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Unobservable, but unimportant? : the influence of personality traits (and other usually unobserved variables) for the evaluation of labor market policies

Caliendo, Marco; Mahlstedt, Robert; Mitnik, Oscar A. - 2014

Many commonly used treatment effects estimators rely on the unconfoundedness assumption ("selection on observables … selection bias. This is especially relevant in light of the research on the influence of personality traits and attitudes on … play a significant role for selection into treatment and labor market outcomes, but do not make for the most part a …

Persistent link: https://www.econbiz.de/10010400598

Policy evaluation of waste pricing programs using heterogeneous causal effect estimation

Valente, Marica - 2021

Using machine learning methods in a quasi-experimental setting, I study the heterogeneous effects of introducing waste prices - unit prices on household unsorted waste disposal - on waste demands and social welfare. First, using a unique panel of Italian municipalities with large variation in...

Persistent link: https://www.econbiz.de/10012671782

The effects of pricing waste generation : a synthetic control approach

Bueno, Matheus; Valente, Marica - 2018

To internalize pollution externalities into household waste generation, Unit Pricing Systems (UPS) have been adopted worldwide. This paper evaluates the causal effects of a UPS on the disposal of municipal solid waste in Trento, Italy. To account for policy endogeneity due to unobservables, we...

Persistent link: https://www.econbiz.de/10011847939

The role of sickness in the evaluation of job search assistance and sanctions

Berg, Gerard J. van den; Hofmann, Barbara; Uhlendorff, Arne - 2016

Unemployment insurance agencies may combat moral hazard by punishing refusals to apply to assigned vacancies. However … estimate multi-spell duration models with selection on unobserved characteristics. We find that a vacancy referral increases …

Persistent link: https://www.econbiz.de/10011414725

Environmental damage and price taking behaviour by firms and consumers

Houba, Harold; Kremers, Hans - 2009

Integrated assessment models lack a microeconomic foundation in modelling environmental damages to the economy. To overcome this, damage coefficients are incorporated in standard microeconomic models. Firms and consumers take both damages and prices as given. Demand, supply, profit and...

Persistent link: https://www.econbiz.de/10003832579

Are stock and housing returns complements or substitutes? : evidence from OECD countries

Caporale, Guglielmo Maria; Souza, Ricardo M. - 2011

In this paper we use a representative consumer model to analyse the equilibrium relation between the transitory deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for both stock returns and housing returns. The evidence...

Persistent link: https://www.econbiz.de/10009579643

Confronting the representative consumer with household-size heterogeneity

Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - 2010

Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...

Persistent link: https://www.econbiz.de/10009262082

Does the behaviour of myopic addicts support the rational addiction model? : a simulation

Frank, Björn - 2002

Becker and Murphy (1988) constructed, in a well-known paper, a model of rational addiction in which people solve a dynamic optimization problem, choose an optimal timepath of drug consumption and thereby maximize lifetime utility. The model leads to the hypothesis that future consumption is a...

Persistent link: https://www.econbiz.de/10011436465

The cross-section of output and inflation in a dynamic stochastic general equilibrium model with sticky prices

Döpke, Jörg; Funke, Michael; Holly, Sean; Weber, Sebastian - 2009

In a standard dynamic stochastic general equilibrium framework, with sticky prices, the cross sectional distribution of output and inflation across a population of firms is studied. The only form of heterogeneity is confined to the probability that the ith changes its prices in response to a...

Persistent link: https://www.econbiz.de/10003844356

Sin taxes and self-control

Schmacker, Renke; Smed, Sinne - 2020

"Sin taxes" are high on the political agenda in the global fight against obesity. According to theory, they are welfare improving if consumers with low self-control are at least as price responsive as consumers with high self-control, even in the absence of externalities. In this paper, we...

Persistent link: https://www.econbiz.de/10012242675