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Eliciting Discount Functions when Baseline Consumption changes over Time

Gerber, Anke; Rohde, Kirsten I.M. - Tinbergen Institute - 2009

only if baseline consumption to which the outcomes are added, remains constant over time. The difficulty with measuring … discounting when baseline consumption changes over time, is that delaying an outcome has two simultaneous effects: (1) due to the … change in baseline consumption, it changes the increase in utility from receiving the outcome, and (2) it changes the …

Persistent link: https://www.econbiz.de/10008513236

HIV/AIDS, Risk Aversion and Intertemporal Choice

Lammers, Judith; Wijnbergen, Sweder van - Tinbergen Institute - 2007

differences in anticipated future marginal utility increases and price in these factors when calculating pure rates of time … with real monetary rewards conduEted among students in South Africa to estimate risk and time preferences. These …, indicating longer time horizons in spite of their lowered life expectancy. However, we show that direct estimates of discount …

Persistent link: https://www.econbiz.de/10005137299

Private Wealth and Job Exit at Older Age: a Random Effects Model

Bloemen, Hans - Tinbergen Institute - 2008

Private wealth holdings are likely to become an increasingly important determinant in the job exit decision of elderly workers. Net wealth may correlate with worker's characteristics that also determine the exit out of a job. It is therefore important to include a rich set of observed...

Persistent link: https://www.econbiz.de/10005504893

Convergence, Shocks and Poverty

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - Tinbergen Institute - 2002

Using a unique panel data set for rural households in Zimbabwe we estimate a

Persistent link: https://www.econbiz.de/10005504912

Non-take-up of Tax-favored Savings Plans: Are Household Portfolios Optimal?

Alessie, Rob; Hochguertel, Stefan; Soest, Arthur van - Tinbergen Institute - 2002

Since the early nineties, the Dutch tax system allows for a tax-favored form of risk free savings through employer- sponsored savings plans (ESSPs). Under some conditions and up to a certain amount, the contributions to this plan are tax-deductible, and the returns as well as the withdrawals are...

Persistent link: https://www.econbiz.de/10005795582

A Theory of Socioeconomic Disparities in Health over the Life Cycle

Galama, Titus J.; Kippersluis, Hans van - Tinbergen Institute - 2010

Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered by the lack of a suffciently comprehensive theoretical framework to interpret empirical facts and to predict yet untested relations. We present a life-cycle model that...

Persistent link: https://www.econbiz.de/10008484063

The Impact of Wealth on Job Exit Rates of Elderly Workers

Bloemen, Hans G. - Tinbergen Institute - 2007

Theoretical models predict a positive impact of the level of individual wealth on the job exit probability. Empirically this prediction is most likely to be relevant for elderly workers who have accumulated wealth throughout their working life and have a short residual working life. In the...

Persistent link: https://www.econbiz.de/10005136899

Vulnerability in a Stochastic Dynamic Model

Elbers, Chris; Gunning, Jan Willem - Tinbergen Institute - 2003

household consumed permanently at the poverty line. The results indicate that vulnerability is very sensitive to the time …

Persistent link: https://www.econbiz.de/10005136956

Growth Regression and Economic Theory

Elbers, Chris; Gunning, Jan Willem - Tinbergen Institute - 2002

In this note we show that the standard, loglinear growth regression specification is consistent with one and only one model in the class of stochastic Ramsey models. This model is highly restrictive: it requires a Cobb-Douglas technology and a 100% depreciation rate and it implies that risk does...

Persistent link: https://www.econbiz.de/10005137069

Growth and Risk: Methodology and Micro Evidence

Elbers, Chris; Gunning, Jan Willem; Kinsey, Bill - Tinbergen Institute - 2003

There has been a revival of interest in the effect of risk on economic growth. We quantify both ex ante and ex post effects of risk using a stochastic version of the Ramsey model. We develop a simulation-based econometric methodology which allows us to estimate the model in the structural form...

Persistent link: https://www.econbiz.de/10005137127