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Econometric methods for research in education

Meghir, Costas; Rivkin, Steven - 2010

interpretation of the results. We start by considering the estimation of the returns to education both within the context of a …

Persistent link: https://www.econbiz.de/10010275725

Externality-correcting taxes and regulation

Christiansen, Vidar; Smith, Stephen - 2009

Much of the literature on externalities has considered taxes and direct regulation as alternative policy instruments. Both instruments may in practice be imperfect, reflecting informational deficiencies and other limitations. We analyse the use of taxes and regulation in combination, to control...

Persistent link: https://www.econbiz.de/10010275744

Earnings, consumption and lifecycle choices

Meghir, Costas; Pistaferri, Luigi - 2010

or the amount of information that consumers have are known and tests the implications of the theory. In general there is …

Persistent link: https://www.econbiz.de/10010275767

Unequal opportunities and human capital formation

Mejίa, Daniel; St-Pierre, Marc - 2005

This paper develops a tractable, heterogeneous agents general equilibrium model where individuals have different endowments of the factors that complement the schooling process. The paper explores the relationship between inequality of opportunities, inequality of outcomes, and efficiency in...

Persistent link: https://www.econbiz.de/10010275770

Computation of business cycle models : a comparison of numerical methods

Heer, Burkhard; Maußner, Alfred - 2004

We compare the numerical methods that are most widely applied in the computation of the standard business cycle model with flexible labor. The numerical techniques imply economically insignificant differences with regard to business cycle summary statistics except for the volatility of...

Persistent link: https://www.econbiz.de/10010275772

Transfers, non-traded goods, and unemployment : an analysis of the Keynes-Ohlin debate

Brakman, Steven; van Marrewijk, Charles - 2005

In the famous debate between Keynes and Ohlin on the transfer problem, the interaction between non-traded goods and unemployment complicates the analysis considerably. We analyze these issues using four different models to conclude that Keynes's concern regarding the large burden imposed on...

Persistent link: https://www.econbiz.de/10010275773

Simulation and Estimation of Hedonic Models

Heckman, James Joseph; Matzkin, Rosa Liliana; Nesheim, Lars - 2003

semiparametric estimation and identification of scalar additive hedonic models (Ekeland, Heckman, and Nesheim, 2002) and scalar … provide evidence on the performance of several estimation techniques. We also simulate examples of equilibria in nonadditive … models and provide evidence on the performance of the nonadditive estimation techniques developed in Heckman, Matzkin, and …

Persistent link: https://www.econbiz.de/10010275775

Agglomeration and aid

Brakman, Steven; Garretsen, Harry; van Marrewijk, Charles - 2006

A key issue in development economics is the explanation of core-periphery patterns around the world. Combining this issue with that of analyzing unilateral transfers (e.g. foreign aid) points in the direction of the use of New Economic Geography (NEG) models which, so far, has not been done...

Persistent link: https://www.econbiz.de/10010275792

Inflation and output dynamics in a model with labor market search and capital accumulation

Heer, Burkhard; Maußner, Alfred - 2007

In a sticky-price model with labor market search and habit persistence, Walsh (2005) shows that inertia in the interest rate policy helps to reconcile the inflation and output persistence with empirical observations for the US economy. We show that this finding is sensitive with regard to the...

Persistent link: https://www.econbiz.de/10010275797

Value function iteration as a solution method for the Ramsey model

Heer, Burkhard; Maußner, Alfred - 2008

Value function iteration is one of the standard tools for the solution of the Ramsey model. We compare six different ways of value function iteration with regard to speed and precision. We find that value function iteration with cubic spline interpolation between grid points dominates the other...

Persistent link: https://www.econbiz.de/10010275799