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We exploit information on compulsory schooling reforms in 11 European countries, implemented mostly in the 1960s and 70s, to identify the impact of education on religious adherence and religious practices. Using micro data from the European Social Survey, conducted in various years between 2002...
Persistent link: https://www.econbiz.de/10013046157
The presence of a westward-moving frontier of settlement shaped early U.S. history. In 1893, the historian Frederick Jackson Turner famously argued that the American frontier fostered individualism. We investigate the Frontier Thesis and identify its long-run implications for culture and...
Persistent link: https://www.econbiz.de/10013218964
detailed panel of investors in Sweden over the period 1995 to 2000, we find that the level of investor diversification, as …
Persistent link: https://www.econbiz.de/10012785193
of Sweden in 2000, we estimate the effect of education on stock market participation and risky asset holdings. We find …
Persistent link: https://www.econbiz.de/10013025254
of all households in Sweden. Between 1999 and 2002, we observe little aggregate rebalancing in the financial portfolio of …
Persistent link: https://www.econbiz.de/10012753525
disaggregated wealth and income of the entire population of Sweden. The analysis focuses on two main sources of inefficiency in the …
Persistent link: https://www.econbiz.de/10012754400
econometric strategies for share model estimation. The paper then goes on to discuss the univariate fractional regression … estimation strategies proposed by Papke and Wooldridge and to extend the fractional regression approach to estimation of and …/ disaggregation are considered, as is a full likelihood estimation approach based on Dirichlet-multinomial models. The paper …
Persistent link: https://www.econbiz.de/10013138354
Standard sufficient conditions for identification in the regression discontinuity design are continuity of the conditional expectation of counterfactual outcomes in the running variable. These continuity assumptions may not be plausible if agents are able to manipulate the running variable. This...
Persistent link: https://www.econbiz.de/10012777950
In the canonical regression discontinuity (RD) design for applicants who face an award or admissions cutoff, causal effects are nonparametrically identified for those near the cutoff. The impact of treatment on inframarginal applicants is also of interest, but identification of such effects...
Persistent link: https://www.econbiz.de/10012938588
The key assumption in regression discontinuity analysis is that the distribution of potential outcomes varies smoothly with the running variable around the cutoff. In many empirical contexts, however, this assumption is not credible; and the running variable is said to be manipulated in this...
Persistent link: https://www.econbiz.de/10012978088