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Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental...
Persistent link: https://www.econbiz.de/10011380037
The validity of family background variables instrumenting education in income regressions has been much criticized. In this paper, we use data of the 2004 German Socio-Economic Panel and Bayesian analysis in order to analyze to what degree violations of the strong validity assumption affect the...
Persistent link: https://www.econbiz.de/10011381026
To assess the impact of tax-benefit policy changes on income distribution over time, we suggest a methodology based on counterfactual simulations. We start by decomposing changes in inequality/poverty indices into three contributions: reforms of the tax-benefit structure (rules, rates, etc.),...
Persistent link: https://www.econbiz.de/10010268220
mortality reductions. Using data from 19 compulsory schooling reforms implemented in Europe during the twentieth century, we …
Persistent link: https://www.econbiz.de/10010282359
Europe. …
Persistent link: https://www.econbiz.de/10010287662
This paper features an analysis of the effectiveness of a range of portfolio diversi cation strategies, with a focus on down-side risk metrics, as a portfolio diversification strategy in a European market context. We apply these measures to a set of daily arithmetically compounded returns on a...
Persistent link: https://www.econbiz.de/10011376286
Europe aims at combining income growth with improvements in social cohesion as measured by income and health … growth and the income responsiveness of health. We investigate whether these conditions held in Europe in the nineties using ….Keywords:income inequality, health inequality, income elasticity of health, Europe. …
Persistent link: https://www.econbiz.de/10011350378
This paper provides an introduction and overview of my research on the Economics of Language. The approach is that language skills among immigrants and native-born linguistic minorities are a form of human capital. There are costs and benefits associated with this characteristic embodied in the...
Persistent link: https://www.econbiz.de/10010268618