Showing 1 - 10 of 3,104
The traditional approach to poverty measurement puts no explicit weight on success at increasing the typical level of … available surveys for the developing world over 1981-2011, the expected value of the floor is about half the $1.25 a day poverty …
Persistent link: https://www.econbiz.de/10013031210
This paper studies the implications of household financial choices for the effects of monetary policy on consumption … income ratios by education and country. The policy functions based upon the estimation are used to characterize the … heterogeneity in consumption responses, monetary policy, operating through its effects on household income and asset market returns …
Persistent link: https://www.econbiz.de/10012910644
results because it does not require structural estimation of primitives …
Persistent link: https://www.econbiz.de/10012759356
childhood (family income and poverty measures, family characteristics including parental education, and child characteristics …
Persistent link: https://www.econbiz.de/10012759867
We consider nonparametric identification and estimation in a nonseparable model where a continuous regressor of … endogenous assignment variable (like previous earnings). We provide new results on identification and estimation for these … unemployment insurance benefits on the duration of joblessness in Austria, where the benefit schedule has kinks at the minimum and …
Persistent link: https://www.econbiz.de/10013097659
) extensions can be used as instrumental variables (IV) for unemployment duration. Using a regression discontinuity design, the … substantial negative effects of unemployment duration on wages of 0.8% per month …
Persistent link: https://www.econbiz.de/10013071300
Studies of risk preference have empirically established two regularities that are inconsistent with the canonical expected utility model: (1) risk aversion over small gambles greatly exceeds risk aversion over larger stakes and (2) insurance buyers play the lottery. This paper characterizes risk...
Persistent link: https://www.econbiz.de/10012785960
duration (PBD) on reservation wages and on other dimensions of job selectivity, using a difference-in-difference strategy. We … of hours, duration of labor contract and commuting time/distance. The estimated elasticity of actual benefit duration …
Persistent link: https://www.econbiz.de/10012956405
Medicare does not pay for a skilled nursing facility (SNF) unless a fee-for-service patient has stayed in the hospital for at least three days. Discharges after the three-day cutoff consistently result in more transfers to SNFs. Using the three-day rule as an instrument, we find that SNF...
Persistent link: https://www.econbiz.de/10012911459
We propose that financial institutions can act as asset insulators, holding assets for the long run to protect their valuations from consequences of exposure to financial markets. We demonstrate the empirical relevance of this theory for the balance sheet behavior of a large class of...
Persistent link: https://www.econbiz.de/10012911716