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GEE Estimation of a Two-Equation Panel Data Model: An Analysis of Wage Dynamics and the Incidence of Profit-Sharing in West Germany

Pannenberg, Markus; Spiess, Martin - 2007

We propose a generalized estimating equations approach to the analysis of the mean and the covariance structure of a bivariate time series process of panel data with mixed continuous and discrete dependent variables. The approach is used to jointly analyze wage dynamics and the incidence of...

Persistent link: https://www.econbiz.de/10010260895

Empirical welfare analysis in random utility models of labour supply

Decoster, André; Haan, Peter - 2010

The aim of this paper is to apply recently proposed individual welfare measures in the context of random utility models of labour supply. Contrary to the standard practice of using reference preferences and wages, these measures preserve preference heterogeneity in the normative step of the...

Persistent link: https://www.econbiz.de/10010285751

Ersparnis und Versorgungsaufwendungen nach Haushaltsgruppen

Bedau, Klaus-Dietrich - 1999

Sparquote zu. Außerdem beeinflußt die Art der sozialen Sicherung die Höhe der Sparquote. Selbständigen-Haushalte sparen einen … Abschluß von Lebensversicherungen treffen. (Nichtbeamtete) Arbeitnehmer dagegen sparen einen Teil ihres Einkommens nicht … - nämlich die für die Alterssicherung geleisteten Sozialversicherungsbeiträge und die Prämien für Lebensversicherungen - zu …

Persistent link: https://www.econbiz.de/10010260715

Differential income taxation and household asset allocation

Ochmann, Richard - 2010

This paper empirically investigates the effects of differential income taxation on households' portfolio choice and asset allocation applying a two-stage budgeting model of asset demand to German survey data. The model is structured into the discrete asset choice and the continuous asset choice,...

Persistent link: https://www.econbiz.de/10010285730

Profitability of pension contributions: Evidence from real-life employment biographies

Schröder, Carsten - 2010

partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …

Persistent link: https://www.econbiz.de/10010285772

Precautionary and entrepreneurial saving: new evidence from German households

Fossen, Frank M.; Rostam-Afschar, Davud - 2009

The well-documented positive correlation between income risk and wealth was interpreted as evidence for high amounts of precautionary wealth in various studies. However, the large estimates emerged from pooling non-entrepreneurs and entrepreneurs without controlling for heterogeneity. This paper...

Persistent link: https://www.econbiz.de/10010271125

Household savings decision and income uncertainty

Beznoska, Martin; Ochmann, Richard - 2010

uncertainty on households' consumption-savings decision. Applying a structural demand model to German survey data, we estimate the … uncompensated interest rate elasticity for savings, in line with the literature, to around zero. Accordingly, any policy …-induced variation of net returns to savings is expected to have no significant effects on the level of savings. Moreover, we find …

Persistent link: https://www.econbiz.de/10010285757

Testing for convergence in stock markets: a non-linear factor approach

Caporale, Guglielmo Maria; Erdogan, Burcu; Kuzin, … - 2009

This paper applies the Phillips and Sul (2007) method to test for convergence in stock returns to an extensive dataset including monthly stock price indices for five EU countries (Germany, France, the Netherlands, Ireland and the UK) as well as the US over the period 1973-2008. We carry out the...

Persistent link: https://www.econbiz.de/10010274513

Preferences for childcare policies: theory and evidence

Borck, Rainald; Wrohlich, Katharina - 2008

We analyse preferences for public, private or mixed provision of childcare theoretically and empirically. We model childcare as a publicly provided private good. Richer households should prefer private provision to either pure public or mixed provision. If public provision redistributes from...

Persistent link: https://www.econbiz.de/10010265034

O Brother, Where Art Thou? The Effects of Having a Sibling on Geographic Mobility and Labor Market Outcomes

Rainer, Helmut; Siedler, Thomas - 2006

In most industrialized countries, more people than ever are having to cope with the burden of caring for elderly parents. This paper formulates a model to explain how parental care responsibilities and family structure interact in affecting children?s mobility characteristics. A key insight we...

Persistent link: https://www.econbiz.de/10010260973