tinbergen Instituut - 2014

Availability of (partial) insurance mechanisms is arguably important for the decision of (riskaverse) workers to start up a risky entrepreneurial venture. Using administrative data from Denmark, where unemployment insurance (UI) is available to both wage earners and self-employed on a voluntary...

Persistent link: https://www.econbiz.de/10011255609

Is Economic Recovery a Myth? Robust Estimation of Impulse Responses

Teulings, Coen N.; Zubanov, Nick - Tinbergen Instituut - 2010

See the publication in the 'Journal of Applied Econometrics' (2014). We estimate the impulse response function (IRF) of GDP toa banking crisis, applying an extension of the local projectionsmethod developed in Jorda (2005). This method is shown to bemore robust to misspecification than...

Persistent link: https://www.econbiz.de/10011255652