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-classical equilibrium theory. The fourth approach takes an intermediate position, since spill-over on segmented loan markets reveals a …
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In recent years microsimulation models (MSMs) have been increasingly applied in quantitative analyses of the individual impacts of economic and social programme policies. The suitability of using microsimulation as an instrument to analyze main and side policy impacts at the individual level...
Persistent link: https://www.econbiz.de/10009667630
Equivalence scales are a prerequisite for any economic well-being comparison with measures on income distribution, inequality and poverty. This paper provides equivalence scales based on revealed preference consumption microdata for West Germany 1983. It is a part of a joint US and German...
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Applied econometrics has recently emphasized the identification of causal parameters for policy analysis. This revolution has yet to fully propagate to the field of regional science. We examine the scope for application of the matching approach – part of the modern applied econometrics toolkit...
Persistent link: https://www.econbiz.de/10009669444
The classical Heckman (1976, 1979) selection correction estimator (heckit) is misspecified and inconsistent if an interaction of the outcome variable and an explanatory variable matters for selection. To address this specification problem, a full information maximum likelihood estimator and a...
Persistent link: https://www.econbiz.de/10009669647
The method of inverse sampling probabilities is adopted to calculate weights for a household panel. The method generates longitudinal as well as cross-sectional weights, which reflect the subsequent sampling stages of the panel and the different possibilities of households to enter the panel.
Persistent link: https://www.econbiz.de/10010224888
Panel attrition has not only the potential to bias population estimates but it may also inflate the variance of the estimates from panel surveys. Thus it is essential for an ongoing panel survey to monitor not only the size of the panel attrition and the potential biases that may occur but also...
Persistent link: https://www.econbiz.de/10010224890