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We use a calibrated stochastic life-cycle model of endogenous health spending, asset accumulation and retirement to investigate the causes behind the increase in health spending and life expectancy over the period 1965-2005. We estimate that technological change along with the increase in the...
Persistent link: https://www.econbiz.de/10010269651
An important goal when analyzing the causal effect of a treatment on an outcome is to understand the mechanisms through which the treatment causally works. We define a causal mechanism effect of a treatment and the causal effect net of that mechanism using the potential outcomes framework. These...
Persistent link: https://www.econbiz.de/10010269294
dependent data and allowing for first-step estimation of the propensity score. …
Persistent link: https://www.econbiz.de/10010270625
Researchers are often interested in estimating the causal effect of some treatment on individual criminality. For example, two recent relatively prominent papers have attempted to estimate the respective direct effects of marriage and gang participation on individual criminal activity. One...
Persistent link: https://www.econbiz.de/10010271337
affect the earnings of immigrants on the U.S. labor market in a difference-in-differences model that compares home …
Persistent link: https://www.econbiz.de/10010274179
Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of …
Persistent link: https://www.econbiz.de/10010276396
standards in economics around the world been reflected in research performance? How have individual countries fared? Do research … quantity and quality indicators tell us the same story? We concentrate on trends taking place since the beginning of the 1990s … of research in economics. Our findings indicate that Europe is catching up with the US but, in terms of influential …
Persistent link: https://www.econbiz.de/10010269503
in levels of fatal risk. The paper contrasts VSL estimates from conventional analysis with the bounds obtained under this …
Persistent link: https://www.econbiz.de/10010272632
policy relevant outcomes and policy effects, that of the wage premia for fatal injury risk. Estimates of the overall hedonic …
Persistent link: https://www.econbiz.de/10010272633
We survey the literature on the Risk Augmented Mincer equation that seeks to estimate the compensation for uncertainty …
Persistent link: https://www.econbiz.de/10010271303