Narrow search
Showing 1 - 10 of 689
Cover Image
Why Do Life Insurance Policyholders Lapse? The Roles of Income, Health and Bequest Motive Shocks
Fang, Hanming - 2012
model using the life insurance holding information from the Health and Retirement Study (HRS) data. Counterfactual … of such i.i.d. shocks gets smaller, and more of their lapsations are driven either by income, health or bequest motive … shocks. Income and health shocks are relatively more important than bequest motive shocks in explaining lapsations when …
Persistent link: https://www.econbiz.de/10012460759
Cover Image
Health Information and Subjective Survival Probability : Evidence from Taiwan
Liu, Jin-Tan - 2007
The effect of new health information on individuals' expectations about their longevity is examined using a Bayesian … more extensive advice on health behavior from their physicians. The subjective probability of survival declines with health …
Persistent link: https://www.econbiz.de/10012465792
Cover Image
The Supply of Quality in Child Care Centers
Blau, David M. - 1999
We use data from a sample of day care centers to estimate the relationships between cost and the quality of the child care service provided, and between revenue and quality. We use a measure of child care quality derived from an instrument designed by developmental psychologists. This measure of...
Persistent link: https://www.econbiz.de/10012471564
Cover Image
Value without Employment
Barkai, Simcha; Panageas, Stauros - National Bureau of Economic Research - 2021
Young firms' contribution to aggregate employment has been underwhelming. However, a similar trend is not apparent in their contribution to aggregate sales or aggregate stock market capitalization. We study the implications of the arrival of "low marginal - high average" revenue-product-of-labor...
Persistent link: https://www.econbiz.de/10012660092
Cover Image
The Tax Elasticity of Capital Gains and Revenue-Maximizing Rates
Agersnap, Ole - 2020
This paper uses an event study approach to estimate the effect of capital gains taxation on realizations at the state level, and then develops a framework for determining revenue-maximizing rates at the federal level. We find that the elasticity of revenues with respect to the tax rate over a...
Persistent link: https://www.econbiz.de/10012481253
Cover Image
Scarcity of Ideas and R&D Options : Use it, Lose it or Bank it
Erkal, Nisvan - 2009
We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random times. By foregoing investment in a current idea, society as a whole preserves an option to invest in a better idea for the same market niche, but with delay. Because successive...
Persistent link: https://www.econbiz.de/10012463708
Cover Image
School Finance Reform : Assessing General Equilibrium Effects
Epple, Dennis N. - 2007
In 1994 the state of Michigan implemented one of the most comprehensive school finance reforms undertaken to date in any of the states. Understanding the effects of the reform is thus of value in informing other potential reform initiatives. In addition, the reform and associated changes in the...
Persistent link: https://www.econbiz.de/10012465122
Cover Image
E-ZTax : Tax Salience and Tax Rates
Finkelstein, Amy - 2007
This paper tests the hypothesis that the salience of a tax system affects equilibrium tax rates. To do this, I analyze how toll rates change after toll facilities adopt electronic toll collection. Unlike manual toll collection, in which the driver must hand over cash at the toll collection...
Persistent link: https://www.econbiz.de/10012465732
Cover Image
Firm Performance and the Volatility of Worker Earnings
Juhn, Chinhui - 2017
. Exploring heterogeneity of effects, we find the largest elasticity in professional services, among employees in the top 5% of …
Persistent link: https://www.econbiz.de/10012455579
Cover Image
Designing Nonlinear Price Schedules for Urban Water Utilities to Balance Revenue and Conservation Goals
Wolak, Frank A. - 2016
This paper formulates and estimates a household-level, billing-cycle water demand model under increasing block prices that accounts for the impact of monthly weather variation, the amount of vegetation on the household's property, and customer-level heterogeneity in demand due to household...
Persistent link: https://www.econbiz.de/10012456175