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Accounting for the racial property crime gap in the US: A quantitative equilibrium analysis
Cozzi, Marco - 2010
equilibrium model is developed, exploiting these facts to quantitatively assess the race crime gap, that is the difference in … model captures well relevant dimensions of the crime phenomenon, such as the inmates composition by race, employment status …
Persistent link: https://www.econbiz.de/10010290336
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Black-White Labour Market Conditions and Property Crime in the US: A Quantitative Analysis
Cozzi, Marco - Society for Computational Economics - SCE - 2005
crime for black than for white males. In 1996, for example, the property crimes arrest rate by race (per 1.000 people) was … agents to be heterogeneous along four dimensions: race (synthesised by the labour market opportunities), education … racial groups. The model is in turn used both to understand to what extent the patterns in the race wage differentials can …
Persistent link: https://www.econbiz.de/10005706333
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Risk aversion heterogeneity, risky jobs and wealth inequality
Cozzi, Marco - 2011
This paper considers the macroeconomic implications of a set of empirical studies finding a high degree of dispersion in preference heterogeneity. It develops a model with both uninsurable idiosyncratic income risk and risk aversion heterogeneity to quantify their effects on wealth inequality....
Persistent link: https://www.econbiz.de/10009683671
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Risk aversion heterogeneity, risky jobs and wealth inequality
Cozzi, Marco - 2011
This paper considers the macroeconomic implications of a set of empirical studies finding a high degree of dispersion in preference heterogeneity. It develops a model with both uninsurable idiosyncratic income risk and risk aversion heterogeneity to quantify their effects on wealth inequality....
Persistent link: https://www.econbiz.de/10010290401
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Risk Aversion Heterogeneity, Risky Jobs and Wealth Inequality
Cozzi, Marco - Economics Department, Queen's University - 2012
This paper considers the macroeconomic implications of a set of empirical studies finding a high degree of dispersion in preferences for risk. It develops a model with risk aversion heterogeneity, uninsurable idiosyncratic income risk, and (with or without) self-selection into risky jobs to...
Persistent link: https://www.econbiz.de/10009399703
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Accounting for the racial property crime gap in the US : a quantitative equilibrium analysis
Cozzi, Marco - 2010
equilibrium model is developed, exploiting these facts to quantitatively assess the race crime gap, that is the difference in … model captures well relevant dimensions of the crime phenomenon, such as the inmates composition by race, employment status … Markets ; Race ; Wealth Inequality …
Persistent link: https://www.econbiz.de/10003951079
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Precautionary savings and wealth inequality: A global sensitivity analysis
Cozzi, Marco - 2011
This paper applies Canova JAE 1994 methodology to perform a thorough sensitivity analysis for the Aiyagari QJE 1994 economy. This is a calibrated GE model with incomplete markets and uninsurable income risk, designed to quantify the size of precautionary savings and the degree of wealth...
Persistent link: https://www.econbiz.de/10010290327
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Optimal unemployment insurance in GE: A robust calibration approach
Cozzi, Marco - 2011
This paper implements a simple Bayesian approach to quantitatively study the Hansen and Imrohoroglu (1992) economy, a calibrated GE model with uninsurable employment risk, designed to assess the optimal replacement rate for a public Unemployment Insurance scheme. The results of this sensitivity...
Persistent link: https://www.econbiz.de/10010290350
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Optimal Unemployment Insurance in GE: a RobustCalibration Approach
Cozzi, Marco - Economics Department, Queen's University - 2011
This paper implements a simple Monte Carlo calibration approach to quantitatively study the Hansen and Imrohoroglu (1992) economy, a GE model with uninsurable employment risk, designed to assess the optimal replacement rate for a public Unemployment Insurance scheme. The results of this...
Persistent link: https://www.econbiz.de/10009275684
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Precautionary Savings and Wealth Inequality: a Global Sensitivity Analysis
Cozzi, Marco - Economics Department, Queen's University - 2011
This paper applies Canova JAE 1994 methodology to perform a thorough sensitivity analysis for the Aiyagari QJE 1994 economy. This is a calibrated GE model with incomplete markets and uninsurable income risk, designed to quantify the size of precautionary savings and the degree of wealth...
Persistent link: https://www.econbiz.de/10009144936