Showing 1 - 10 of 20,454
Persistent link: https://www.econbiz.de/10001517805
The way imperfect information can lead to market failure provides great learning opportunities for students, where they see how the price mechanism can fail under a multiperiod setting. In this paper, we modify Hodgson (2014) to incorporate risk aversion in a classroom experiment about...
Persistent link: https://www.econbiz.de/10013234857
, falling fertility has caused migration rates that used to generate growth to instead result in decline. When we simulate … county populations from 1970 to the present holding fertility at its initial level, only 10 percent of counties decline …
Persistent link: https://www.econbiz.de/10015084242
This contribution proposes a simulation approach for the indirect estimation of age-specific fertility rates (ASFRs …) and the total fertility rate (TFR) for Germany via time series modeling of the principal components of the ASFRs. The … probability of 75%. Based on this result, it is unlikely that the fertility level will fall back to its extremely low levels of …
Persistent link: https://www.econbiz.de/10011860247
extensive simulation study that examines the performance of commonly used information criteria in a mixture regression context …
Persistent link: https://www.econbiz.de/10009418832
This paper assesses the accuracy of decomposing income risk into permanent and transitory components using income and consumption data. We develop a specific approximation to the optimal consumption growth rule and use Monte Carlo evidence to show that this approximation can provide a robust...
Persistent link: https://www.econbiz.de/10010292985
The main goal of this paper is to better understand the behavior of credit spreads in the past and the potential risk of unexpected future credit spread changes. One important consideration to note regarding credit spreads is the fact that bond spreads contain a liquidity premium, which...
Persistent link: https://www.econbiz.de/10013105185
extensive simulation study that examines the performance of commonly used information criteria in a mixture regression context …
Persistent link: https://www.econbiz.de/10010441542
In this paper we compare two non-stationary time series using non-parametric procedures. Evolutionary spectra are estimated for the two series. Randomization tests are performed on groups of spectral estimates for both related and independent time series. Simul ation studies show that in certain...
Persistent link: https://www.econbiz.de/10005427643
This paper considers the case for universal child allowances in Ghana. It follows findings from an earlier study of 14 … middle income countries that examined optimal approaches to reduce child poverty using universal categorical child allowances …. The paper describes the demographic profiles that will influence the impact of a universal child allowance: 67 per cent of …
Persistent link: https://www.econbiz.de/10011938175