Showing 1 - 10 of 11
Individual heterogeneity is an important source of variation in demand. Allowing for general heterogeneity is needed for correct welfare comparisons. We consider general heterogenous demand where preferences and linear budget sets are statistically independent. We find that the dimension of...
Persistent link: https://www.econbiz.de/10009773907
Given the key role of the taxable income elasticity in designing an optimal tax system there are many studies attempting to estimate this elasticity. To account for nonlinear taxes these studies either use instrumental variables approaches that are not fully consistent, or impose strong...
Persistent link: https://www.econbiz.de/10010349002
Individual heterogeneity is an important source of variation in demand. Allowing for general heterogeneity is needed for correct welfare comparisons. We consider general heterogenous demand where preferences and linear budget sets are statistically independent. Only the marginal distribution of...
Persistent link: https://www.econbiz.de/10010411294
Often semiparametric estimators are asymptotically equivalent to a sample average. The object being averaged is … function of a semiparametric estimator can be calculated as the limit of the Gateaux derivative of a parameter with respect to …
Persistent link: https://www.econbiz.de/10011304726
Many studies have estimated the effect of taxes on taxable income. To account for nonlinear taxes these studies either use instrumental variables approaches that are not fully consistent or impose strong functional form assumptions. None allow for general heterogeneity in preferences. In this...
Persistent link: https://www.econbiz.de/10010517073
Control variables provide an important means of controlling for endogeneity in econometric models with nonseparable and/or multidimensional heterogeneity. We allow for discrete instruments, giving identi cation results under a variety of restrictions on the way the endogenous variable and the...
Persistent link: https://www.econbiz.de/10011901534
This paper shows how to construct locally robust semiparametric GMM estimators, meaning equivalently moment conditions …
Persistent link: https://www.econbiz.de/10011517194
show that the influence function of a semiparametric estimator is the limit of a Gateaux derivative with respect to a …
Persistent link: https://www.econbiz.de/10011589040
asymptotic theory for LR estimators based on sample splitting. This theory uses the additive decomposition of LR moment …
Persistent link: https://www.econbiz.de/10011824067
The taxable income elasticity is a key parameter for predicting the e?ect of tax reform or designing an income tax. Bunching at kinks and notches in a single budget set have been used to estimate the taxable income elasticity. We show that when the heterogeneity distribution is unrestricted the...
Persistent link: https://www.econbiz.de/10012111429