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We extend the canonical income process with persistent and transitory risk to shock distributions with left-skewness and excess kurtosis, to which we refer as higher-order risk. We estimate our extended income process by GMM for household data from the United States. We find countercyclical...
Persistent link: https://www.econbiz.de/10012216808
This paper examines the impact of outdoor and indoor pollution on children's health from birth until the age of three …. Secondly, we are able to follow the effect of pollution exposure on a child's health during the first three years of life … significantly negative impact for some pollutants on infant health during early childhood. In comparison to outdoor pollution …
Persistent link: https://www.econbiz.de/10010302999
In an a priori view, it is usually assumed that the business cycle of manufacturing industries leads the business cycle of the service sector. This seems to be even more plausible for the relationship between business-related services, whose high growth rates in recent years were largely due to...
Persistent link: https://www.econbiz.de/10010297661
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10010307846
The prevalence and importance of children's physical health problems have been increasingly recognized in recent years …. Physical health problems of children such as obesity, motor impairment and chronic diseases cause social costs. Further, they … can lead directly to adult physical health problems, which cause additional social costs. This paper examines the …
Persistent link: https://www.econbiz.de/10010298650
This paper examines the impact of outdoor and indoor pollution on children's health from birth until the age of three …. Secondly, we are able to follow the effect of pollution exposure on a child's health during the first three years of life … significantly negative impact for some pollutants on infant health during early childhood. In comparison to outdoor pollution …
Persistent link: https://www.econbiz.de/10008756439
Self-productivity is a crucial feature in the process of skill formation. It means that skills and health acquired at … one stage in the life cycle enhance skills and health formation at later stages. This paper presents an empirical … over time. A one percent increase in birth weight increase child's noncognitive skills by 0.34 percent and child's health …
Persistent link: https://www.econbiz.de/10010297940
Self-productivity is a crucial feature in the process of skill formation. It means that skills and health acquired at … one stage in the life cycle enhance skills and health formation at later stages. This paper presents an empirical … over time. A one percent increase in birth weight increase child's noncognitive skills by 0.34 percent and child's health …
Persistent link: https://www.econbiz.de/10010297944
In this paper, we examine how parental health affects children's development of personality traits and problem behavior …. Based on a German mother-and-child data base, we draw on observed parental health shocks as a more exogenous source of … health variation to identify these effects and control for child and family characteristics including variables reflecting …
Persistent link: https://www.econbiz.de/10010306004
This paper provides non-parametric estimates of the relation between nutrient intake and age for Czechoslovak individuals, as a function of characteristics of both the individual and the household she lives in, on the basis of household purchases. Results show no significant difference between...
Persistent link: https://www.econbiz.de/10010297727