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Using three years of data from the 47 prefectures of Japan, we estimate behavior of households who simultaneously make discrete decisions about vehicle ownership and continuous decisions about driving distance. We use the estimated parameters to calculate elasticities and to simulate the effects...
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This paper uses an estimated demand system that accounts for heterogeneity to calculate and compare the lost consumer surplus from a higher tax on gasoline, a tax on distance, or a subsidy for buying a newer car. We introduce a view of cost-effectiveness that compares policies instead of...
Persistent link: https://www.econbiz.de/10012467511
This paper investigates to what extent and through which channels that health and educational attainment are interdependent. A dynamic model of schooling, work, health expenditure, and savings is developed. The structural framework explicitly models two existing hypotheses on the correlation...
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China's fast economic growth over the past 40 years has been accompanied by an increasingly rapid rate of urbanization … generally believed to be a dominant driving force. Motivated by a recent finding of a high housing vacancy rate in urban China … important factor for the oversupply of residential housing units in China …
Persistent link: https://www.econbiz.de/10012480529
major health shocks on household income and the role played by village elections in mitigating these effects. Our results … show that in the first 15 years after a shock, a shock-hit household on average falls short of its normal income trajectory …. In addition, village elections reduce the probability of a household to borrow by 16.7% when one of its working adults is …
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