Narrow search
Showing 1 - 10 of 100
Cover Image
The role of friends in the opioid epidemic
Adamopoulou, Effrosyni; Greenwood, Jeremy; Guner, Nezih; … - 2024
The role of friends in the US opioid epidemic is examined. Using data from the National Longitudinal Survey of Adolescent Health (Add Health), adults aged 25-34 and their high school best friends are focused on. An instrumental variable technique is employed to estimate peer effects in opioid...
Persistent link: https://www.econbiz.de/10014468968
Cover Image
Estimation of heterogeneous agent models : a likelihood approach
Parra-Alvarez, Juan Carlos; Posch, Olaf; Wang, Mu-Chun - 2020
We study the statistical properties of heterogeneous agent models. Using aBewley-Hugget-Aiyagari model we compute the density function of wealth and in-come and use it for likelihood inference. We study the finite sample properties of themaximum likelihood estimator (MLE) using Monte Carlo...
Persistent link: https://www.econbiz.de/10012256501
Cover Image
Non-standard errors
Bosch-Rosa, Ciril; Kassner, Bernhard - 2023
In statistics, samples are drawn from a population in a data-generating process (DGP). Standard errors measure the uncertainty in estimates of population parameters. In science, evidence is generated to test hypotheses in an evidence-generating process (EGP). We claim that EGP variation across...
Persistent link: https://www.econbiz.de/10014478337
Cover Image
Consumption Over the Life Cycle: A Selected Literature Review
Kankaanranta, Päivi - 2006
Simple life cycle and permanent income hypotheses imply that changes in consumption should be unforecastable. Rational … forward-looking agents ought to smooth consumption over the life cycle and exhaust the asset stock accumulated during the … review of literature focuses particularly on the life cycle issues of consumption behaviour. …
Persistent link: https://www.econbiz.de/10012502961
Cover Image
Do tax cuts increase consumption? : an experimental test of Ricardian Equivalence
Meissner, Thomas; Rostam-Afschar, Davud - 2014
This paper tests whether the Ricardian Equivalence proposition holds in a life cycle consumption laboratory experiment … not hold in general. Our results suggest that taxation has a significant and strong impact on consumption choice. Over the … life cycle, a tax relief increases consumption on average by about 22% of the tax rebate. A tax increase causes consumption …
Persistent link: https://www.econbiz.de/10010384031
Cover Image
The Advantage of Incumbents in Coalitional Bargaining
Meriläinen, Jaakko; Tukiainen, Janne - 2021
The composition of governing coalitions does not always reflect the relative sizes of the coalition members, but research has not been able to fully reconcile why. We propose that political parties with more (reelected) incumbent representatives fare better in coalitional bargaining. To evaluate...
Persistent link: https://www.econbiz.de/10012503090
Cover Image
Estimating dynamic income responses to tax changes : evidence from Germany
Massarrat-Mashhadi, Nima; Werdt, Clive - 2012
This paper provides new empirical insights on the elasticity of taxable income to the net-oftax rate. Using a panel of German income tax return data, we followed taxpayers from 2001 to 2006 to analyze the effects of the German tax reforms of 2004 and 2005. Implementing a dynamic model as...
Persistent link: https://www.econbiz.de/10009783519
Cover Image
Firms' expectations and price-setting : evidence from micro data
Boneva, Lena; Cloyne, James; Weale, Martin; Wieladek, Tomasz - 2016
In many forward-looking macroeconomic models, such as the New Keynesian model, firms' expectations about the future play a key role in determining outcomes today. We examine this hypothesis using a novel panel dataset on firms actual and expected price changes collected by the Confederation of...
Persistent link: https://www.econbiz.de/10011523616
Cover Image
The elasticity of taxable income for Germany and its sensitivity to the appropriate model
Werdt, Clive - 2015
This paper provides new empirical insights on the elasticity of taxable income for Germany. Using a rich panel of German income tax return data, the tax reforms of 2004 and 2005 are exploited implementing a new dynamic income model. Showing and discussing potential estimation problems of the...
Persistent link: https://www.econbiz.de/10010473165
Cover Image
Labor shortage and innovation
Horbach, Jens; Rammer, Christian - 2020
Skilled labor is a key input to the innovation process. A shortage in supply of skilled labor may hence impede innovation activities, resulting in lower productivity gains. While governments are concerned about these likely negative impacts, there is only limited empirical evidence whether and...
Persistent link: https://www.econbiz.de/10012168132