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We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment … process on portfolio choice. Our main findings are, first, that in case of short-term unemployment only, social security …
Persistent link: https://www.econbiz.de/10010291783
This paper proposes a method for detecting income classes based on the change-point problem. There is an increasing demand for such a method in the literature. Computation of polarization indices requires a pre-grouping of the incomes. Similarly, indices of social exclusion and sometimes indices...
Persistent link: https://www.econbiz.de/10010272269
This paper investigates the differences between directly and indirectly seasonally adjusted aggregates. This difference is derived analytically for linear seasonal adjustment methods. GDP data for five European countries and three classes of seasonal adjustment methods are used to show...
Persistent link: https://www.econbiz.de/10010260752
Institutional change is guided by rules. In the European Union these rules are given by Art. 250-252 of the Treaty of Amsterdam. These articles define the actors and rules that bring about changes in policies in the European Union. We analyze these articles as games in extensive form and...
Persistent link: https://www.econbiz.de/10010260791