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In this paper we investigate if there was a causal effect of changes in current and 'permanent' income on the health of East Germans in the years following reunification. Reunification was completely unanticipated and therefore can be seen as a providing some exogenous variation, which resulted...
Persistent link: https://www.econbiz.de/10004971382
Over recent years a number of papers have uses individual or household longitudinal survey data to investigate the rationality of income expectations. In this paper we provide a novel contribution to this literature by examining the ability of individuals to correctly predict their own future...
Persistent link: https://www.econbiz.de/10004977285
When data on actual choices are not available, researchers studying preferences sometimes pose choice scenarios and ask respondents to state the actions they would choose if they were to face these scenarios. The data on stated choices are then used to estimate random utility models, as if they...
Persistent link: https://www.econbiz.de/10005662055
Over the Great Recession real wages stagnated and unemployment increased. Concurrently, food prices rose sharply, outstripping growth in food expenditure, and leading to a reduction in calories purchased. This has led to concern about rising food poverty. We study British households to assess...
Persistent link: https://www.econbiz.de/10011083730
We model a trader’s decision to supply liquidity by submitting limit orders or demand liquidity by submitting market orders in a limit order market. The best quotes and the execution probabilities and picking off risks of limit orders determine the price of immediacy. The price of immediacy...
Persistent link: https://www.econbiz.de/10005136412
This paper examines whether differences in welfare regimes shape the incentives to work and get educated. Using … microeconomic data for more than 100,000 European individuals, the results show that welfare regimes make a difference for wages and … weakest welfare systems, i.e. those with what is known as ‘Residual’ welfare regimes (Greece, Italy, Spain and Portugal …
Persistent link: https://www.econbiz.de/10008854522
Our paper is concerned with the impact of tax reductions on the demand for services in the home. For that purpose, we consider the particular case of the French legislation voted in 1991. This law allows households employing paid help in the home to deduct from their income tax 50% of the sums...
Persistent link: https://www.econbiz.de/10005666573
We present the first empirical estimation of a structural model taking into account explicitly the endogenous buyer power of downstream players facing two part tariffs contracts offered by the upstream level. We consider vertical contracts between manufacturers and retailers where resale price...
Persistent link: https://www.econbiz.de/10008677239
We study the effects of a conditional cash transfers program on school enrollment and performance in Mexico. We provide a theoretical framework for analyzing the dynamic educational process including the endogeneity and uncertainty of performance at school (passing grades) and the effect of a...
Persistent link: https://www.econbiz.de/10005504259
Conventional methods for analysing worker flows often focus on gross flows or transition probabilities. This is not necessarily informative for identifying the scale of labour ‘adjustment’ in an economy in the sense of the expansion and decline of industries. We develop a method that relates...
Persistent link: https://www.econbiz.de/10005504334