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Individual versus Aggregate Income Elasticities for Heterogeneous Populations
Paluch, Michal; Kneip, Alois; Hildenbrand, Werner - 2007
mean of individual elasticities. The difference depends on the heterogeneity of the population and is quantified by a …
Persistent link: https://www.econbiz.de/10010264907
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The representative agent bias in cost of living indices
Bandyopadhyay, Sutirtha; Ramaswami, Bharat - In: Bulletin of economic research 74 (2022) 1, pp. 155-178
Persistent link: https://www.econbiz.de/10012819304
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Macroeconomic conditions and health in Britain : aggregation, dynamics and local area heterogeneity
Janke, Katharina; Lee, Kevin; Propper, Carol; Shields, … - 2020
. Chronic health conditions therefore increase in poor economic times. There is considerable spatial heterogeneity across local …
Persistent link: https://www.econbiz.de/10012198316
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Aggregation and convergence in experimental general equilibrium economies constructed from naturally occurring preferences
Crockett, Sean; Friedman, Daniel; Oprea, Ryan - 2017
heterogeneity in revealed preferences.) Actual trade in the constructed economies using a tatonnement market institution closely …
Persistent link: https://www.econbiz.de/10011758295
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Macroeconomic conditions and health in Britain : aggregation, dynamics and local area heterogeneity
Janke, Katharina; Lee, Kevin; Propper, Carol; Shields, … - 2020
Persistent link: https://www.econbiz.de/10012215785
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The labor-supply elasticity and borrowing constraints: Why estimates are biased
Domeij, David; Flodén, Martin - 2001
The labor-supply elasticity is a central element in many macroeconomic models. We argue that assumptions underlying previous econometric estimates of the intertemporal labor supply elasticity are inconsistent with incomplete markets economies. In particular, if the econometrician ignores...
Persistent link: https://www.econbiz.de/10010281242
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The labor-supply elasticity and borrowing constraints : why estimates are biased
Domeij, David (contributor); Flodén, Martin (contributor) - 2001 - [Elektronische Ressource]
The labor-supply elasticity is a central element in many macroeconomic models. We argue that assumptions underlying previous econometric estimates of the intertemporal labor supply elasticity are inconsistent with incomplete markets economies. In particular, if the econometrician ignores...
Persistent link: https://www.econbiz.de/10001626699
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Incorporating responsiveness to marketing efforts in brand choice modeling
Fok, Dennis; Paap, Richard; Franses, Philip Hans - In: Econometrics : open access journal 2 (2014) 1, pp. 20-44
We put forward a brand choice model with unobserved heterogeneity that concerns responsiveness to marketing efforts. We … choice models that account for various forms of heterogeneity for three different datasets, we find better face validity for …
Persistent link: https://www.econbiz.de/10010336207
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A Simple Solution to the Identification Problem in Detailed Wage Decompositions
Yun, Myeong-Su - 2003
Oaxaca and Ransom (1999) show that a detailed decomposition of the coefficients effect is destined to suffer from an identification problem since the detailed coefficients effect attributed to a dummy variable is not invariant to the choice of reference groups. It turns out that the...
Persistent link: https://www.econbiz.de/10010261567
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A Simple Solution to the Identification Problem in Detailed Wage Decompositions
Yun, Myeong-Su - 2021
Oaxaca and Ransom (1999) show that a detailed decomposition of the coefficients effect is destined to suffer from an identification problem since the detailed coefficients effect attributed to a dummy variable is not invariant to the choice of reference groups. It turns out that the...
Persistent link: https://www.econbiz.de/10013319818