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The conventional approach to comparing tax progression (using local measures, global measures or dominance relations for first moment distribution functions) often lacks applicability to the real world: local measures of tax progression have the disadvantage of ignoring the income distribution...
Persistent link: https://www.econbiz.de/10010301697
This paper investigates whether measuring consumption risk over long horizons can improve the empirical performance of the Consumption CAPM for size and value premia in international stock markets (US, UK, and Germany). In order to account for commonalities in size and book-tomarket sorted...
Persistent link: https://www.econbiz.de/10010302553
We use a unique, nationally representative cross-national dataset to document the reduction in individuals' usage of routine non-emergency medical care in the midst of the economic crisis. A substantially larger fraction of Americans have reduced medical care than have individuals in Great...
Persistent link: https://www.econbiz.de/10010303711
The popular Nelson-Siegel (1987) yield curve is routinely fit to cross sections of intra-country bond yields, and Diebold and Li (2006) have recently proposed a dynamized version. In this paper we extend Diebold-Li to a global context, modeling a potentially large set of country yield curves in...
Persistent link: https://www.econbiz.de/10010303750
Entwicklung sowie die aktuelle Anwendung und Diskussion der Methode in den USA, Großbritannien und Deutschland nachgezeichnet … Sozial- und Gesundheitswesens setzen die gesundheitspolitischen Akteure in Deutschland unter erheblichen Innovations- und …
Persistent link: https://www.econbiz.de/10010304981
We provide a method for distinguishing long-range dependence from deterministic trends such as structural breaks. The method is based on the comparison of standard log-periodogram regression estimation of the memory parameter with its tapered counterpart. The difference of these estimators...
Persistent link: https://www.econbiz.de/10010306228
Umsetzung von Gründungsvorhaben in Deutschland im internationalen Vergleich auf den hinteren Plätzen angesiedelt wurde, konnten … jedoch entkräftet werden. Weitere Verbesserungen, nicht nur in Deutschland, könnten durch als Informations- und … verfahrenstechnischen Empfehlungen der Europäischen Kommission besteht in Deutschland weiterer Nachholbedarf. …
Persistent link: https://www.econbiz.de/10010307406
SOEP for West Germany, and the PSID for the USA, a factor decomposition method described by Shorrocks (1982) is applied … contribution to overall inequality in relation to its share in disposable income. This applies to Germany and the USA in particular …
Persistent link: https://www.econbiz.de/10010324272
A major aim of recent empirical modelling of the business cycle isto identify the relative importance of aggregate supply and demandshocks. Supply or technology shocks are associated with permanent(structural) effects on economic activity whereas demand shocks arerelated to temporary (cyclical)...
Persistent link: https://www.econbiz.de/10010324404
We apply a recently proposed method to disentangle unobserved heterogeneity from risk in returns to education. We replicate the original study on US men and extend to US women, UK men and German men. Most original results are not robust. A college education cannot universally be considered an...
Persistent link: https://www.econbiz.de/10010325796