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A heterogeneity analysis of the Bolsa Família Programme effect on men and women's work supply

Teixeira, Clarissa Gondim - 2010

This article analyses the impact of the Programa Bolsa Família (PBF), Brazil's Conditional Cash Transfer Programme), by way of an income shock on the labour supply of beneficiaries as measured by probability of working and number of weekly hours worked by both men and women. Bolsa Família...

Persistent link: https://www.econbiz.de/10010293288

Estimating a semi-parametric duration model without specifying heterogeneity

Hausman, Jerry A.; Woutersen, Tiemen M. - 2005

This paper presents a new estimator for the mixed proportional hazard model that allows for a nonparametric baseline hazard and time-varying regressors. In particular, this paper allows for discrete measurement of the durations as happens often in practice. The integrated baseline hazard and all...

Persistent link: https://www.econbiz.de/10010293475

The ambiguity triangle: Uncovering fundamental patterns of behavior under uncertainty

Burghart, Daniel R.; Epper, Thomas; Fehr, Ernst - 2015

test for a constant ambiguity attitude. Yet, among these 60% of subjects there is substantial preference heterogeneity. We … characterize this heterogeneity with finite-mixture estimates of a one-parameter extension of Expected Utility Theory wherein 48 … preference heterogeneity for these subjects. We show that for a substantial share of these subjects (43%) their fanning-in is so …

Persistent link: https://www.econbiz.de/10011420561

A Model of Union Formation

Westermark, Andreas - 1999

changes in heterogeneity, e.g. increased demand for skilled labor, are also analyzed. In the most reasonable setup, a change … in heterogeneity does not affect the decision whether to form a union or not. This contrasts with the result in Jun (1989). …

Persistent link: https://www.econbiz.de/10010321711

Heterogeneous convergence

Young, Andrew T.; Higgins, Matthew J.; Levy, Daniel - 2013

We use U.S. county-level data to estimate convergence rates for 22 individual states. We find significant heterogeneity …

Persistent link: https://www.econbiz.de/10010335973

Group specific public goods, orchestration of interest groups and free riding

Epstein, Gil S.; Mealem, Yosef - 2009

We consider a two group contest over a group specific public good where each member of a group has a different benefit from the good. Our model can be interpreted in two ways: Each of the players has a non-linear investment cost in the contest, or alternatively, the returns to effort are...

Persistent link: https://www.econbiz.de/10010336001

Bubbles and Leverage: A simple and unified approach

Barsky, Robert; Bogusz, Theodore - 2013

In this paper, we lay out a simple framework that captures much of what the theoretical literature has to say about the role of credit in systemically important asset booms and busts. In addition, we suggest ways in which to incorporate physical investment in the bubble asset as well as monetary...

Persistent link: https://www.econbiz.de/10010352177

Mental capabilities, trading styles, and asset market bubbles: Theory and experiment

Hefti, Andreas; Heinke, Steve; Schneider, Frédéric - 2016

We propose that heterogeneous asset trading behavior is the result of two distinct, non-convertible mental dimensions: analytical ("quantitative") capability and mentalizing ("perspective-taking") capability. We develop a framework of mental capabilities that yields testable predictions about...

Persistent link: https://www.econbiz.de/10011663193

Distributional comparative statics with heterogeneous agents

Hefti, Andreas - 2016

We propose a formal way to systematically study the differential effects of exogenous shocks in economic models with heterogeneous agents. Our setting applies to models that can be rephrased as "competition for market shares" in a broad sense. We show that even in presence of any number of...

Persistent link: https://www.econbiz.de/10011663196

Cognitive sophistication and deliberation times

Alós-Ferrer, Carlos; Buckenmaier, Johannes - 2018

Behavioral heterogeneity arising from cognitive differences among economic agents plays a fundamental role in the … economy. To explain this heterogeneity, models of iterative thinking assume that certain choices indicate higher cognitive …

Persistent link: https://www.econbiz.de/10011969203