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We bridge mathematical number theory with that of optimal control and show that a generalised Fibonacci sequence enters the control function of finite horizon dynamic optimisation problems with one state and one control variable. In particular, we show that the recursive expression describing...
Persistent link: https://www.econbiz.de/10009421257
Research on desistance from crime has paid little attention to parenthood as a “turning point”. In this paper, we use Norwegian register data on a population of men and women who had their first child between 1995 and 2001 (131,167 women and 127,415 men). We provide separate estimates for...
Persistent link: https://www.econbiz.de/10009421258
Standard economic theory provides clear guidance on the design of cost-efficient policy in the presence of imperfect markets and externalities. However, observed policies reveal extensive discrepancies between principles and practise. Based on interviews with core politicians from the Norwegian...
Persistent link: https://www.econbiz.de/10010678260
Asymmetric regulation of a global pollutant between countries can alter the competitiveness of industries and lead to emissions leakage. For most types of pollution, abatement technologies are available for firms to produce with lower emissions. However, the suppliers of those technologies tend...
Persistent link: https://www.econbiz.de/10010678261
The main objective of this paper is to estimate labour supply effects of an early retirement programme in Norway. Detailed administrative data are employed in order to characterize full paths towards retirement and account for substitution from other exit routes, such as unemployment and...
Persistent link: https://www.econbiz.de/10010678262
Using longitudinal register data, we first present updated descriptive statistics on the total population of same-sex registered partnerships and marriages formed 1993-2010. Second, we investigate the divorce risk of these couples through 2011 and expect to find that the changing composition of...
Persistent link: https://www.econbiz.de/10010678263
Models of labor supply derived from stochastic utility representations and discretized sets of feasible hours of work have gained popularity because they are more practical than standard approaches based on marginal calculus. In this paper we argue that practicality is not the only feature that...
Persistent link: https://www.econbiz.de/10010678264
Standard theory of intertemporal choice predicts that people smooth out life-cycle changes in income by borrowing and saving, such that their standard of living in any given year depends more on lifetime income than on that year’s income. Yet, contemporary empirical studies of income...
Persistent link: https://www.econbiz.de/10010678265
This paper is concerned with the problem of ranking and quantifying the extent of deprivation exhibited by multidimensional distributions, where the multiple attributes in which an individual can be deprived are represented by dichotomized variables. To this end we first aggregate deprivation...
Persistent link: https://www.econbiz.de/10010678266
Previous research shows a paradoxical simultaneity of egalitarian gender values and inegalitarian practices in Europe. The Socio-democratic welfare states stand out with the most coherent egalitarian value-practice configurations. With this as a point of departure we examine the coherencies and...
Persistent link: https://www.econbiz.de/10010678267