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Candeal-Haro, Juan Carlos; Induráin-Eraso, Esteban; … - 2011

In order to formalize the act of agreement between two individuals, the concept of consensus functional equation, for a bi-variate map defined on an abstract choice set, is introduced. Then, and in a purely choice-theoretical framework, we relate the solutions of this equation to the notion of a...

Persistent link: https://www.econbiz.de/10009524368

Inequality in an OLG economy with heterogeneous cohorts and pension systems

Tyrowicz, Joanna; Makarski, Krzysztof; Bielecki, Marcin - 2018

We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features within cohort heterogeneity of endowments and heterogeneity of preferences. We allow for population aging and gradual decline in TFP growth. We show four main results. First,...

Persistent link: https://www.econbiz.de/10011876189

Evaluating welfare and economic effects of raised fertility

Makarski, Krzysztof; Tyrowicz, Joanna; Malec, Magda - 2019

Many countries consider rising fertility through pro-family policies as a solution to the fiscal pressure stemming from longevity. However, an increased number of births implies immediate private costs and only delayed public benefits of younger and larger population. We propose using an...

Persistent link: https://www.econbiz.de/10011997755

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A hands-on machine learning primer for social scientists : math, algorithms and code

Askitas, Nikos - 2024

This paper addresses the steep learning curve in Machine Learning faced by noncomputer scientists, particularly social scientists, stemming from the absence of a primer on its fundamental principles. I adopt a pedagogical strategy inspired by the adage "once you understand OLS, you can work your...

Persistent link: https://www.econbiz.de/10014535259

Consumer debt and default : a macro perspective

Exler, Florian; Tertilt, Michele - 2020

In this survey, we review the quantitative macroeconomic literature analyzing consumer debt and default. We start by providing an overview of consumer bankruptcy law in the US and document the relevant institutional changes over time. We proceed with a comprehensive empirical section, describing...

Persistent link: https://www.econbiz.de/10012171050

Sectoral linkage in the Ethiopian economy : a social accounting matrix multiplier analysis

Kebede, Selamawit G.; Heshmati, Almas - 2023

This research investigates the Ethiopian economy's sectoral linkages. It examines the forward and backward production and total linkages of the industry with the agriculture and service sectors. The import penetration and export intensity of the agriculture-based industry and the manufacturing...

Persistent link: https://www.econbiz.de/10013498894

Artificial Intelligence and the economics of decision-making

Naudé, Wim - 2023

decisions. In this challenge, they confront two questions: what decision theory to follow and how to implement it in AI systems … theory - Expected Utility Theory (EUT) - can help AI systems with utility functions to deal with the problem of instrumental …

Persistent link: https://www.econbiz.de/10014230173

Endogenous indoctrination : occupational choice, the evolution of beliefs, and the political economy of reform

Saint-Paul, Gilles - 2009

favourable to the market economy. Two parameters that govern this capacity to learn are social entropy and heritability. Social … entropy defines how predictable one's occupation is as a function of one's beliefs. Heritability is the weight of the family …'s beliefs in the determination of the priors of a new generation. Both heritability and social entropy reduce the bias and makes …

Persistent link: https://www.econbiz.de/10003902085

Inequality and the GB2 income distribution

Jenkins, Stephen (contributor) - 2007

The generalized entropy class of inequality indices is derived for Generalized Beta of the Second Kind (GB2) income …

Persistent link: https://www.econbiz.de/10003597779

"The double dividend of training" : labor market effects of work-related continuous education in Switzerland

Denzler, Stefan; Ruhose, Jens; Wolter, Stefan C. - 2022

market outcomes, we apply a regression-adjusted matched difference-in-differences approach with entropy balancing to account …

Persistent link: https://www.econbiz.de/10013414731

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