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In a model where consumers have quasi-hyperbolic preferences, we compare immediate subsidies paid for health-conscious consumption and future subsidies rewarding good health outcome. We characterize the subsidy rates which implement the unbiased choice. These rates differ because of two...
Persistent link: https://www.econbiz.de/10011420788
Using Gretl, I apply ARMA, Vector ARMA, VAR, state-space model with a Kalman filter, transfer-function and intervention models, unit root tests, cointegration test, volatility models (ARCH, GARCH, ARCH-M, GARCH-M, Taylor-Schwert GARCH, GJR, TARCH, NARCH, APARCH, EGARCH) to analyze quarterly time...
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We theoretically show that there is a fundamental disconnect be- tween the disposition effect, i.e., investors’ tendency to sell winning assets too early and losing assets too late, and its common empirical measure, namely a positive difference between the proportion of gains and losses re-...
Persistent link: https://www.econbiz.de/10012648374
How does the generosity of social insurance coverage affect demand for healthcare and health outcomes of elderly people? This paper examines the effects of insurance coverage on long-term care (LTC) utilization and its health consequences using novel administrative data of the public long-term...
Persistent link: https://www.econbiz.de/10012849885
This paper examine the relation from remittances and trade to economic growth. Study applied time series econometric techniques; unit root, co-integration and error correction mechanism (ECM) to examine long-run and short-run association between dependent and independent variables during the...
Persistent link: https://www.econbiz.de/10012846145
Knowing whether corruption leads to higher emigration rates - and among which groups - is important because most labor … emigration is from developing to developed countries. If corruption leads highly-skilled and highlyeducated workers to leave … unemployment, lowering the returns to human capital and encouraging further emigration. Corruption also shifts public spending from …
Persistent link: https://www.econbiz.de/10011433619