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Rapoport, Hillel (contributor); … - 2005

This chapter reviews the recent theoretical and empirical economic literature on migrants' remittances. It is divided between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the micro level we first present in a fully harmonized...

Persistent link: https://www.econbiz.de/10002693330

Rationalizing rational expectations? : tests and deviations

D'Haultfœuille, Xavier; Gaillac, Christophe; Maurel, Arnaud - 2018

In this paper, we build a new test of rational expectations based on the marginal distributions of realizations and subjective beliefs. This test is widely applicable, including in the common situation where realizations and beliefs are observed in two different datasets that cannot be matched....

Persistent link: https://www.econbiz.de/10011951089

Supply theory sans profit-maximization

Dasgupta, Indraneel - 2009

predictive content of the traditional theory of competitive supply. A number of key results in the deterministic theory follow as … predictive content of the classical theory of competitive firm behavior from its a priori roots in profit maximization, while … subsuming the traditional theory as a special case. -- Supply aggregation ; stochastic supply function ; stochastic consistency …

Persistent link: https://www.econbiz.de/10003810898

Families in macroeconomics

Doepke, Matthias; Tertilt, Michele - 2016

Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...

Persistent link: https://www.econbiz.de/10011454407

Integrated macroeconomic production function for open economies : a new Schumpeterian Solow model for globalization

Welfens, Paul J. J. - 2016

The macroeconomic production function is a traditional key element of modern macroeconomics, as is the more recent knowledge production function which explains knowledge/patents by certain input factors such as research, foreign direct investment or international technology spillovers. This...

Persistent link: https://www.econbiz.de/10011452235

Forecasting errors : yet more problems for identification?

Contini, Bruno - 2009

Forecasting errors pose a serious problem of identification, often neglected in empirical applications. Any attempt of estimating choice models under uncertainty may lead to severely biased results in the presence of forecasting errors even when individual expectations on future events are...

Persistent link: https://www.econbiz.de/10003816521

Cultural transmission and discrimination

Sáez Martí, María (contributor); Zenou, Yves (contributor) - 2005

Each worker belongs to either the majority or the minority group and, irrespective of the group she belongs to, can have good or bad work habits. These traits are transmitted from one generation to the next through a learning and imitation process which depends on parents' purposeful investment...

Persistent link: https://www.econbiz.de/10003222508

An experimental study of the POUM hypothesis

Checchi, Daniele (contributor); … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001808429

Rational inattention and employer learning

Habermalz, Steffen - 2010

learning model with the theory of rational inattention introduced by Sims (2006). In the model firms optimally allocate …

Persistent link: https://www.econbiz.de/10009300804

Biased survival expectations and behaviours: does domain specific information matter?

Costa-Font, Joan; Vilaplana Prieto, Cristina - 2021

We study biased survival expectations across two domains and examine whether such biased expectations influence health and financial behaviors. Combining individual-level longitudinal data, retrospective, and end of life data from several European countries for more than a decade, we estimate...

Persistent link: https://www.econbiz.de/10012703131

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