Showing 1 - 9 of 9
Regression, matching, control function and instrumental variables methods for recovering the impact of education on … find an average return of 27% for those completing higher education versus anything less. Compared to stopping at 16 … without qualifications, we find an average return to O-levels of 18%, to A-levels of 24% and to higher education of 48%. …
Persistent link: https://www.econbiz.de/10010292932
This paper develops a new method for estimating the demand function for gasoline and the deadweight loss due to an increase in the gasoline tax. The method is also applicable to other goods. The method uses shape restrictions derived from economic theory to improve the precision of a...
Persistent link: https://www.econbiz.de/10003838977
; Nonparametric Estimation ; Gasoline Demand ; Deadweight Loss …
Persistent link: https://www.econbiz.de/10009230288
We develop a new quantile-based panel data framework to study the nature of income persistence and the transmission of income shocks to consumption. Log-earnings are the sum of a general Markovian persistent component and a transitory innovation. The persistence of past shocks to earnings is...
Persistent link: https://www.econbiz.de/10011326266
Persistent link: https://www.econbiz.de/10001835887
show the importance of such measurement errors for the estimation of demand in a setting with nonseparable unobserved …
Persistent link: https://www.econbiz.de/10011935703
, Blundell and Bonhomme (2017). Our focus is on the estimation of consumption responses to persistent nonlinear income shocks in …
Persistent link: https://www.econbiz.de/10014248416
This paper describes the transmission of income inequality into consumption inequality and in so doing investigates the degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX cross-sections and distinguishes between permanent...
Persistent link: https://www.econbiz.de/10010292960
assumptions we find convincing evidence of an increase in inequality within education groups, changes in the return to education …
Persistent link: https://www.econbiz.de/10010293071