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The Causal Effect of Retirement on Mortality - Evidence from Targeted Incentives to retire early

Bloemen, Hans; Hochguertel, Stefan; Zweerink, Jochem - Tinbergen Instituut - 2013

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

Joint Retirement of Couples: Evidence from a Natural Experiment

Bloemen, Hans; Hochguertel, Stefan; Zweerink, Jochem - Tinbergen Instituut - 2015

We estimate and explain the impact of early retirement of husbands on their wives’ probability to retire within one year, using administrative micro panel data that cover the whole Dutch population. We employ an instrumental variable approach in which the retirement choice of husbands is...

Persistent link: https://www.econbiz.de/10011256670

Health, Financial Incentives and Retirement in Spain

Erdogan-Ciftci, Esen; Doorslaer, Eddy Van; … - Tinbergen Instituut - 2008

We estimate the impact of health and financial incentives on the retirement transitions of older workers in Spain …. Individual measures of pension wealth, peak and accrual values are constructed using labor market histories and health shocks are … derived as changes in a composite health stock measure over time. We examine labour market exits into both old age retirement …

Persistent link: https://www.econbiz.de/10011255520

Effects of Health on Own and Spousal Employment and Income using Acute Hospital Admissions

Garcia-Gomez, Pilar; Kippersluis, Hans van; O'Donnell, Owen - Tinbergen Instituut - 2011

Ill-health can be expected to reduce employment and income. But are the effects sustained over time? Do they differ …, on employment and income up to six years after the health shock using linked Dutch hospital and tax register data. On … either employment or income. The distribution of ill-health contributes to income inequality: a health shock is both more …

Persistent link: https://www.econbiz.de/10011255984

Does it pay to invest in Art? A Selection-corrected Returns Perspective

Korteweg, Arthur; Kräussl, Roman; Verwijmeren, Patrick - Tinbergen Instituut - 2013

This paper shows the importance of correcting for sample selection when investing in illiquid assets with endogenous trading. Using a large sample of 20,538 paintings that were sold repeatedly at auction between 1972 and 2010, we find that paintings with higher price appreciation are more likely...

Persistent link: https://www.econbiz.de/10011256292

On Distributions of Ratios

Broda, Simon A.; Kan, Raymond - Tinbergen Instituut - 2014

A large number of exact inferential procedures in statistics and econometrics involve the sampling distribution of ratios of random variables. If the denominator variable is positive, then tail probabilities of the ratio can be expressed as those of a suitably defined difference of random...

Persistent link: https://www.econbiz.de/10011255898

Bayesian Analysis of Instrumental Variable Models: Acceptance-Rejection within Direct Monte Carlo

Zellner, Arnold; Ando, Tomohiro; Basturk, Nalan; … - Tinbergen Instituut - 2012

This discussion paper resulted in a publication in Econometric Reviews. Vol. 33(1-4), 3-35. We discuss Bayesian inferential procedures within the family of instrumental variables regression models and focus on two issues: existence conditions for posterior moments of the parameters of interest...

Persistent link: https://www.econbiz.de/10011256253

Identifying the Weights in Exchange Market Pressure

Klaassen, Franc - Tinbergen Instituut - 2011

Exchange market pressure (EMP) measures the pressure on a currency to depreciate. It adds to the actual depreciation a weighted combination of policy instruments used to ward off depreciation, such as interest rates and foreign exchange interventions, where the weights are their effectiveness....

Persistent link: https://www.econbiz.de/10011256391

Sharp Threshold Detection based on Sup-Norm Error Rates in High-dimensional Models

Callot, Laurent; Caner, Mehmet; Kock, Anders Bredahl; … - Tinbergen Instituut - 2015

We propose a new estimator, the thresholded scaled Lasso, in high dimensional threshold regressions. First, we establish an upper bound on the ℓ∞ estimation error of the scaled Lasso estimator of Lee et al. (2012). This is a non-trivial task as the literature on high-dimensional models has...

Persistent link: https://www.econbiz.de/10011256756

Identification and Inference in a Simultaneous Equation under Alternative Information Sets and Sampling Schemes

Kiviet, Jan F. - Tinbergen Instituut - 2012

In simple static linear simultaneous equation models the empirical distributions of IV and OLS are examined under alternative sampling schemes and compared with their first-order asymptotic approximations. We demonstrate that the limiting distribution of consistent IV is not affected by...

Persistent link: https://www.econbiz.de/10011256767