Showing 1 - 10 of 161
In the literature on electoral politics full convergence of policy platforms is usually regarded as socially optimal. Thereason is that risk-averse voters prefer a sure middle-of-the-road policy to a lottery of two extremes with the sameexpectation. In this paper we study the normative...
Persistent link: https://www.econbiz.de/10010324797
and implement public policies, we show that examination takes place in spite of, rather than thanks to, elections …. Elections are needed as a carrot and a stick to motivate politicians, yet politicians who are overly interested in re …
Persistent link: https://www.econbiz.de/10010324884
elections (exogenous elections) andthe decision is salient and the election outcome depends on it (endogenous elections).We show …. Furthermore, in contrast to the existing literature, wedemonstrate that, when elections are exogenous, polarization between … political parties does not always decreaseactive learning. In the case with endogenous elections we find that electoral concerns …
Persistent link: https://www.econbiz.de/10010325052
Over 150 countries allow expatriate citizens to vote in their country of origin. Yet, little is known about their voting behavior and how this is affected by host countries. Using unique micro-data on Chilean expatriates living in Europe, we study how the host country's turnout affects...
Persistent link: https://www.econbiz.de/10012797245
the release of information? Using Brazilian elections and audits as an exogenous source of information, I show that both … competitiveness of elections and, therefore, candidates' spending. Only information disclosed prior to electoral campaigns impacts …
Persistent link: https://www.econbiz.de/10012606015
We investigate whether US households possess advance information about their future income and what this means for consumption insurance. Based on insights from a theoretical model, we propose a new test to detect advance information, which requires only panel data on consumption and income....
Persistent link: https://www.econbiz.de/10013356488
This paper uses housing returns to estimate the elasticity of intertemporal substitution (EIS) in consumption for fifteen advanced economies over the postwar period 1950-2015. As housing is the main asset for the majority of households, returns on housing are better suited to estimate the EIS...
Persistent link: https://www.econbiz.de/10013356500
This paper introduces a new estimator for the fixed effects dynamic panel data model withexogenous variables. This estimator does not share some of the drawbacks of recently developed IVand GMM estimators and has a good performance even in small samples. The nearly unbiased estimatoris derived...
Persistent link: https://www.econbiz.de/10010324980
To study the effect of the euro on international goods trade one typically estimates a panel model for the level of trade. Trade levels increase over time, and we show that this is not fully explained by the included regressors. Because the euro is only present at the end of the sample, this may...
Persistent link: https://www.econbiz.de/10010324985
With panel data important issues can be resolved that can not beaddressed with cross--sectional data. A major drawback is that paneldata suffer from more severe missing data problems. Adding a sampleconsisting of new units randomly drawn from the original populationas replacements for units who...
Persistent link: https://www.econbiz.de/10010325629