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König, Johannes; Schluter, Christian; Schröder, Carsten - 2023

Who makes it to the top? We use the leading, socio-economic survey in Germany supplemented by extensive data on the rich to answer this question. We identify the key predictors for belonging to the top 1 percent of income, wealth, and both distributions jointly. Although we consider many, only a...

Persistent link: https://www.econbiz.de/10014468907

Financial Markets Efficiency and Economic Behaviour : Evaluating Euro Area Economies

Tomat, Gian Maria - 2023

Chapter 1 Introduction -- Chapter 2 Efficient markets -- Chapter 3 Equity premium -- Chapter 4 The dividend ratio model -- Chapter 5 Bond valuation -- Chapter 6 Yield curves -- Chapter 7 Term structure models -- Chapter 8 Real estate market -- Chapter 9 Derivative securities -- Chapter 10...

Persistent link: https://www.econbiz.de/10014337024

A machine learning projection method for macro-finance models

Valaitis, Vytautas; Villa, Alessandro T. - In: Quantitative economics : QE ; journal of the … 15 (2024) 1, pp. 145-173

We use supervised machine learning to approximate the expectations typically contained in the optimality conditions of an economic model in the spirit of the parameterized expectations algorithm (PEA) with stochastic simulation. When the set of state variables is generated by a stochastic...

Persistent link: https://www.econbiz.de/10014496944

A machine learning projection method for macro-finance models

Valaitis, Vytautas; Villa, Alessandro T. - 2022

This paper develops a simulation-based solution method to solve large state space macrofinance models using machine learning. We use a neural network (NN) to approximate the expectations in the optimality conditions in the spirit of the stochastic parameterized expectations algorithm (PEA)....

Persistent link: https://www.econbiz.de/10013202712

Retirement wealth adequacy according to benchmarks

Yuh, Yoon-kyung - In: International journal of applied business and economic … 12 (2014) 1, pp. 63-87

Persistent link: https://www.econbiz.de/10010376572

Can taxation predict US top-wealth share dynamics?

Böhl, Gregor; Fischer, Thomas - 2017

The level of capital tax gains has high explanatory power regarding the question of what drives economic inequality. On … inequality given empirical tax series in the US. The results emphasize that the level and the transition of speed of wealth … inequality depend crucially on the degree of capital taxation. The projections predict that - continuing on the present path of …

Persistent link: https://www.econbiz.de/10011764009

Long-term forecasts of age-specific labour market participation rates with functional data models

Url, Thomas; Hyndman, Rob J.; Dokumentov, Alexander - 2016

Many countries have implemented social programmes providing long-term financial or in-kind entitlements. These programmes often focus on specific age-groups and consequently their expenditure streams are subject to demographic change. Given the strains already existing on public budgets,...

Persistent link: https://www.econbiz.de/10011495122

Long-term forecasts of age-specific participation rates with functional data models

Url, Thomas; Gao, Jiti; Hyndman, Rob J. - 2016

Persistent link: https://www.econbiz.de/10011781536

Forecasting labour supply and population : an integrated stochastic model

Fuchs, Johann; Söhnlein, Doris; Weber, Brigitte; … - 2017 - Aktualisierte Fassung vom 17. Mai 2017

This paper presents a stochastic integrated model to forecast the German population and labour supply until 2060. Within a cohort-component approach, the population forecast applies principal components to birth, mortality, emigration and immigration rates. The labour force participation rates...

Persistent link: https://www.econbiz.de/10011586534

Modeling migration dynamics in stochastic labor supply forecasting

Hellwagner, Timon; Söhnlein, Doris; Weber, Enzo - 2023

Population size and structure in conjunction with the participation behavior are the determinants of labor supply. Thereby, among the demographic components, migration is the one shaping both the size and the structure of a population the strongest in the short to medium term while...

Persistent link: https://www.econbiz.de/10014282754