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Social Insurance with Competitive Insurance Markets and Risk Misperception

Cremer, Helmuth - 2016

This paper considers an economy where individuals differ in productivity and in risk. Rochet (1991) has shown that when … private insurance markets offer full coverage at fair rates, social insurance is desirable if and only if risk and … violated for the old age dependency risk (mainly because longevity in turn is positively correlated with productivity). We …

Persistent link: https://www.econbiz.de/10013001310

Canonical Correlation and Assortative Matching : A Remark

Dupuy, Arnaud - 2012

In the context of the Beckerian theory of marriage, when men and women match on a single-dimensional index that is the … weighted sum of their respective multivariate attributes, many papers in the literature have used linear canonical correlation …

Persistent link: https://www.econbiz.de/10013098825

Testing the Correlated Random Coefficient Model

Heckman, James J. - 2009

The recent literature on instrumental variables (IV) features models in which agents sort into treatment status on the basis of gains from treatment as well as on baseline-pretreatment levels. Components of the gains known to the agents and acted on by them may not be known by the observing...

Persistent link: https://www.econbiz.de/10013154992

Correlation Neglect in Belief Formation

Enke, Benjamin - 2013

-connected information sources, implying a pattern of "overshooting" beliefs. Additionally, in an experimental asset market, correlation …

Persistent link: https://www.econbiz.de/10013082140

Bounds with Imperfect Instruments : Leveraging the Implicit Assumption of Intransitivity in Correlations

Wiseman, Nathan - 2017

Instrumental variables (IV) is an indispensable tool for establishing causal relationships between variables. Recent work has focused on improving bounds for cases when an ideal instrument does not exist. We leverage a principle, "Intransitivity in Correlations," related to an under-utilized...

Persistent link: https://www.econbiz.de/10012959663

Modelling Volatilities and Conditional Correlations in Futures Markets with a Multivariate T Distribution

Pesaran, Bahram; Pesaran, M. Hashem - 2021

This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by …

Persistent link: https://www.econbiz.de/10013316934

Recall Bias Revisited : Measure Farm Labor Using Mixed-Mode Surveys and Multiple Imputation

Dang, Hai-Anh; Carletto, Calogero - 2022

Smallholder farming dominates agriculture in poorer countries. Yet, traditional recall-based surveys on smallholder farming in these countries face challenges with seasonal variations, high survey costs, poor record-keeping, and technical capacity constraints resulting in significant recall...

Persistent link: https://www.econbiz.de/10014083928

Getting the Measure of Inequality

Jenkins, Stephen - 2022

measurement related to inequality concepts (e.g., inequality aversion, relative versus absolute inequality, and inequality of …

Persistent link: https://www.econbiz.de/10014083929

Competitiveness at the Country-Sector Level : New Measures Based on Global Value Chains

Marczak, Martyna - 2018

We propose the so-called domestic "embodied unit labor costs" (EULC) at the country-sector level as a new cost-related basis for measures of international competitiveness. EULC take into account that a sector's labor costs constitute only a small share of its total cost which to a large extent...

Persistent link: https://www.econbiz.de/10012919512

Measurement Error in Earnings Data : Replication of Meijer, Rohwedder, and Wansbeek's Mixture Model Approach to Combining Survey and Register Data

Jenkins, Stephen; Rios-Avila, Fernando - 2021

Meijer, Rohwedder, and Wansbeek (MRW, Journal of Business & Economic Statistics, 2012) develop methods for prediction of a single earnings figure per worker from mixture factor models fitted using earnings data from multiple linked data sources. MRW apply their method using parameter estimates...

Persistent link: https://www.econbiz.de/10013240269