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Do more equal slices shrink the cake? An empirical investigation of tax-transfer reform proposals in Italy

Aaberge, Rolf; Colombino, Ugo; Strøm, Steinar - 2003

A crucial issue in efficiency-equality evaluations of tax reforms resides in the possibility that the level as well as the distribution of welfare may change, where the household-specific measures of welfare capture the value of income as well as the value of leisure. A better-designed...

Persistent link: https://www.econbiz.de/10010284256

Labor supply as a choice among latent jobs: Unobserved heterogeneity and identification

Dagsvik, John K.; Jia, Zhiyang - 2014

-specific hours and wage of the chosen job. The main contribution of this paper is an analysis of the identification problem of this …

Persistent link: https://www.econbiz.de/10011335589

Identifying age-cohort-time effects, their curvature and interactions from polynomials: Examples related to sickness absence

Biørn, Erik - 2013

In the paper is considered identification of coefficients in equations explaining a continuous variable, say the number …

Persistent link: https://www.econbiz.de/10010330247

Age-cohort-time effects in sickness absence: Exploring a large data set by polynomial regression

Biørn, Erik - 2013

Identification of equations explaining a continuous variable, e.g., the length of sickness absence spells, by age … create identification problems. A data set with 4.5 million individual observations for long-term sickness absence in Norway …

Persistent link: https://www.econbiz.de/10010330256

Identification, instruments, omitted variables, and rudimentary models: Fallacies in the "experimental approach" to econometrics

Biørn, Erik - 2017

Since identification, instrumental variables and variables exclusion, core concepts in econometrics, are entwined …, several questions arise: How is identification related to the existence of IVs? How are identification criteria related to …

Persistent link: https://www.econbiz.de/10012058691

Modelling addiction in life-cycle models: Revisiting the treatment of latent stocks and other unobservables

Biørn, Erik - 2009

Dynamic modeling of demand for goods whose cumulated stocks enter an intertemporal utility function as latent variables, is discussed. The issues include: how represent addiction, how handle unobserved expectations and changing plans, how deal with 'dynamic inconsistency'? Arguments are put...

Persistent link: https://www.econbiz.de/10010275648

Identification and method of moments estimation in polynomial measurement error models

Biørn, Erik - 2017

well as an instrument set for the former is considered. Procedures for identification, operating on moments up to a certain … latent regressor. Simple order-conditions are derived, and procedures involving recursive identification of the moments of … Method of Moments (GMM) algorithm involving the instruments and proceeding stepwise from the identification procedures, is …

Persistent link: https://www.econbiz.de/10011694188

Monetary policy and exchange rate interactions in a small open economy

Bjørnland, Hilde C. - 2005

This paper analyses the transmission mechanisms of monetary policy in a small open economy like Norway through structural VARs, paying particular attention to the interdependence between the monetary policy stance and exchange rate movements in the inflation-targeting period. Previous studies of...

Persistent link: https://www.econbiz.de/10010284259

Identifying the interdependence between US monetary policy and the stock market

Bjørnland, Hilde C.; Leitemo, Kai - 2005

We estimate the interdependence between US monetary policy and the S&P 500 using structural VAR methodology. A solution is proposed to the simultaneity problem of identifying monetary and stock price shocks by using a combination of short-run and long-run restrictions that maintains the...

Persistent link: https://www.econbiz.de/10010284471

Monetary policy and the illusionary exchange rate puzzle

Bjørnland, Hilde C. - 2005

Dornbusch’s exchange rate overshooting hypothesis is a central building block in international macroeconomics. Yet, empirical studies of monetary policy have typically found exchange rate effects that are inconsistent with overshooting. This puzzling result has developed into a “styled...

Persistent link: https://www.econbiz.de/10010284488