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Asymmetries in Bank Lending Behaviour. - Austria During the 1990s

Kaufmann, Sylvia - 2002

This paper investigates both cross-sectional asymmetry (related to bank-speci.c characteristics like size and liquidity) and asymmetries over time (potentially related to the overall state of the economy) in Austrian bank lending reaction to monetary policy. The first type of asymmetry is...

Persistent link: https://www.econbiz.de/10013369973

Does prospective payment increase hospital (in)efficiency? Evidence from the Swiss hospital sector

Widmer, Philippe K. - 2011

Several European countries have followed the United States in introducing prospective payment for hospitals with the expectation of achieving cost efficiency gains. This article examines whether theoretical expectations of cost efficiency gains can be empirically confirmed. In contrast to...

Persistent link: https://www.econbiz.de/10010316910

When are preferences consistent? The effects of task familiarity and contextual cues on revealed and stated preferences

Schläpfer, Felix; Fischhoff, Baruch - 2010

Traditionally, economists make a sharp distinction between stated and revealed preferences, viewing the latter as more fully meeting the assumptions of economic analysis. Here, we consider one form of empirical evidence regarding this belief: the consistency of choices in stated and revealed...

Persistent link: https://www.econbiz.de/10010315548

The effect of income on positive and negative subjective well-being

Boes, Stefan; Winkelmann, Rainer - 2006

Increasing evidence from the empirical economic and psychological literature suggests that positive and negative well-being are more than opposite ends of the same phenomenon. Two separate measures of the dependent variable may be needed when analyzing the determinants of subjective well-being....

Persistent link: https://www.econbiz.de/10010315521

Happiness functions with preference interdependence and heterogeneity: The case of altruism within the family

Bruhin, Adrian; Winkelmann, Rainer - 2007

This study investigates the prevalence and extent of altruism by examining the relationship between parents' and their adult children's subjective well-being in a data set extracted from the German Socio-Economic Panel. In order to segregate the share of parents with altruistic preferences from...

Persistent link: https://www.econbiz.de/10010315538

Subjective well-being and the family: Results from an ordered probit model with multiple random effects

Winkelmann, Rainer - 2004

The previous literature on the determinants of individual well-being has failed to fully account for the interdependencies in well-being at the family level. This paper develops an ordered probit model with multiple random effects that allows to identify the intrafamily correlation in...

Persistent link: https://www.econbiz.de/10010315600

Consistent estimation of the fixed effects ordered logit model

Baetschmann, Gregori; Staub, Kevin E.; Winkelmann, Rainer - 2011

effect of unemployment on life satisfaction. …

Persistent link: https://www.econbiz.de/10010316860

Reconsidering the analysis of longitudinal happiness data: With an application to the effect of unemployment

Baetschmann, Gregori; Staub, Kevin E.; Winkelmann, Rainer - 2011

The paper reconsiders existing estimators for the panel data fixed effects ordered logit model, including one that has not been used in econometric studies before, and studies the small sample properties of these estimators in a series of Monte Carlo simulations. There are two main findings....

Persistent link: https://www.econbiz.de/10010316884

Heterogeneity in the relationship between happiness and age: Evidence from the German socio-economic panel

Baetschmann, Gregori - 2011

This paper studies the evolution of life satisfaction over the life course in Germany. It clarifies the causal … and time effects. The empirical part analyzes the distribution of life satisfaction over the life course at the aggregated …, subgroup and individual level. To the findings: On average, life satisfaction is mildly decreasing up to age fifty …

Persistent link: https://www.econbiz.de/10010316897

Revealed preferences, choices, and psychological indexes

Soraperra, Ivan - 2009

This paper develops a model of choice that embeds some psychological aspects affecting decision maker's behaviour. In the model, the decision maker attaches an unobservable psychological index -representing, e.g., the level of perceived availability or the level of salience- to each alternative...

Persistent link: https://www.econbiz.de/10010280751