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Returns to Education in Europe – Detailed Results from a Harmonized Survey

Middendorf, Torge - 2008

We use the European Community Household Panel, a harmonized data set covering the countries of the European Union, to provide detailed estimates of the returns to education. Our results can be summarized as follows. Firstly, average returns to education have been mostly stable during the second...

Persistent link: https://www.econbiz.de/10010264735

Do Red Herrings Swim in Circles? – Controlling for the Endogeneity of Time to Death

Felder, Stefan; Werblow, Andreas; Zweifel, Peter - 2008

Studies on the effect of ageing on health care expenditures (HCE) have revealed the importance of controlling for time-to-death (TTD). These studies, however, are subject to possible endogeneity if HCE influences remaining life expectancy. This paper introduces a ten year observational period on...

Persistent link: https://www.econbiz.de/10010264741

Do Optional Deductibles Reduce the Number of Doctor Visits? – Empirical Evidence with German Data

Schmitz, Hendrik - 2008

Deductibles in health insurance are often regarded as a means to contain health care costs when individuals exhibit moral hazard. However, in the absence of moral hazard, voluntarily chosen deductibles may instead lead to self-selection into different insurance contracts. We use a set of new...

Persistent link: https://www.econbiz.de/10010264745

Trade-FDI Linkages in a System of Gravity Equations for German Regional Data

Mitze, Timo; Alecke, Björn; Untiedt, Gerhard - 2009

non-IV estimation (the system extension to the Fixed Effects Vector Decomposition model recently proposed by Plümper …

Persistent link: https://www.econbiz.de/10010264751

Tax Policy and CO2 Emissions – An Econometric Analysis of the German Automobile Market

Vance, Colin; Mehlin, Markus - 2009

In addition to efficiency standards and consumer information, car-related taxes constitute one of three pillars of the European Commission¿s strategy to reduce CO2 emissions from passenger cars. A longstanding question concerns the effectiveness of such taxes in determining the car-purchasing...

Persistent link: https://www.econbiz.de/10010264755

International R&D spillovers in transition countries: the impact of trade and foreign direct investment

Krammer, Marius Sorin - 2008

While the economic theory predicts that developing countries will gain the most from technology spillovers, there have been only a few analyses looking at this question empirically. The present study focuses on a panel of 27 transition and 20 Western European countries between 1990 and 2006 and...

Persistent link: https://www.econbiz.de/10010264898

Investor sentiment in the US-dollar: longer-term, nonlinear orientation on PPP

Menkhoff, Lukas; Rebitzky, Rafael R. - 2007

How is it possible that exchange rates move in the long run towards fundamentals, while professionals form consistently irrational exchange rate expectations? We look at this puzzle from a different perspective by analyzing investor sentiment in the US-dollar market. First, long-horizon...

Persistent link: https://www.econbiz.de/10010264930

The missing globalization puzzle: another explanation

Siliverstovs, Boriss; Schumacher, Dieter - 2007

This study suggests another explanation of the missing globalization puzzle typically observed in the empirical gravity models. In contrast to the previous research that focused on aggregated trade flows, we employ the trade flows in manufacturing products broken down by 25 three-digit ISIC...

Persistent link: https://www.econbiz.de/10010264976

Estimating gravity equations: to log or not to log?

Siliverstovs, Boriss; Schumacher, Dieter - 2007

) estimation procedure applied to the non-linear multiplicative specification of the gravity model. We use the trade flows for all …/or quantitative differences in the values of estimated coefficients as a result of application of an alternative estimation method …. Our main conclusion is that both estimation results as well as results of the regression misspecification tests provide …

Persistent link: https://www.econbiz.de/10010264979

Estimating fundamental cross-section dispersion from fixed event forecasts

Dovern, Jonas; Fritsche, Ulrich - 2008

forecasts: a moving average transformation of the underlying forecasts and estimation with constant forecast-horizon- effects …

Persistent link: https://www.econbiz.de/10010265008