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We develop a novel approach integrating epidemiological and economic models that allows databased simulations during a pandemic. We examine the economically optimal opening strategy that can be reconciled with the containment of a pandemic. The empirical evidence is based on data from Germany...
Persistent link: https://www.econbiz.de/10012887594
We develop a novel approach integrating epidemiological and economic models that allows databased simulations during a pandemic. We examine the economically optimal opening strategy that can be reconciled with the containment of a pandemic. The empirical evidence is based on data from Germany...
Persistent link: https://www.econbiz.de/10012886567
increases labor supply elasticities by up to 100 percent. As a consequence, we propose a new estimation strategy which overcomes …
Persistent link: https://www.econbiz.de/10010340999
other important features: observation period and estimation method. We start with a thorough survey of existing evidence for …-analysis attempts to disentangle the role of time changes and estimation methods. We highlight the key role of time changes, documenting … find no compelling evidence that the choice of estimation method explains variation in elasticity estimates. From our …
Persistent link: https://www.econbiz.de/10011664186
that results are very sensitive to the treatment of hourly wages in the estimation. For example, different (sensible …
Persistent link: https://www.econbiz.de/10011820320
that results are very sensitive to the treatment of hourly wages in the estimation. For example, different (sensible …
Persistent link: https://www.econbiz.de/10011813227
between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests …
Persistent link: https://www.econbiz.de/10010379275
between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests …
Persistent link: https://www.econbiz.de/10010380515
between preferences and wages is key. To overcome this restriction, we propose a flexible estimation strategy that nests …
Persistent link: https://www.econbiz.de/10010366933
results are very sensitive to the treatment of hourly wages in the estimation. For example, different (sensible) choices …
Persistent link: https://www.econbiz.de/10012923202