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Cultural transmission and discrimination

Sáez-Martí, María; Zenou, Yves - 2005

Each worker belongs to either the majority or the minority group and, irrespective of the group she belongs to, can have good or bad work habits. These traits are transmitted from one generation to the next through a learning and imitation process which depends on parents' purposeful investment...

Persistent link: https://www.econbiz.de/10010267690

An Experimental Study of the POUM Hypothesis

Checchi, Daniele; Filippin, Antonio - 2003

period and individuals are not too risk averse. This paper tests the POUM hypothesis by means of a within subjects experiment … inequality aversion are (partially) controlled for via either the experiment design or the information collected during the … experiment. We find that the POUM hypothesis holds under alternative specifications, even when we control for individual fixed …

Persistent link: https://www.econbiz.de/10010261622

Dynamic Efficiency and Pareto Optimality in a Stochastic OLG Model with Production and Social Security

Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2000

We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We give a complete characterization of interim Pareto optimality. Our characterization also subsumes equilibria with a PAYG social security system. In a competitive equilibrium...

Persistent link: https://www.econbiz.de/10010262415

Labor market policy evaluation in equilibrium: some lessons of the job search and matching model

Cahuc, Pierre; Barbanchon, Thomas Le - 2008

We analyze the consequences of counseling provided to job seekers in a standard job search and matching model. It turns out that neglecting equilibrium effects induced by counseling can lead to wrong conclusions. In particular, counseling can increase steady state unemployment although counseled...

Persistent link: https://www.econbiz.de/10010268888

Searching for rehabilitation in nonparametric regression models with exogenous treatment assignment

Henderson, Daniel J.; Maasoumi, Esfandiar - 2012

This paper offers some new directions in the analysis of nonparamertric models with exogenous treatment assignment. The nonparametric approach opens the door to the examination of potentially different distributed outcomes. When combined with cross-validation, it also identifies potentially...

Persistent link: https://www.econbiz.de/10010289871

Individual Rationality and Learning: Welfare Expectations in East Germany Post-Reunification

Frijters, Paul; Haisken-DeNew, John P.; Shields, Michael A. - 2002

' experiment through which to study the rationality of expectations. Our results show that East Germans significantly over …

Persistent link: https://www.econbiz.de/10010262741

Rational expectations and the puzzling no-effect of the minimum wage

Pinoli, Sara - 2010

This paper argues that expectations are an important element that needs to be included into the analysis of the effects of the minimum wage on employment. We show in a standard matching model that the observed employment effect is higher the lower is the likelihood associated with the minimum...

Persistent link: https://www.econbiz.de/10010269824

Decomposing excess returns in stochastic linear models

Lin, Carl - 2011

We present a theorem helpful in estimating the mean and variance of a linear function with arbitrary multivariate randomness in its coefficients and variables. We derive a generalized decomposition result from two random linear functions in which the result can be applied to most models using...

Persistent link: https://www.econbiz.de/10010286879

Forecasting errors: yet more problems for identification?

Contini, Bruno - 2009

Forecasting errors pose a serious problem of identification, often neglected in empirical applications. Any attempt of estimating choice models under uncertainty may lead to severely biased results in the presence of forecasting errors even when individual expectations on future events are...

Persistent link: https://www.econbiz.de/10010271221

A Simple, Analytically Solvable Chamberlinian Agglomeration Model

Pflüger, Michael - 2001

This paper presents a simple, analytically solvable Chamberlinian agglomeration model. As in the canonical core-periphery (CP) model, two agglomerative forces are at work. However, the present model exhibits a 'pitchfork bifurcation' rather than the 'tomahawk bifurcation' of the CP model.

Persistent link: https://www.econbiz.de/10010262568