Search Results - subject:"Structural Estimation"

Trade Preferences and Bilateral Trade in Goods and Services: A Structural Approach

Egger, Peter; Larch, Mario; Staub, Kevin E - C.E.P.R. Discussion Papers - 2012

The large reduction in tariff rates worldwide under several rounds of the GATT is commonly credited with being one of the most notable economic policy accomplishments since World War II. However, the remarkable progress towards free trade of goods is unparalleled in trade with services where...

Persistent link: https://www.econbiz.de/10011083534

An evaluation of the life-cycle effects of minimum pensions on retirement behavior

Jiménez-Martín, Sergi; Sánchez, Alfonso R. - Department of Economics and Business, Universitat … - 2003

% larger. Keywords: Retirement, life cycle model, minimum pension, structural estimation. JEL Class: D91, J26, H55 ⁄This is an …¶anchez-Mart¶‡n (2004). Our structural estimation exercise is related to the econometric literature on retirement behavior. The state of the … with the structural estimation experiment. Firstly, we describe how to use the life cycle model as a data generating …

Persistent link: https://www.econbiz.de/10005704846

Consumer Durables and Risky Borrowing: the Effects of Bankruptcy Protection

Pavan, Marina - Department of Economics, Boston College - 2003

This paper estimates a dynamic model of durable and non-durable consumption choice and default behavior in an economy where risky borrowing is allowed and bankruptcy protection is regulated by law. I exploit the substantial difference in the generosity of bankruptcy exemptions across the U.S....

Persistent link: https://www.econbiz.de/10004968817

Wage bargaining with on-the-job search : theory and evidence

Cahuc, Pierre; Postel-Vinay, Fabien; Robin, Jean-Marc - Laboratoire d'Economie Appliquee, INRA - 2003

Persistent link: https://www.econbiz.de/10005085693

The Promises and Perils of Agent-Based Computational Economics

Richiardi, Matteo - Collegio Carlo Alberto, Università degli Studi di Torino - 2003

In this paper I review the main strengths and weaknesses of agent-based computational models. In particular I rationalise the main theoretical critiques, which point to the following problematic areas: (i) interpretation of the simulation dynamics, (ii) estimation of the simulation model, and...

Persistent link: https://www.econbiz.de/10005094035

Testing for Employee Discrimination Using Matched Employer-Employee Data: Theory and Evidence

Frijters, Paul; Shields, Michael A.; Theodoropoulos, … - 2003

In this paper, we directly test Becker?s theory of employee discrimination using matched worker-workplace data from Britain. Based on a structural model with individual and firm heterogeneity, we develop and test two predictions. Firstly, if white employees have a taste for discrimination they...

Persistent link: https://www.econbiz.de/10010261544

Do central banks respond to exchange rate movements? A structural investigation

Lubik, Thomas A.; Schorfheide, Frank - 2003

We estimate a small-scale, structural general equilibrium model of a small open economy using Bayesian methods. Our main focus is the conduct of monetary policy in Australia, Canada, New Zealand and the U.K., as measured by nominal interest rate rules. We consider generic Taylor-type rules,...

Persistent link: https://www.econbiz.de/10010293466

Testing for Employee Discrimination using Matched Employer-Employee Data: Theory and Evidence

Frijters, Paul; Shileds, Michael A; Theodoropoulos, Nikolaos - School of Economics and Finance, Business School - 2003

We use recent matched employer-employee data to directly investigate if white workers have a taste for racial discrimination in Britain. Based on a new structural model with individual and firm heterogeneity, we develop and test two predictions. Firstly, white employees with a taste for...

Persistent link: https://www.econbiz.de/10008694540

Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks

Mertens, Karel; Ravn, Morten Overgaard - In: Review of Economic Dynamics 14 (2011) 1, pp. 27-54

This paper evaluates the extent to which a DSGE model can account for the impact of tax policy shocks. We estimate the response of macroeconomic aggregates to anticipated and unanticipated tax shocks in the U.S. and find that unanticipated tax cuts have persistent expansionary effects on output,...

Persistent link: https://www.econbiz.de/10008466109

Chapter 4. The Structural Estimation of Behavioral Models: Discrete Choice Dynamic Programming Methods and Applications

Keane, Michael P.; Todd, Petra E.; Wolpin, Kenneth I. - In: Handbook of labor economics : volume 4, part A, (pp. 331-461). 2011

The purpose of this chapter is twofold: (1) to provide an accessible introduction to the methods of structural … estimation of discrete choice dynamic programming (DCDP) models and (2) to survey the contributions of applications of these …

Persistent link: https://www.econbiz.de/10014025129