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A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...
Persistent link: https://www.econbiz.de/10010269313
There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk aversion. A striking feature of this literature is the very wide variation in the reported estimates of the coefficients. While there are often legitimate reasons for these differences in the estimates,...
Persistent link: https://www.econbiz.de/10010289966
A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...
Persistent link: https://www.econbiz.de/10005703303
There is a large literature estimating Arrow-Pratt coefficients of absolute and relative risk aversion. A striking feature of this literature is the very wide variation in the reported estimates of the coefficients. While there are often legitimate reasons for these differences in the estimates,...
Persistent link: https://www.econbiz.de/10010705565
Governments are increasingly concerned about the capacity of pensions systems to meet demands in the coming years. According to the OECD, one part of the policy response in many countries will be greater private provision on the part of individuals through occupational and other pension...
Persistent link: https://www.econbiz.de/10010328975
The economic crisis of 2008/9 was felt more acutely in Ireland relative to elsewhere and culminated in the international bailout in 2010. Given the economic collapse, Ireland provides an ideal case-study of the link between wealth collapses and movements in variables such as health and...
Persistent link: https://www.econbiz.de/10010328986
Research has shown that employment status, such as being unemployed or retired, can be related to well-being. In addition, the direction and size of these relationships can be influenced by the employment status of one's peer group. For example, it has been shown that the well-being of the...
Persistent link: https://www.econbiz.de/10010329125
A growing literature within economics has sought to examine the impacts of emigration on sending countries. Some of the studies have looked within families and have investigated how emigration affects those family members who are left behind. In this paper, we explore whether older parents of...
Persistent link: https://www.econbiz.de/10010352316
Across many countries, the rise of atypical work has been noted whereby employees are increasingly in less secure contractual situations. While this might lead to more flexible labour markets, there are potential downsides for individuals. We explore the prevalence of atypical work in Ireland...
Persistent link: https://www.econbiz.de/10011653269
A feature of employment at older ages that has been observed in many countries, including Ireland, is the higher share of self-employment among older labour force participants. This pattern of higher self-employment rates at the end of the labour market career may reflect lower rates of...
Persistent link: https://www.econbiz.de/10011931628