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Fiscal Competition and the Composition of Public Spending : Theory and Evidence
Borck, Rainald - 2006
In this paper, we consider fiscal competition between jurisdictions. Capital taxes are used to finance a public input and two public goods, one which benefits mobile skilled workers and one which benefits immobile unskilled workers. We derive the jurisdictions' reaction functions for different...
Persistent link: https://www.econbiz.de/10012779045
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A Cautionary Note on Using Industry Affiliation to Predict Income
Pischke, Jörn-Steffen - 2012
Many literatures investigate the causal impact of income on economic outcomes, for example in the context of intergenerational transmission or well-being and health. Some studies have proposed to use employer wage differentials and in particular industry affiliation as an instrument for income....
Persistent link: https://www.econbiz.de/10013099731
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Prediction Markets for Economic Forecasting
Snowberg, Erik C. - 2012
Prediction markets – markets used to forecast future events – have been used to accurately forecast the outcome of political contests, sporting events, and, occasionally, economic outcomes. This chapter summarizes the latest research on prediction markets in order to further their...
Persistent link: https://www.econbiz.de/10013103480
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What Predicts a Successful Life? A Life-Course Model of Well-Being
Layard, Richard - 2013
If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the British Cohort Study (1970). The most powerful childhood...
Persistent link: https://www.econbiz.de/10013073851
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Forecasting with Spatial Panel Data
Baltagi, Badi H. - 2009
This paper compares various forecasts using panel data with spatial error correlation. The true data generating process is assumed to be a simple error component regression model with spatial remainder disturbances of the autoregressive or moving average type. The best linear unbiased predictor...
Persistent link: https://www.econbiz.de/10013158526
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Predicting Road Conditions with Internet Search
Askitas, Nikos - 2015
Traffic jams are an important problem both on an individual and on a societal level and much research has been done on trying to explain their emergence. The mainstream approach to road traffic monitoring is based on crowdsourcing roaming GPS devices such as cars or cell phones. These systems...
Persistent link: https://www.econbiz.de/10013011173
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Is Entrepreneurial Success Predictable? An Ex-Ante Analysis of the Character-Based Approach
Caliendo, Marco; Kritikos, Alexander - 2021
is slightly better than that of the questionnaire, but lower than expected in theory. Interestingly, for those subgroups …
Persistent link: https://www.econbiz.de/10013317164
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How Prediction Markets Can Save Event Studies
Snowberg, Erik C. - 2011
This review paper articulates the relationship between prediction market data and event studies, with a special focus on applications in political economy. Event studies have been used to address a variety of political economy questions ﾖ from the economic effects of party control of...
Persistent link: https://www.econbiz.de/10013126921
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Intrahousehold Resource Allocation and Individual Poverty : Assessing Collective Model Predictions Against Direct Evidence on Sharing
Bargain, Olivier; Lacroix, Guy; Tiberti, Luca - 2023
Welfare analyses conducted by policy practitioners around the world usually rely on equivalized or per-capita expenditures and ignore the extent of within-household inequality. Recent advances in the estimation of collective models suggest ways to retrieve the complete sharing process within...
Persistent link: https://www.econbiz.de/10014254963
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Less Cash, Less Crime : Evidence from the Electronic Benefit Transfer Program
Wright, Richard - 2014
It has been long recognized that cash plays a critical role in fueling street crime due to its liquidity and … transactional anonymity. In poor neighborhoods where street offenses are concentrated, a significant source of circulating cash … circulation of cash on the streets associated with EBT implementation had an effect on crime. To address this question, we exploit …
Persistent link: https://www.econbiz.de/10013047870