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Efficient probit estimation with partially missing covariates

Conniffe, Denis; O'Neill, Donal - 2009

A common approach to dealing with missing data is to estimate the model on the common subset of data, by necessity throwing away potentially useful data. We derive a new probit type estimator for models with missing covariate data where the dependent variable is binary. For the benchmark case of...

Persistent link: https://www.econbiz.de/10010269313

Risk Aversion under Preference Uncertainty

Kraeussl, Roman; Lucas, Andre; Siegmann, Arjen - 2010

We show that if an agent is uncertain about the precise form of his utility function, his actual relative risk aversion may depend on wealth even if he knows his utility function lies in the class of constant relative risk aversion (CRRA) utility functions. We illustrate the consequences of this...

Persistent link: https://www.econbiz.de/10010326065

Testing economic models of the household: An experiment

Bateman, Ian; Munro, Alistair - 2004

some economic models of household decision-making. Subjects make choices individually and jointly and are asked to make …

Persistent link: https://www.econbiz.de/10010319027

Geldanlage: Frauen sind vorsichtiger als Männer - weil sie weniger Vermögen haben

Badunenko, Oleg; Barasinska, Nataliya; Schäfer, Dorothea - In: DIW Wochenbericht 76 (2009) 48, pp. 832-836

Unter Experten für Geldanlagen und Finanzprodukte geht man davon aus, dass Frauen risikoscheu sind und in sichere Anlageprodukte investieren. Eine aktuelle Studie des DIW Berlin stellt dies in Frage. Sie zeigt, dass die Wahrscheinlichkeit, Geld riskant anzulegen, für Frauen und Männer gleich...

Persistent link: https://www.econbiz.de/10011602096

Why do Indian Children Work, and is it Bad for Them?

Cigno, Alessandro; Rosati, Furio C. - 2000

The causes and consequences of child labour are examined theoretically and empirically within a household decision …

Persistent link: https://www.econbiz.de/10010262340

Modelling the employment and wage outcomes of spouses: is she outearning him?

Bloemen, Hans G.; Stancanelli, Elena G. F. - 2008

-earners. About 24% of American women in dual-earner households earned more than their husband in 2004. Using a model of household … may also come into play. Our empirical model specifies spouse labour-market participation equations within each household …

Persistent link: https://www.econbiz.de/10010276779

Financial risk aversion and household asset diversification

Barasinska, Nataliya; Schäfer, Dorothea; Stephan, Andreas - 2008

This paper explores the relationship between risk attitude and asset diversification in household portfolios. We first … theory is compatible with observed diversification patterns. Based on the German Socioeconomic Panel which provides unique … socioeconomic characteristics, the propensity for taking investment risk is an important predictor of a household's diversification …

Persistent link: https://www.econbiz.de/10010291769

Portfolios of the rich

Carroll, Christopher D. - 2000

Recent research has shown that 'rich' households save at much higher rates than others (see Carroll (2000); Dynan Skinner and Zeldes (1996); Gentry and Hubbard (1998); Huggett (1996); Quadrini (1999)) This paper documents another large difference between the rich and the rest of the population:...

Persistent link: https://www.econbiz.de/10010293507

Household Characteristics, Ability and Education: Evidence´ from a Dynamic Expected Utility Model

Belzil, Christian; Hansen, Joergen - 1999

household characteristics (especially household income). The ``true'' intergenerational correlation between schooling …

Persistent link: https://www.econbiz.de/10010262274

Strong hysteresis due to age effects

Chen, Yu-Fu - 2009

Persistent link: https://www.econbiz.de/10014306485