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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

The Impact of Mobile Telephone Use on Economic Development of Households in Uganda

Blauw, Sanne Lise; Franses, Philip Hans - Tinbergen Instituut - 2011

We examine the impact of mobile telephone use on economic development of individual households. Unique cross-sectional data were collected in personal interviews with heads of households (N=196) in Uganda. Economic development is measured at the household level by the Progress out of Poverty...

Persistent link: https://www.econbiz.de/10011257255

Are Chinese Individuals prone to Money Illusion?

Mees, Heleen; Franses, Philip Hans - Tinbergen Instituut - 2011

We replicate the landmark study of Shafir, Diamond and Tversky (1997) to examine whether individuals in China are prone to money illusion. We find that money illusion is prevalent in China as well. Respondents in the Chinese sample are often somewhat more likely to base decisions on the real...

Persistent link: https://www.econbiz.de/10011256892

Vector Autoregressions with parsimoniously Time Varying Parameters and an Application to Monetary Policy

Callot, Laurent; Kristensen, Johannes Tang - Tinbergen Instituut - 2014

parameters with the Lasso and the adaptive Lasso. The parsimonious random walk allows the parameters to be modelled non … randomly. We characterize the finite sample properties of the Lasso by deriving upper bounds on the estimation and prediction … probability tending to one. We also provide conditions under which the adaptive Lasso is able to achieve perfectmodel selection …

Persistent link: https://www.econbiz.de/10011271948

Estimation and Forecasting of Large Realized Covariance Matrices and Portfolio Choice

Callot, Laurent; Kock, Anders B.; Medeiros, Marcelo C. - Tinbergen Instituut - 2014

autoregressive models. We propose using Lasso-type estimators to reduce the dimensionality to a manageable one and provide strong …

Persistent link: https://www.econbiz.de/10011256058