Population aging and changing family patterns have made elder care an important issue. In 1994, German law-makers enacted a major reform in the country' s long-term care policy, the Dependency Insurance Act (DIA). How, and in what way, will the relative use of formal and informal long-term care...

The finite-sample coverage properties of confidence intervals based on penalized maximum likelihood estimators like the LASSO, adaptive LASSO, and hard-thresholding are analyzed. It is shown that symmetric intervals are the shortest. The length of the shortest intervals based on the...

In der gesetzlichen Krankenversicherung (GKV) müssen einige Versicherte einen geringeren, andere einen höheren als den versicherungstechnisch äquivalenten Beitrag entrichten. Die dadurch bewirkte Umverteilung wird in der Sozialpolitik als sozialer Ausgleich bezeichnet. Der Beitrag entwickelt...

Annual, before-tax income is the most common official statistic used to measure economic well-being and therefore underlies the design of most anti-poverty programs or other redistributive economic policies. Notwithstanding, extended income measures as well as consumption based measures are...

Population aging and changing family patterns have made elder care an important issue. In 1994, German law-makers enacted a major reform in the country' s long-term care policy, the Dependency Insurance Act (DIA). How, and in what way, will the relative use of formal and informal long-term care...

In this article we add to the literature analyzing wages in the nonprofit sector by estimating a wage function based on employer-employee matched data for Austria. We concentrate on the influence of voluntary contributions on the wage level of paid workers. By using a quantile regression...

We study the distribution of hard-, soft-, and adaptive soft-thresholding estimators within a linear regression model where the number of parameters k can depend on sample size n and may diverge with n. In addition to the case of known error-variance, we define and study versions of the...

Existing research in labor economics has rarely accounted for non-profit status in examining wage dispersion. Contrariwise, in non-profit sector research, little has been said so far about (intra-organizational) wage dispersion. Scattered findings from previous work indicate that wage dispersion...

This study examines eldercare in private households and the employment behaviour of female caregivers in Europe. Based on the first three waves of the European Community Household Panel we estimate probit-models to analyse the probability of caregiving and we use a simplified...

This paper uses the adaptive LASSO estimator to determine the variables important for economic growth. The adaptive LASSO estimator is a computationally very simple procedure that performs at the same time both consistent parameter estimation and model selection. The methodology is applied to...