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Optimal Saving Rules for Loss-Averse Agents under Uncertainty

Siegmann, Arjen H. - Tinbergen Instituut - 2001

Most empirical studies assume only monotonic preferences for households. Behavioral research however providessubstantial evidence that preferences for wealth are measured relative to a reference point. In this paper weintroduce and solve a two-period consumption and savings model for a...

Persistent link: https://www.econbiz.de/10011255497

How do Parents allocate Time ?

Bloemen, Hans G.; Stancanelli, Elena G.F. - Tinbergen Instituut - 2008

This paper focuses on the time allocation of spouses and the impact of economic variables. We present a stylized model of the time allocation of spouses to illustrate the expected impact of wages and non-labour income. The empirical model simultaneously specifies three time-use choices -paid...

Persistent link: https://www.econbiz.de/10011255837

An Empirical Analysis of the Time Allocation of Italian Couples: Are Italian Men Irresponsive?

Bloemen, Hans G.; Pasqua, Silvia; Stancanelli, Elena G.F. - Tinbergen Instituut - 2008

This paper analyzes the time allocation of Italian spouses to paid work, childcare and household work. The literature suggests that Italian husbands contribute the least to unpaid household work, relative to other European countries, while Italian women have the lowest market employment rates....

Persistent link: https://www.econbiz.de/10011256368

The Compensating Income Variation of Social Capital

Groot, Wim; Brink, Henriëtte Maassen van den; Praag, … - Tinbergen Instituut - 2007

There is a small but growing literature on the determinants of social capital. Most of these studies use a measure of trust to define social capital empirically. In this paper we use three different measures of social capital: the size of the individual’s social network, the extent of their...

Persistent link: https://www.econbiz.de/10011257224

Marriage Markets and Single Motherhood in South Africa

Gustafsson, Siv; Worku, Seble Y. - Tinbergen Instituut - 2006

This paper studies the effects of local marriage markets on South African women’s marital decisions. The analysis is motivated by the low proportion of married among African mothers since 48% are never married. This means that the children of all these never married mothers have no access to...

Persistent link: https://www.econbiz.de/10011257253

Teenage Motherhood and Long-run Outcomes in South Africa

Gustafsson, Siv; Worku, Seble - Tinbergen Instituut - 2007

Teenage motherhood is very high in South Africa. In 2001, 55 per thousand African South African women and 82 per thousand Coloured South African women were teenage mothers as compared to 8 among Indian South Africans and 3 among White South African women. In this paper we use the South African...

Persistent link: https://www.econbiz.de/10011257359

Commuters' Preferences for Fast and Reliable Travel

Koster, Paul; Koster, Hans - Tinbergen Instituut - 2013

We employ a semi-parametric estimation approach to analyse observed and unobserved heterogeneity in the value of … heterogeneity in preferences in a flexible way, meaning that we do not put any structure on how individual characteristics (such as …, we illustrate the estimation approach and find that there is substantial heterogeneity in the value of savings in travel …

Persistent link: https://www.econbiz.de/10011271951

Continuous Beliefs Dynamics

Diks, Cees; Weide, Roy van der - Tinbergen Instituut - 2003

We propose a general framework for studying the evolution ofheterogeneous beliefs in a dynamic feedback setting. Beliefsdistributions are defined on a continuous space representingthe possible strategies agents can choose from. Agents base theirchoices on past performances. As new information...

Persistent link: https://www.econbiz.de/10011249542

On the Effects of Private Information on Volatility

Opschoor, Anne; Wel, Michel van der; Dijk, Dick van; … - Tinbergen Instituut - 2011

We study the impact of private information on volatility in financial markets. We develop a comprehensive framework to investigate this link while controlling for the effects of both public information (such as macroeconomic news releases) and private information on prices and the effects of...

Persistent link: https://www.econbiz.de/10011255523

Heterogeneity as a Natural Source of Randomness

Diks, Cees; Weide, Roy van der - Tinbergen Instituut - 2003

random utility framework, heterogeneity can be seen to act as a 'natural source of randomness'. Allowing for modeling the …

Persistent link: https://www.econbiz.de/10011255553