Similar Search Results

Disability and Marginal Utility of Income

Tengstam, Sven - Nationalekonomiska institutionen, Handelshögskolan - 2007

It is often assumed that disability lowers the marginal utility of income. In this article individuals’ marginal … include both income and disability status. It is found that most people have higher marginal utility when paralyzed than when …-disabled, distributional weights based on disability status (in opposite to income) should be used in cost-benefit analysis.<p> …

Persistent link: https://www.econbiz.de/10005651675

The Maximum Number of Parameters for the Hausman Test When the Estimators are from Different Sets of Equations

Nawata, Kazumitsu; McAleer, Michael - Department of Economics and Finance, College of … - 2014

Hausman (1978) developed a widely-used model specification test that has passed the test of time. The test is based on two estimators, one being consistent under the null hypothesis but inconsistent under the alternative, and the other being consistent under both the null and alternative...

Persistent link: https://www.econbiz.de/10010907409

Partisan targeting of inter-governmental transfers & state interference in local elections: evidence from Spain

Curto-Grau, Marta; Sole-Olle, Albert; Sorribas-Navarro, … - Facultat d'Economia i Empresa, Universitat de Barcelona - 2012

We examine whether state-level incumbents discriminate in the allocation of transfers in favour of local governments controlled by co-partisans, and whether the electoral prospects of local incumbents improve when they are aligned with the state incumbent. Using a new database covering around...

Persistent link: https://www.econbiz.de/10010593238

How Reliable are Household Expenditures as a Proxy for Permanent Income? Implications for the Income-Nutrition Relationship

Gibson, John; Kim, Bonggeun - Department of Economics, Waikato Management School - 2011

Measurement error in short-run expenditures from household surveys may attenuate estimated effects of permanent income on economic outcomes. Repeated observations on households during the year are used to calculate reliability ratios and estimate errors in variables regressions of the impact of...

Persistent link: https://www.econbiz.de/10008867994

Robust Estimation and Forecasting of the Capital Asset Pricing Model

Bian, Guorui; McAleer, Michael; Wong, Wing-Keung - Department of Economics and Finance, College of … - 2010

In this paper, we develop a modified maximum likelihood (MML) estimator for the multiple linear regression model with underlying student t distribution. We obtain the closed form of the estimators, derive the asymptotic properties, and demonstrate that the MML estimator is more appropriate for...

Persistent link: https://www.econbiz.de/10008692053

Adult Mortality, AIDS and Fertility in Rural Malawi

Durevall, Dick; Lindskog, Annika - Nationalekonomiska institutionen, Handelshögskolan - 2013

The impact of HIV/AIDS on fertility in sub-Saharan Africa has received attention recently, since changes in population structure can impact on future economic development. We analyze the effect of AIDS on actual and desired fertility in rural Malawi, using data from Malawi 2004 Demographic and...

Persistent link: https://www.econbiz.de/10010818750

The Social Capital and Health Hypothesis: A Theory and New Empirics Featuring the Norwegian HUNT Data

Folland, Sherman; Islam, Muhammad Quamrul; Kaarbøe, … - Institutt for Økonomi, Universitetet i Bergen - 2012

We develop and explore an economic model in which cigarette consumption enhances utility but reduces the probability of survival through the period. Social capital is produced by time spent developing and maintaining social relationships. By requiring time inputs, social capital has an...

Persistent link: https://www.econbiz.de/10010818925

Can EQ-5D and 15D be Used Interchangeably in Economic Evaluations? Assessing Quality of Life in Post-Stroke Patients

Lunde, Lene - Institutt for Økonomi, Universitetet i Bergen - 2011

This paper provides an analysis on whether 15D and EQ-5D can be used interchangeably as health outcome measures in cost-effectiveness studies. The empirical performance of the two multi attribute utility instruments is tested in terms of feasibility, utility score, linear relationship and...

Persistent link: https://www.econbiz.de/10010818928

Survival Analysis of Very Low Birth Weight Infant Mortality in Taiwan

Chang, Chia-Lin; Chen, Wei-Chen; McAleer, Michael - Department of Economics and Finance, College of … - 2014

This paper examines the determinants of very low birth weight infant (or neonatal) mortality using the Taiwan National Health Insurance Research database from 1997 to 2009. After infants are discharged from hospital, it is not possible to track their mortality, so the Cox proportional hazard...

Persistent link: https://www.econbiz.de/10010907417

Compassion and cost: The dual role of reference pricing

Yesim Köksal, Miyase - Nationalekonomiska institutionen, Handelshögskolan - 2011

Providing health insurance involves a trade-off between the benefits from risk spreading and the costs due to moral hazard. Focusing on pharmaceuticals consumption, this paper examines theoretically whether reference pricing, requiring individuals to pay the price difference if, in this case,...

Persistent link: https://www.econbiz.de/10011019119