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Structural Labour Supply Models and Microsimulation

Aaberge, Rolf; Colombino, Ugo - 2018

The purpose of the paper is to provide a discussion of the various approaches for accounting for labour supply responses in microsimulation models. The paper focus attention on two methodologies for modelling labour supply: 1) The discrete choice model. 2) The random utility – random...

Persistent link: https://www.econbiz.de/10011968647

Evaluating Alternative Basic Income Mechanisms. A Simulation for European Countries

Colombino, Ugo - 2009

We develop and estimate a microeconometric model of household labour supply in five European countries representative of different economies and welfare policy regimes: Denmark, Italy, Norway, Portugal and United Kingdom. We then simulate, under the constraint of constant total net tax revenue,...

Persistent link: https://www.econbiz.de/10011968348

Theoretical and practical arguments for modeling labor supply as a choice among latent jobs

Dagsvik, John K.; Jia, Zhiyang; Kornstad, Tom; … - 2012

Models of labor supply derived from stochastic utility representations and discretized sets of feasible hours of work have gained popularity because they are more practical than standard approaches based on marginal calculus. In this paper we argue that practicality is not the only feature that...

Persistent link: https://www.econbiz.de/10011968462

Operationalising the Capability Approach: A German Correlation Sensitive Poverty Index

Rippin, Nicole - 2012

The official measure to analyse poverty in Germany is the at-risk-of-poverty rate, defined as 60 per cent of the median net equivalence income. The severe methodological weaknesses of this rate seem to be the main source for the uncertainty that the issue of poverty in Germany generates in the...

Persistent link: https://www.econbiz.de/10010329939

Distributional Justice and Efficiency: Integrating Inequality Within and Between Dimensions in Additive Poverty Indices

Rippin, Nicole - 2012

According to Sen (1976), any reasonable poverty index ought to be sensitive to inequality. In a multidimensional framework, inequality between poverty dimensions is traditionally treated as association sensitivity. Such an approach, however, is based exclusively on efficiency considerations,...

Persistent link: https://www.econbiz.de/10010329953

A topological view on the identification of structural vector autoregressions

Neusser, Klaus - 2016

The notion of the group of orthogonal matrices acting on the set of all feasible identification schemes is used to … characterize the identification problem arising in structural vector autoregressions. This approach presents several conceptual … uninformative prior. Second, it allows to derive the joint distribution of blocks of parameters defining an identification scheme …

Persistent link: https://www.econbiz.de/10011583290

Labor supply as a discrete choice among latent jobs: Unobserved heterogeneity and identification

Dagsvik, John K.; Jia, Zhiyang - 2014

-specific hours and wage of the chosen job. The main contribution of this paper is an analysis of the identification problem of this …

Persistent link: https://www.econbiz.de/10011968556

Identification, Estimation and Testing in Panel Data Models with Attrition: The Role of the Missing at Random Assumption

Raknerud, Arvid - 2002

This paper discusses identification, estimation and testing in panel data models with attrition. We focus on a … establishes conditions for identification and consistent estimation based on the pseudo likelihood function. It is also shown that …

Persistent link: https://www.econbiz.de/10011968100

Classical identification: A viable road for data to inform structural modeling

Hammersland, Roger - 2008

superfluous information as auxiliary tools of exact identification. To illustrate the procedure and to study the simultaneous …

Persistent link: https://www.econbiz.de/10011968332

The Financial Accelerator: Evidence using a procedure of Structural Model Design

Hammersland, Roger; Jacobsen, Dag Henning - 2008

We find empirical evidence of a financial accelerator using a data based procedure of Structural Model Design. Credit to firms, asset prices and aggregate economic activity interact over the business cycle in our empirical model of a dynamic economy. Furthermore, the interdependence between...

Persistent link: https://www.econbiz.de/10011968339