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Estimating Individual Ambiguity Aversion : A Simple Approach
Gneezy, Uri; Imas, Alex; List, John A. - 2021
as the importance of joint estimation. In addition, over our stakes levels we find no difference in the estimated …
Persistent link: https://www.econbiz.de/10013315553
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A Rise By Any Other Name? Sensitivity of Growth Regressions to Data Source
Hanousek, Jan - 2008
Measured rates of growth in real per capita income differ drastically depending on the data source. This phenomenon occurs largely because data sets differ in whether and how they adjust for changes in relative prices across countries. Replication of several recent studies of growth determinants...
Persistent link: https://www.econbiz.de/10012773476
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Measurement Error in Education and Growth Regressions
Portela, Miguel - 2008
The perpetual inventory method used for the construction of education data per country leads to systematic measurement … error. This paper analyses the effect of this measurement error on GDP regressions. There is a systematic difference in the … the measurement error. The standard attenuation bias suggests that using these corrected data would lead to a higher …
Persistent link: https://www.econbiz.de/10012774497
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Measuring Time and Risk Preferences : Reliability, Stability, Domain Specificity
Woelbert, Eva - 2013
To accurately predict behavior economists need reliable measures of individual time preferences and attitudes toward risk and typically need to assume stability of these characteristics over time and across decision domains. We test the reliability of two choice tasks for eliciting discount...
Persistent link: https://www.econbiz.de/10013078528
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A Tale of Two Debt Crises : A Stochastic Optimal Control Analysis
Stein, Jerome L. - 2021
Banks should evaluate whether a borrower is likely to default. I apply several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset and liabilities sides. The...
Persistent link: https://www.econbiz.de/10013316580
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International Income Inequality : Measuring PPP Bias by Estimating Engel Curves for Food
Almås, Ingvild - 2010
Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is substantial and systematic: the poorer a country, the more its...
Persistent link: https://www.econbiz.de/10013135914
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Ethnic Geography : Measurement and Evidence
Hodler, Roland - 2018
The effects of ethnic geography, i.e., the distribution of ethnic groups across space, on economic, political and social outcomes are not well understood. We develop a novel index of ethnic segregation that takes both ethnic and spatial distances between individuals into account. Importantly, we...
Persistent link: https://www.econbiz.de/10012930690
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How Productive is Public Capital? A Meta-Analysis
Bom, Pedro; Ligthart, Jenny E. - 2021
explained by study design parameters, such as econometric specification, estimation technique, empirical model, type of public …
Persistent link: https://www.econbiz.de/10013316601
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Limited Liability, Asymmetric Taxation, and Risk Taking - Why Partial Tax Neutralities Can Be Harmful
Ewert, Ralf - 2011
We examine the combined effects of asymmetric taxation and limited liability on optimal risk taking of investors. Given an optimal risk level in the pre-tax case under full liability, loss-offset restrictions reduce, and limited liability enhances the incentives for taking risk. For every degree...
Persistent link: https://www.econbiz.de/10013131353
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The Standard Deviation of Life-Length, Retirement Incentives, and Optimal Pension Design
Aronsson, Thomas - 2010
In this paper, we consider how the retirement age as well as a tax financed pension system ought to respond to a change in the standard deviation of the length of life. In a first best framework, where a benevolent government exercises perfect control over the individuals' labor supply and...
Persistent link: https://www.econbiz.de/10013137106