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We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is modelled as a lottery between a decrease and...
Persistent link: https://www.econbiz.de/10011256227
probabilities that are less accurate in predicting their in-sample mortality. There is little evidence that the gradients in the … veracity of expectations are due to the less educated and cognitively able responding less to changes in objective mortality …
Persistent link: https://www.econbiz.de/10011275101
This paper identifies and estimates the impact of early retirement on the probability to die within five years, using administrative micro panel data covering the entire population of the Netherlands. Among the older workers we focus on, a group of civil servants became eligible for retirement...
Persistent link: https://www.econbiz.de/10011255573
and mortality. A €1,000 reduction in annual benefits leads to a rise of 4.2 percentage points in the probability of being … the hospitalization of men subject to stricter rules but their mortality rate is reduced by 1.2 percentage points. The …
Persistent link: https://www.econbiz.de/10011255744
time preference are not considered simultaneously. We correct for differential mortality risk, risk aversion and …
Persistent link: https://www.econbiz.de/10011255821
We apply the theory of inequality in opportunity to measure inequity in mortality. Ourempirical work is based on a rich … dataset for the Netherlands (1998-2007), linking informationabout mortality, health events and lifestyles. We show that … distinguishing between differentchannels via which mortality is affected is necessary to test the sensitivity of the results …
Persistent link: https://www.econbiz.de/10011256310
and the mortalitydata. The second section discusses the variation of mortality rateswith age in the population and in the …
Persistent link: https://www.econbiz.de/10011256413
We aim to disentangle the relative contributions of (i) cognitive ability, and (ii) education on health and mortality … measures of cognitive ability and family background at age 12. The data are subsequently linked to the mortality register 1995 …-2011, such that we observe mortality between ages 55 and 75. The results suggest that the treatment effect of education(i.e. the …
Persistent link: https://www.econbiz.de/10011257088
studies we find that among theearly variables recorded at age 12 the only significant determinantof adult mortality is …
Persistent link: https://www.econbiz.de/10011257283
to linked data from health surveys, tax files and the mortality register to estimate the causal effect of education on … mortality. The reform provides a powerful instrument, significantly raising years of schooling, which, in turn, has a large and … significant effect on mortality even in old age. An extra year of schooling is estimated to reduce the probability of dying …
Persistent link: https://www.econbiz.de/10011257363