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We study the effects of a large car scrappage scheme in Germany on new car purchases and local air quality by combining vehicle registration data with data on local air pollutant emissions. For identification we exploit cross-sectional variation across districts in the number of cars eligible...
Persistent link: https://www.econbiz.de/10014310869
The stock market influences some of the most fundamental economic decisions of investors, such as consumption, saving, and labor supply, through the financial wealth channel. This paper provides evidence that daily fluctuations in the stock market have important - and hitherto neglected -...
Persistent link: https://www.econbiz.de/10011893801
In response to COVID-19, dramatic safer-at-home policies were implemented. The understanding of their impacts on social distancing, travel and pollution is in its infancy. We pair a differences-in-differences framework and synthetic control methods with rich cellular tracking and high frequency...
Persistent link: https://www.econbiz.de/10012214304
Using administrative DVLA data matched with micro-data from Understanding Society - the UK Household Longitudinal Study we estimate income-related inequalities in ownership of vehicles with a set of safety features and we apply a regression-based decomposition method for rank-dependent...
Persistent link: https://www.econbiz.de/10014249831
The major contribution of this paper is ending a new and flexible way to measure the effects of selection on log-wages. In this context, we offer a general approach to performing decomposition analysis when selection effects are present. We call the difference between unconditional and...
Persistent link: https://www.econbiz.de/10011313942
Persistent link: https://www.econbiz.de/10001896054
This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and spatial error components. We study the general case where spatial effects are incorporated via spatial errors terms and via a spatial lag dependent variable and where the...
Persistent link: https://www.econbiz.de/10009013035
that are robust to cross-sectional heteroskedasticity of unknown form. By means of Monte Carlo simulation, we investigate … proposed in the literature. Simulation results reveal that, in terms of median absolute errors and accuracy of inference, the …-sectional heteroskedasticity ; Monte Carlo simulation ; GMM estimation …
Persistent link: https://www.econbiz.de/10009545313
We compare the performance of maximum likelihood (ML) and simulated method of moments (SMM) estimation for dynamic discrete choice models. We construct and estimate a simplified dynamic structural model of education that captures some basic features of educational choices in the United States in...
Persistent link: https://www.econbiz.de/10010418037
is much less sophisticated than that characterised by modern microeconomic theory. …
Persistent link: https://www.econbiz.de/10010355706