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Idiosyncratic labour income risk and aggregate consumption : an unobserved component approach
Pozzi, Lorenzo - 2007
We investigate the importance of aggregate and consumer-specific or idiosyncratic labour income risk for aggregate consumption changes in the US over the period 1952-2001. Theoretically, the effect of labour income risk on consumption changes is decomposed into an aggregate and into an...
Persistent link: https://www.econbiz.de/10011372981
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Advance information and consumption insurance : evidence from panel data
Pedroni, Marcelo; Singh, Swapnil; Stoltenberg, Christian - 2022 - Preliminary, April 15, 2022
incomplete markets model and find that advance information reduces households' income forecast errors by 15%. Our estimation …
Persistent link: https://www.econbiz.de/10013186823
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Idiosyncratic labour income risk and aggregate consumption : an unobserved component approach
Pozzi, Lorenzo - 2007
Persistent link: https://www.econbiz.de/10003609101
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Family background variables as instruments for education in income regressions : a Bayesian analysis
Hoogerheide, Lennart; Block, Jörn; Thurik, Adriaan R. - 2010
Persistent link: https://www.econbiz.de/10008736923
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Family background variables as instruments for education in income regressions : a Bayesian analysis
Hoogerheide, Lennart; Block, Jörn; Thurik, Adriaan R. - 2010 - Current version: July 2010
violations of the strong validity assumption affect the estimation results. We show that, in case of moderate direct effects of …
Persistent link: https://www.econbiz.de/10011381026
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The bicausal relation between religion and income
Bettendorf, Leon; Dijkgraaf, Elbert - 2005
Persistent link: https://www.econbiz.de/10003233485
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Firm consolidation and labor market outcomes
Dobbelaere, Sabien; McCormack, Grace; Prinz, Daniel; … - 2022
Using rich administrative data from the Netherlands, we study the consequences of firm consolidation for workers. For workers at acquired firms, takeovers are associated with a 8.5% drop in employment at the consolidated firm and a 2.6% drop in total labor income. These effects are persistent...
Persistent link: https://www.econbiz.de/10013440408
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Convergence, shocks and poverty
Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill H. - 2002
Persistent link: https://www.econbiz.de/10001663816
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Asymmetric price responses of gasoline stations : evidence for heterogeneity of retailers
Faber, Riemer P. - 2009
This paper studies asymmetric price responses of individual firms, via daily retail prices of almost all gasoline … the stations respond asymmetrically to changes in the spot market price. Hence, asymmetric pricing is not a feature of the …
Persistent link: https://www.econbiz.de/10011379452
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Do daily retail gasoline prices adjust asymmetrically?
Bettendorf, Leon; Geest, Stephanie van der; Kuper, Gerard H. - 2005
in the daily retail price for gasoline (taxes excluded) for the period 1996-2004 taking care of volatility clustering by … estimating an EGARCH model. It turns out the volatility process is asymmetrical: an unexpected increase in the producer price has … a larger effect on the variance of the producer price than an unexpected decrease. We do not find strong evidence for …
Persistent link: https://www.econbiz.de/10011343273