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Five open questions about prediction markets
Wolfers, Justin; Zitzewitz, Eric - 2006
prove to be valuable tools in forecasting, decision-making and risk management - in both the public and private sectors …
Persistent link: https://www.econbiz.de/10010267442
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Modelling the Joint Distribution of Income and Wealth
Jäntti, Markus; Sierminska, Eva; Van Kerm, Philippe - 2015
This paper considers a parametric model for the joint distribution of income and wealth. The model is used to analyze income and wealth inequality in five OECD countries using comparable household-level survey data. We focus on the dependence parameter between the two variables and study whether...
Persistent link: https://www.econbiz.de/10011307414
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Measurement of Inequality of Opportunity Based on Counterfactuals
Van de gaer, Dirk; Ramos, Xavi - 2015
opportunity should have. Standard methods for the measurement of inequality of opportunity require the construction of …
Persistent link: https://www.econbiz.de/10011420755
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Household Consumption at Retirement: A Regression Discontinuity Study on French Data
Moreau, Nicolas; Stancanelli, Elena G. F. - 2013
Earlier literature has investigated the drop in household consumption upon retirement of the head of the household, the so-called retirement consumption puzzle. Here, we expand on these studies by considering also retirement of the wife, thus distinguishing households in which the wife is a...
Persistent link: https://www.econbiz.de/10010329090
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Divorcing Upon Retirement: A Regression Discontinuity Study
Stancanelli, Elena G. F. - 2014
The many facets of retirement have been studied widely by economists. However, the effect of retirement on marriage stability has been ignored in the literature. Retirement represents a dramatic change in individual time allocation that may affect marriage stability. In particular, individuals...
Persistent link: https://www.econbiz.de/10010352332
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On Nonparametric Identification of Treatment Effects in Duration Models
Johansson, Per; Lee, Myoung-jae - 2016
We show that the main nonparametric identification finding of Abbring and Van den Berg (2003b, Econometrica) for the effect of a timing-chosen treatment on an event duration of interest does not hold. The main problem is that the identification is based on the competing-risks identification...
Persistent link: https://www.econbiz.de/10011559675
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Couples' Retirement under Individual Pension Design: A Regression Discontinuity Study for France
Stancanelli, Elena G. F. - 2016
Retirement policies are individually designed but the majority of people of retirement age live as couples. We estimate the effects of a French pension reform on spouses' employment decisions. We use labor-force survey data, pooled over different years, on fifty thousand French couples and apply...
Persistent link: https://www.econbiz.de/10011584637
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The Perry Preschoolers at Late Midlife: A Study in Design-Specific Inference
Heckman, James J.; Karapakula, Ganesh - 2019
This paper presents the first analysis of the life course outcomes through late midlife (around age 55) for the participants of the iconic Perry Preschool Project, an experimental high-quality preschool program for disadvantaged African-American children in the 1960s. We discuss the design of...
Persistent link: https://www.econbiz.de/10012059092
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Skating on Thin Evidence: Implications for Public Policy
Doucouliagos, Chris; Paldam, Martin; Stanley, T. D. - 2018
Good public policy needs to be evidence based. However, the evidence base is thin for many policy issues. How can policy makers best respond to such thin areas of research that are also quite likely to change over time? Our survey investigates the evolution of the econometric evidence base for...
Persistent link: https://www.econbiz.de/10011873428
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Iatrogenic Specification Error : A Cautionary Tale of Cleaning Data
Bollinger, Christopher R.; Chandra, Amitabh - 2004
In empirical research it is common practice to use sensible rules of thumb for cleaning data. Measurement error is … range. We consider a general measurement error process that nests many plausible models. Analytic results demonstrate that … winsorizing and trimming are only solutions for a narrow class of measurement error processes. Indeed, for the measurement error …
Persistent link: https://www.econbiz.de/10010261852