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Entrepreneurial Moral Hazard in Income Insurance

Ejrnaes, Mette; Hochguertel, Stefan - Tinbergen Instituut - 2008

We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....

Persistent link: https://www.econbiz.de/10011256235

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

Alessie, Rob; Hochguertel, Stefan; Soest, Arthur van - Tinbergen Instituut - 2001

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 planare tax-deductible, and the returns as well as the withdrawals are...

Persistent link: https://www.econbiz.de/10011257210

Retirement Choices in Italy: What an Option Value Model tells us

Belloni, Michele; Alessie, Rob - Tinbergen Instituut - 2010

Using Italian data, we estimate an option value model to quantify the effectof financial incentives on retirement choices. As far as we know, this isthe first empirical study to estimate the conditional multiple-years modelput forward by Stock and Wise (1990). This implies that we account...

Persistent link: https://www.econbiz.de/10011257328

Statistical Modelling of Extreme Rainfall in Taiwan

Chu, Lan-Fen; McAleer, Michael; Chang, Ching-Chung - Tinbergen Instituut - 2013

In this paper, the annual maximum daily rainfall data from 1961 to 2010 are modelled for 18 stations in Taiwan. We fit … the rainfall data with stationary and non-stationary generalized extreme value distributions (GEV), and estimate their … distribution is formulated as linear and quadratic functions of time to detect temporal trends in the maximum rainfall. Future …

Persistent link: https://www.econbiz.de/10011255813

Statistical Modelling of Recent Changes in Extreme Rainfall in Taiwan

Chu, Lan-Fen; McAleer, Michael; Wang, Szu-Hua - Tinbergen Instituut - 2012

This paper has two primary purposes. First, we fit the annual maximum daily rainfall data for 6 rainfall stations, both … Taiwan, and detect the changes between the two phases for extreme rainfall. The non-stationary model means that the location … parameter in the GEV distribution is a linear function of time to detect temporal trends in maximum rainfall. Second, we compute …

Persistent link: https://www.econbiz.de/10011256727

Shallow Lake Economics Run Deep: Nonlinear Aspects of an Economic-Ecological Interest Conflict

Wagener, F.O.O. - Tinbergen Instituut - 2009

Outcomes of the shallow lake interest conflict are presented in a number of different contexts: quasi-static and dynamic social planning, and quasi-static one-shot and repeated non-cooperative play. As the underlying dynamics are non-convex, the analysis uses geometrical-numerical methods: the...

Persistent link: https://www.econbiz.de/10011257083

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

Mixed Density based Copula Likelihood

Azam, Kazim; Lucas, Andre - Tinbergen Instituut - 2015

We consider a new copula method for mixed marginals of discrete and continuous random variables. Unlike the Bayesian methods in the literature, we use maximum likelihood estimation based on closed-form copula functions. We show with a simulation that our methodology performs similar to the...

Persistent link: https://www.econbiz.de/10011255720

d'Uva, Teresa Bago; Lindeboom, Maarten; O'Donnell, Owen; … - Tinbergen Instituut - 2010

This discussion paper resulted in a publication in the 'Journal of the Royal Statistical Society', Series A, 2011, 174, 639–664.<P> Reliance on self-rated health to proxy medical need can bias estimation of education-related inequity in health care utilisation. We correct this bias both by...</p>

Persistent link: https://www.econbiz.de/10011256136

Slipping Anchor? Testing the Vignettes Approach to Identification and Correction of Reporting Heterogeneity

d'Uva, Teresa Bago; Lindeboom, Maarten; O'Donnell, Owen; … - Tinbergen Instituut - 2009

This discussion paper led to a publication in <A href="http://jhr.uwpress.org/content/46/4/875.short">'The Journal of Human Resources'</A>.<p>Anchoring vignettes are increasingly used to identify and correct heterogeneity in the reporting of health, work disability, life satisfaction, political efficacy, etc. with the aim of improving interpersonal...</p></a>

Persistent link: https://www.econbiz.de/10011256357