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Disability and Work: the Role of Health Shocks and Childhood Circumstances

Lindeboom, Maarten; Nozal, Ana Llena; Klaauw, Bas van der - Tinbergen Instituut - 2006

This paper focuses on the relation between the onset of disability and employment outcomes. We develop an event history model that includes unscheduled hospitalizations as a measure for unanticipated health shocks and estimate the model on data from the British National Child Development Study...

Persistent link: https://www.econbiz.de/10011256613

Long Run Returns to Education: Does Schooling Lead to an Extended Old Age?

Kippersluis, Hans van; O'Donnell, Owen; Doorslaer, Eddy van - Tinbergen Instituut

This discussion paper led to an article in the Journal of Human Resources (2011). Volume 46(4), pages 695-721. While there is no doubt that health is strongly correlated with education, whether schooling exerts a causal impact on health is not yet firmly established. We exploit Dutch compulsory...

Persistent link: https://www.econbiz.de/10011257363

Multiple Causation and the Measurement of Unemployment

Rodenburg, Peter - Tinbergen Instituut - 2004

The establishment of appropriate policy measures for fighting unemployment has always been difficult since causes of unemployment are hard to identify. This paper analyses an approach used mainly in the 1960s and 1970s in economics, in which classification is used as a way to deal with such a...

Persistent link: https://www.econbiz.de/10011257466

Generalized Reduced Rank Tests using the Singular Value Decomposition

Kleibergen, Frank; Paap, Richard - Tinbergen Instituut - 2003

.F.R. Science Economique, University de Franche-Comté]. In the non-stationary cointegration case, the limiting distribution of the …

Persistent link: https://www.econbiz.de/10011249543

Bayesian Averaging over Many Dynamic Model Structures with Evidence on the Great Ratios and Liquidity Trap Risk

Strachan, Rodney W.; Dijk, Herman K. van - Tinbergen Instituut - 2008

A Bayesian model averaging procedure is presented that makes use of a finite mixture of many model structures within the class of vector autoregressive (VAR) processes. It is applied to two empirical issues. First, stability of the Great Ratios in U.S. macro-economic time series is investigated,...

Persistent link: https://www.econbiz.de/10011255775

Evidence on Features of a DSGE Business Cycle Model from Bayesian Model Averaging

Strachan, Rodney; Dijk, Herman K. van - Tinbergen Instituut - 2012

This discussion paper resulted in a publication in 'The International Economic Review', 2013, 54(1), 385-402. The empirical support for features of a Dynamic Stochastic General Equilibrium model with two technology shocks is valuated using Bayesian model averaging over vector autoregressions....

Persistent link: https://www.econbiz.de/10011255853

Bayes Estimates of Markov Trends in possibly Cointegrated Series: An Application to US Consumption and Income

Paap, Richard; Dijk, Herman K. van - Tinbergen Instituut - 1999

cointegration analysis between the variables, toexamine the permanent income hypothesis, may not be valid. To model thechanging … that there exist a cointegration relation between US percapita disposable income and consumption, after correction for …

Persistent link: https://www.econbiz.de/10011256000

Evidence on a Real Business Cycle Model with Neutral and Investment-Specific Technology Shocks using Bayesian Model Averaging

Strachan, Rodney W.; Dijk, Herman K. van - Tinbergen Instituut - 2010

) processes. The linear VAR model is extendedto permit cointegration, a range of deterministic processes, equilibrium restrictions …

Persistent link: https://www.econbiz.de/10011256713

Modelling Tourism Development and Long-run Economic Growth in Aruba

Ridderstaat, Jorge; Croes, Robertico; Nijkamp, Peter - Tinbergen Instituut - 2013

development (TD) and economic growth in Aruba?; and (2) if so, what is the causality direction between TD and economic growth …? This exercise involves applying an econometric methodology consisting of unit root testing, cointegration analysis, vector … error correction modeling (VECM), and Granger causality testing. The results show there is one cointegrating relation …

Persistent link: https://www.econbiz.de/10011256765

Measures of Contributions to Price Discovery: A Comparison

Jong, Frank de - Tinbergen Instituut - 2001

This note clarifies the relation between two competing definitions of the contribution to pricediscovery in market microstructure models: (i) the information share and (ii) the common factorcomponent weight. It is demonstrated that the two measures are closely related, but that only...

Persistent link: https://www.econbiz.de/10011257344