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Assessing differences in household needs : a comparison of approaches for the estimation of equivalence scales using German expenditure data

Dudel, Christian; Garbuszus, Jan Marvin; Schmied, Julian - 2017

of their practical importance for the measurement of inequality and poverty, a large number of methods for the estimation … estimate are close to the modified OECD scale. Calculating the Gini coefficient, we find that the at-risk-of-poverty rate and … inequality and poverty. We conclude that differences in estimation methods for equivalence scales might be less important than …

Persistent link: https://www.econbiz.de/10011764530

Risk attitudes with state-dependent indivisibilities in consumption

Fels, Markus - 2019

such state-dependent indivisible consumption opportunities influences a person’s risk attitudes. In general, people are not … risk averse anymore even if utility from divisible consumption is concave. I propose a definition of insurance in the … that rule out risk aversion turn out to be the basis of a desire to insure. This calls into question the standard approach …

Persistent link: https://www.econbiz.de/10011998942

Consumption smoothing and the welfare cost of uncertainty

Alem, Yonas; Colmer, Jonathan - 2018

to realised rainfall shocks, consistent with a trade-off between optimism about the future and risk …

Persistent link: https://www.econbiz.de/10011945049

Is there heterogeneity in the response of consumption to income shocks?

Ludwig, Johannes - 2015

While recently more and more research has focused on the aggregate response of consumption to income shocks, little is known about how this response differs for households at different ends of the income distribution. This paper investigates how consumption reacts to transitory and permanent...

Persistent link: https://www.econbiz.de/10011404289

Heterogeneity in residential electricity consumption : a quantile regression approach

Frondel, Manuel; Sommer, Stephan; Vance, Colin - 2017

Drawing on the most recent wave of the German Residential Energy Survey (GRECS), this paper estimates the contribution of individual appliances to household electricity consumption. Moving beyond the standard focus of estimating mean effects, we combine the conditional demand approach with...

Persistent link: https://www.econbiz.de/10011764517

Switching on electricity demand response : evidence for German households

Frondel, Manuel; Kussel, Gerhard - 2018

Empirical evidence on households' awareness of electricity prices and potentially divergent demand responses to price changes conditional on price knowledge is scant. Using panel data originating from Germany’s Residential Energy Consumption Survey (GRECS), we fill this void by employing an...

Persistent link: https://www.econbiz.de/10011897241

Moral licensing : another source of rebound?

Dütschke, Elisabeth; Frondel, Manuel; Schleich, Joachim; … - 2018

Der Rebound-Effekt kann sowohl ökonomische als auch psychologische Ursachen haben. Zusätzlich zu den von Ökonomen herausgestellten Preis-, Einkommens-, und Substitutionseffekten weisen Psychologen auf den Einfluss von Moral Licensing hin. Dabei handelt es sich um einen kognitiven Vorgang, bei...

Persistent link: https://www.econbiz.de/10011820940

Text data rule - don't they? : a study on the (additional) information of Handelsblatt data for nowcasting German GDP in comparison to established economic indicators

Shrub, Yuliya; Rieger, Jonas; Müller, Henrik; Jentsch, … - 2022

The prompt availability of information on the current state of the economy in real-time is required for prediction purposes and crucial for timely policy adjustment and economic decision-making. While important macroeconomic indicators are reported only quarterly and also published with...

Persistent link: https://www.econbiz.de/10013361278

Towards extracting collective economic narratives from texts

Lange, Kai-Robin; Reccius, Matthias; Schmidt, Tobias; … - 2022

Identifying narratives in texts is a challenging task, as not only narrative elements such as the factors and events have to be identified but their semantic relation has to be explained as well. Despite this complexity, an effective technique to extract narratives from texts can have a great...

Persistent link: https://www.econbiz.de/10013359201

Homothetic efficiency : a non-parametric approach

Heufer, Jan; Hjertstrand, Per - 2014

This article provides a robust non-parametric approach to demand analysis based on a concept called homothetic efficiency. Homotheticity is a useful restriction or assumption but data rarely satisfy testable conditions. To overcome this problem, this article provides a way to estimate homothetic...

Persistent link: https://www.econbiz.de/10010399444