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We estimate the elasticity of charitable giving with respect to price and income changes using a rich panel of income tax returns covering the period 2001 to 2006. Employing censored quantile regression and exploiting the panel structure, the advantage of our analysis is twofold: First, we...
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Building on Prospect Theory, we apply the concept of loss aversion to the formation of inflation perceptions and test … the assumption of loss aversion, inflation changes above a certain reference rate will be perceived more strongly …. Rejecting rationality of inflation perceptions in general under symmetric loss and in a majority of cases under flexible loss …
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) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has …
Persistent link: https://www.econbiz.de/10003883175
) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has …
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