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In this paper, we study the statistical properties of heterogeneous agent models with incomplete markets. Using a Bewley-Hugget-Aiyagari model we compute the equilibrium density function of wealth and show how it can be used for likelihood inference. We investigate the identifiability of the...
Persistent link: https://www.econbiz.de/10012853321
Assumptions about explanatory variables and errors are central in regression analysis. For example, the well-known method of ordinary least squares yields consistent and efficient estimators if the underlying error terms are independently, identically, and normally distributed. Additionally, the...
Persistent link: https://www.econbiz.de/10012915193
This article takes issue with a recent book by Ziliak and McCloskey (2008) of the same title. Ziliak and McCloskey argue that statistical significance testing is a barrier rather than a booster for empirical research in many fields and should therefore be abandoned altogether. The present...
Persistent link: https://www.econbiz.de/10013135915
tenured economists at 25 U.S. departments. Variants of Hirsch's index that emphasize smaller numbers of highly-cited papers … perform better than Hirsch's original index and have substantial power to explain which economists are tenured at which …
Persistent link: https://www.econbiz.de/10013137445
This articles investigates the recent trends in co-authorship in economics. Using data from more than 700.000 journal articles we show that the average number of authors per article has increased over the last years. This process is likely to be continued in the future. In a regression analysis...
Persistent link: https://www.econbiz.de/10013014982
database in economic sciences containing 33 different indicators for more than 30,000 economists. Based on this bibliographic … overall ranking of economists based on RePEc data …
Persistent link: https://www.econbiz.de/10013112601
academic economists, we first show that research productivity crucially depends on career age and vintage. Based on the …
Persistent link: https://www.econbiz.de/10012780463
We examine the research productivity of German academic economists over their life cycles. It turns out that the career … life-cycles of younger German economists are hump-shaped and closely resemble the life cycles identified for U ….S. economists, whereas the life-cycles of older German economists are much flatter. Finally, we find that not only productivity, but …
Persistent link: https://www.econbiz.de/10012766974
Economists, and also economic research institutes, differ in their attitudes towards desirability of economic policies …
Persistent link: https://www.econbiz.de/10013020572
We study the importance of economists' professional situation toward their life satisfaction based on a unique survey … of mostly academic economists. On average, economists report to be highly happy with life. Satisfaction is positively … pressure in recent years is positively related to economists' life satisfaction. An explanation is that economists have …
Persistent link: https://www.econbiz.de/10013040007