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Childcare Subsidies and Labor Supply: Evidence from a large Dutch Reform
Bettendorf, L.J.H.; Jongen, Egbert L.W.; Muller, Paul - 2012
Over the period 2005-2009 the Dutch government increased childcare subsidies substantially, reducing the average effective parental fee by 50%, and extended subsidies to so-called guestparent care. We estimate the labour supply effect of this reform with a difference-in-differences strategy,...
Persistent link: https://www.econbiz.de/10010326516
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On the Practice of Bayesian Inference in Basic Economic Time Series Models using Gibbs Sampling
de Pooter, Michiel D.; Segers, René; van Dijk, Herman K. - 2006
Several lessons learned from a Bayesian analysis of basic economic time series models by means of the Gibbs sampling algorithm are presented. Models include the Cochrane-Orcutt model for serial correlation, the Koyck distributed lag model, the Unit Root model, the Instrumental Variables model...
Persistent link: https://www.econbiz.de/10010325199
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Spurious Regression, Cointegration, and Near Cointegration: A Unifying Approach
Haldrup, Niels; Jansson, Michael - 1999
cointegration are provided. As a first application, we give analyticalcorroboration of the conjecture that the finite sample … coefficient. Hence, the notionof near cointegration helps to bridge the gap between the polar cases ofspurious regression and … cointegration. Secondly, we characterize theproperties of conventional cointegration methods under near cointegration …
Persistent link: https://www.econbiz.de/10010324535
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Optimal Hedging with the Vector Autoregressive Model
Gatarek, Lukasz; Johansen, Søren - 2014
with general cointegration rank. Our hedge is optimal in the sense of minimum variance portfolio. We consider a model that … correlation and cointegration parameters. For short holding periods the correlation impact is predominant. For long horizons, the … hedge ratio should overweight the cointegration parameters rather then short-run correlation information. In the innite …
Persistent link: https://www.econbiz.de/10010377246
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A Cointegration Analysis of Agricultural, Energy and Bio-Fuel Spot and Futures Prices
Allen, David E.; Chang, Chia-Lin; McAleer, Michael; … - 2016
This paper features an analysis of the cointegration relationships among agricultural commodity, ethanol and Cushing … cointegration and Markov-switching VECM and Impulse Response Analysis, confirms that these markets have significant linkages which …
Persistent link: https://www.econbiz.de/10011526115
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The Impact of Financial Education for Youth in Ghana
Berry, James; Karlan, Dean; Pradhan, Menno - 2015
We evaluate, using a randomized trial, two school-based financial literacy education programs in government-run primary and junior high schools in Ghana. One program integrated financial and social education, whereas the second program only offered financial education. Both programs included a...
Persistent link: https://www.econbiz.de/10011288396
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Collective Labour Supply, Taxes, and Intrahousehold Allocation: An Empirical Approach
Bloemen, Hans - 2015
Most empirical studies of the impact of labour income taxation on the labour supply behaviour of households use a unitary modelling approach. In this paper we empirically analyze income taxation and the choice of working hours by combining the collective approach for household behaviour and the...
Persistent link: https://www.econbiz.de/10011403582
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The Effect of Skill Level on the Timing of Childbearing and Number of Children
Alders, Peter - 1998
This paper examines the effect of differences in ability on the timing and number ofchildren. Higher skilled women have less disutility of labor and have relatively lessutility of raising children. Motherhood has a negative effect on the accumulation ofhuman capital by learning-by-doing and...
Persistent link: https://www.econbiz.de/10010324508
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ICT and Substitution between Out-of-home and At-home Work; the Importance of Timing
de Graaff, Thomas; Rietveld, Piet - 2003
This paper investigates the determinants of at home and out-of-home labor supply in the Netherlands in the 199s, focusing on the presence of ICT technologies in households -in particular modempossession.To investigate these determinants, a sequential hurdle model is estimated where people first...
Persistent link: https://www.econbiz.de/10010324753
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On Taxation in a Two-Sector Endogenous Growth Model with Endogenous Labor Supply
de Hek, Paul A. - 2003
This paper examines the effects of taxation on long-run growthin a two-sector endogenous growth model with (i) physical capitalas an input in the education sector and (ii) leisure as anadditional argument in the utility function. The analysis of theeffects of taxation - including income...
Persistent link: https://www.econbiz.de/10010324760