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In this paper R2-type measures of the explanatory power of multivariate linear and categorical probit models proposed in the literature are reviewed and their deficiencies are discussed. It is argued that a measure of the explanatory power should take into account the components which are...
Persistent link: https://www.econbiz.de/10004963825
We propose a generalized estimating equations approach to the analysis of the mean and the covariance structure of a bivariate time series process of panel data with mixed continuous and discrete dependent variables. The approach is used to jointly analyze wage dynamics and the incidence of...
Persistent link: https://www.econbiz.de/10005068845
We model the dynamics of social assistance benefit receipt in Britain using data from the British Household Panel Survey, waves 1-15. First, we discuss definitions of social assistance benefit receipt, and present information about the trends between 1991 and 2005 in the receipt of social...
Persistent link: https://www.econbiz.de/10005069090
This study analyzes the mobility between three labor market states: working in low paid jobs, working in higher paid jobs and not working. Using German panel data I estimate dynamic multinomial logit panel data models with random effects taking the initial conditions problem and potential...
Persistent link: https://www.econbiz.de/10005069104
Persistent link: https://www.econbiz.de/10003218185
capital flows to emerging markets, Pensions, Savings and Capital Flows will inform policy and academic debates on financial …This books explores the international aspects of pension reform, private savings and volatile capital markets and …, analysing the implications of financial reform for stimulating savings, and exploring both the benefits and risks of global …
Persistent link: https://www.econbiz.de/10012447865
Persistent link: https://www.econbiz.de/10012879581
This paper considers recent trends in the financial landscape, such as pension reforms, the impact of the COVID-19 crisis and the growing digitalisation of finance, and discusses their implications for old age financial planning and financial education polices, looking at financial decision...
Persistent link: https://www.econbiz.de/10013377647
partner. Due to survivor pensions, married insurants benefit from higher IRR as compared to the non-married. Interestingly …
Persistent link: https://www.econbiz.de/10008645019
To counteract the financial pressure emerging in aging societies, statutory pay-as-you-go pension schemes are undergoing fundamental reforms in many Western countries. Starting with cohort 1937, Germany introduced permanent pension deductions for early retirement. This paper examines the...
Persistent link: https://www.econbiz.de/10011128863