Showing 1 - 10 of 98
By 1989 the Michigan Panel Study on Income Dynamics (PSID) had experienced approximately 50 percent sample loss from cumulative attrition from its initial 1968 membership. We study the effect of this attrition on the unconditional distributions of several socioeconomic variables and on the...
Persistent link: https://www.econbiz.de/10004968793
Persistent link: https://www.econbiz.de/10004968809
This paper highlights the role of takeover defenses in the acquisition process. If managerial defensive effort is fixed, the unregulated level of takeover activity is lower than socially desirable since shareholders regard the financial incentives given to raiders to stimulate takeover activity...
Persistent link: https://www.econbiz.de/10004968812
We test for the motivation for private inter-household transfers of income by modeling transfer behavior under two alternative hypotheses: altruistic and exchange-motivated transfers. Knowing the underlying motivation for private income transfers is important because such motivation determines...
Persistent link: https://www.econbiz.de/10004968814
This paper tests for the motives for private income transfers. We consider two motives: altruism and exchange. The question of private transfer motives is important because such motivation can influence the effects of public income transfers on the distribution of income. Using a household...
Persistent link: https://www.econbiz.de/10004968818
According to the standard model of urban traffic congestion and urban spatial structure, congestion tolling results in a more concentrated city. In recent years, a new model of rush hour urban auto congestion has been developed which incorporates trip-timing decisions: the bottleneck model. In...
Persistent link: https://www.econbiz.de/10004968836
This paper explores the liquidity constraint on consumer liabilities. While much empirical evidence attests to the importance of liquidity constraints in the U.S. economy, evidence about the effects of borrowing constraints on consumer balance sheets is scarce. Using the 1983 Survey of Consumer...
Persistent link: https://www.econbiz.de/10004968841
This paper tests for the motives for private income transfers. We consider two motives: altruism and exchange. The question of private-transfer motives is important because such motivation can influence the effects of public income transfers on the distribution of income. Using a household...
Persistent link: https://www.econbiz.de/10004968851
Despite recent advances in data collection and the growing number of empirical studies that examine private intergenerational transfers, there still exist significant gaps in our knowledge. Who transfers what to whom, and why do they it? I argue that some of these gaps could be filled by...
Persistent link: https://www.econbiz.de/10004968853
This paper establishes stochastic equicontinuity for classes of mixingales. Attention is restricted to Lipschitz-continuous parametric functions. Unlike some other empirical process theory for dependent data, our results do not require bounded functions, stationary processes, or restrictive...
Persistent link: https://www.econbiz.de/10004968854