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Persistent link: https://www.econbiz.de/10012604606
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...
Persistent link: https://www.econbiz.de/10012458334
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...
Persistent link: https://www.econbiz.de/10012465827
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
A test of adverse events and strategic timing theories can be conducted by determining whether some relevant financial decision variables, such as financial benefit from filing for bankruptcy, or debt discharged in bankruptcy are endogenous with the bankruptcy decision or not. For the strategic...
Persistent link: https://www.econbiz.de/10012466908
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This paper uses the 2008 Wenchuan earthquake in China as a natural experiment to examine how the housing market reacted …
Persistent link: https://www.econbiz.de/10012459148
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 …
Persistent link: https://www.econbiz.de/10012465975