Showing 1 - 10 of 2,015
? National income accounts do not take into account non-market activities. Some progress has been made in the theory and …
Persistent link: https://www.econbiz.de/10012839360
We propose two novel methods to "bring ABMs to the data". First, we put forward a new Bayesian procedure to estimate the numerical values of ABM parameters that takes into account the time structure of simulated and observed time series. Second, we propose a method to forecast aggregate time...
Persistent link: https://www.econbiz.de/10012860573
This paper introduces two co-movement measures based on the Thick Pen Transform into the macroeconomic literature: the Thick Pen Measure of Association (TPMA) as well as Multi-Thickness Thick Pen Measure of Association (MTTPMA). Both measures are non-parametric, time-varying, and flexible....
Persistent link: https://www.econbiz.de/10014356480
Economists recommend to partly redistribute gains to losers from a structural reform, which in many cases may be required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory transfers can support a Pareto-improving reform. This...
Persistent link: https://www.econbiz.de/10012892197
-spans. We derive the optimal direction of redistribution and show how it is affected by a gender neutrality rule. With singles … concave redistribution may or may not be reversed. With couples only, the ranking of gender retirement ages is always reversed … when the transformation is sufficiently concave. Under gender neutrality pension schemes must be self-selecting. With …
Persistent link: https://www.econbiz.de/10013224069
This study investigates the influence of gender composition on allocation decisions involving a rank … revealed by gender-specific nicknames. We found that female participants are more reluctant to relinquish their current … relative rank when the persons ranked below and above them are of the opposite gender. This tendency was less pronounced in the …
Persistent link: https://www.econbiz.de/10014241313
reveal important insights on individuals acting as firms, they largely ignore individual heterogeneity, such as gender … differences. We experimentally analyze gender differences in prisoner’s dilemmas, where collusive behavior harms a passive third … less inclined to collude than men when collusion harms a third party. No gender difference can be found in the absence of a …
Persistent link: https://www.econbiz.de/10013296722
In response to the Covid-19 pandemic, governments around the world have provided a massive fiscal and monetary stimulus. While this policy is welcome in the short run, it does not address the underlying problem in the medium and long run. The reason is that the pandemic has not given rise to a...
Persistent link: https://www.econbiz.de/10012832196
IMF programs are often considered to carry a “stigma” that triggers adverse market reactions. We show that such a negative IMF effect disappears when accounting for endogenous selection into programs. To proxy for a country's access to financial markets, we use credit ratings and investor...
Persistent link: https://www.econbiz.de/10012920590
at whether diaspora effects are different across education levels and gender. Using new data allowing to include both … influencing the selection in terms skills and in term of gender. We found that network effects vary by education level but not by … gender. Women are also found to be less directly dependent on migration costs unrelated to networks such as distance. …
Persistent link: https://www.econbiz.de/10010270510