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An Analysis of the Medicare Prescription Drug Benefit

Claudio, Lucarelli - 2006

Medicare has recently experienced the largest expansion of benefits since its in- ception: the inclusion of prescription drug coverage under the Medicare Prescription Drug, Improvement and Modernization Act of 2003. The policy debate has mainly focused on estimating the cost of implementing the...

Persistent link: https://www.econbiz.de/10009438528

CCP Estimation of Dynamic Discrete Choice Models with Unobserved Heterogeneity

Arcidiacono, Peter; Miller, Robert A - 2008

We adapt the Expectation-Maximization (EM) algorithm to incorporate unobserved hetero- geneity into conditional choice probability (CCP) estimators of dynamic discrete choice problems. The unobserved heterogeneity can be time-invariant, fully transitory, or follow a Markov chain. By exploiting...

Persistent link: https://www.econbiz.de/10009441098

Congestion Pricing in an Internet Market

Canals-Cerda, Jose - University of Colorado at Boulder - 2005

This paper analyzes a unique dataset of art auctions on eBay. We studythe behavior of buyers and sellers, demand and supply, by means of anovel structural estimation approach. Our empirical framework considersthe process of arrival of new bidders as well as the distribution ofbidder valuations...

Persistent link: https://www.econbiz.de/10009435085

Financial frictions and the wealth distribution

Fernández-Villaverde, Jesús; Hurtado López, Samuel; … - 2020

We postulate a nonlinear DSGE model with a financial sector and heterogeneous households. In our model, the interaction between the supply of bonds by the financial sector and the precautionary demand for bonds by households produces significant endogenous aggregate risk. This risk induces an...

Persistent link: https://www.econbiz.de/10012524850

Marginal tax changes with risky investment

Macnamara, Patrick; Pidkuyko, Myroslav; Rossi, Raffaele - 2021

Este trabajo utiliza un modelo de ciclo de vida para cuantificar el rol de la heterogeneidad en los rendimientos de las inversiones en la respuesta económica de unos cambios impositivos marginales. En este modelo, los agentes que son suficientemente productivos pueden obtener rendimientos más...

Persistent link: https://www.econbiz.de/10012526551

Asset Allocation for Retirement: Simple Heuristics and Target-Date Funds

Dolvin, Steven D; Templeton, William K.; Rieber, William - 2010

We examine common asset allocation strategies for retirement investing, considering both static and dynamic approaches … their clients until approximately 10 years prior to a client's retirement, at which point a more conservative allocation …

Persistent link: https://www.econbiz.de/10009462179

Retirement behaviour and retirement incentives in Spain

Vegas Sánchez, Raquel; Argimón Maza, Isabel; Botella … - 2009

In this paper we analyse the role that Social Security wealth and incentives play in the transition to retirement in … at old age and investigate the role played by such incentives and by other socio-economic variables on the retirement … stricter in general. We carry out a dynamic reduced-form analysis of the retirement decision using a duration model. Our …

Persistent link: https://www.econbiz.de/10012530258

A day with Peter F. Drucker, volume V, tape 1

Drucker, Peter F. (Peter Ferdinand) - 1988

of the work itself. During his lecture, he talks about: accounting tools, Fiat car designers, Japan and retirement …

Persistent link: https://www.econbiz.de/10009429635