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Referierte Aufsätze Web of Science
Fast-and-frugal trees (FFTs) are simple algorithms that facilitate efficient and accurate decisions based on limited information. But despite their successful use in many applied domains, there is no widely available toolbox that allows anyone to easily create, visualize, and evaluate FFTs. We fill this gap by introducing the R package FFTrees. In this paper, we explain how FFTs work, introduce a new ...
In:
Judgment and Decision Making
12 (2017), 4, S. 344-368
| Nathaniel D. Phillips, Hansjörg Neth, Jan K. Woike, Wolfgang Gaissmaier
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Referierte Aufsätze Web of Science
We study the effectiveness of building energy codes, taking a long-run perspective. The focus is on regulation’s impact on energy demand in both high- and low-quality residences, in other words, the diffusion and the entry of “green” buildings in the housing market. We develop a measure for regulation intensity and apply this to a panel-error-correction regression model for energy requirements of a ...
In:
Land Economics
93 (2017), 4, S. 585-607
| Makram El-Shagi, Claus Michelsen, Sebastian Rosenschon
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Referierte Aufsätze Web of Science
We investigate the impact of a differential treatment of paid employees versus self-employed workers in a public health insurance system on the entry rate into self-employment. Health insurance systems that distinguish between the two sectors of employment create incentives or disincentives to start a business for different individuals. We estimate a discrete time hazard rate model of entry into self-employment ...
In:
Small Business Economics
49 (2017), 3, S. 647–669
| Frank M. Fossen, Johannes König
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Referierte Aufsätze Web of Science
This paper empirically examines reliance on collateral in different credit market segments—formal, semiformal and informal lending—of a developing rural financial market. Determinants of collateralization indicate that all three types of lenders price risk conventionally. Controlled for standard risk factors, however, formal lenders rely on collateral about 40 per cent more often than informal lenders. ...
In:
Economic Notes
46 (2017), 3, S. 587-632
| Carmen Kislat, Lukas Menkhoff, Doris Neuberger
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Referierte Aufsätze Web of Science
In a meta-analysis of 126 impact evaluation studies, we find that financial education significantly impacts financial behavior and, to an even larger extent, financial literacy. These results also hold for the subsample of randomized experiments (RCTs). However, intervention impacts are highly heterogeneous: financial education is less effective for low-income clients as well as in low- and lower-middle–income ...
In:
The World Bank Economic Review
31 (2017), 3, S. 611-630
| Tim Kaiser, Lukas Menkhoff
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Referierte Aufsätze Web of Science
Informal care by close family members is the main pillar of most long-term care systems. However, due to demographic ageing, the need for long-term care is expected to increase while the informal care potential is expected to decline. From a budgetary perspective, informal care is often viewed as a cost-saving alternative to subsidised formal care. This view, however, neglects that many family carers ...
In:
Fiscal Studies
38 (2017), 3, S. 393-415
| Johannes Geyer, Peter Haan, Thorben Korfhage
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Referierte Aufsätze Web of Science
We provide an in-depth theoretical discussion about the differences between individual-specific latent constructs (representing attitudes, for example, but also other characteristics such as values or personality traits) and alternative-specific latent constructs (that may represent perceptions) affecting the choice-making process of individuals; we also carry out an empirical exercise to analyze their ...
In:
Transportation : Planning, Policy, Research, Practice
44 (2017), 3, S. 475-493
| Francisco J. Bahamonde-Birke, Uwe Kunert, Heike Link, Juan de Dios Ortúzar
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Referierte Aufsätze Web of Science
Widespread agreement that a political reform is necessary is no guarantee that it is actually undertaken in a timely manner. There is often a delay before action is taken and reform packages that would be most efficient to implement all at once are often done only gradually. We propose a theoretical model explaining this behavior and show that when voters have present-biased, time-inconsistent preferences, ...
In:
Journal of Public Economic Theory
19 (2017), 3, S. 748-761
| Jisoo Hwang, Johanna Mollerstrom
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Referierte Aufsätze Web of Science
Single parents and unmarried couples are increasingly replacing the traditional nuclear family. This paper investigates if the greater variety in living arrangements contributes to increased resource disparities among children in Germany. Children in single parent families are disadvantaged in at least three dimensions decisive for their later achievements: material standard of living, parental education, ...
In:
German Economic Review
18 (2017), 3, S. 327-376
| Charlotte Bartels, Maximilian Stockhausen
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Referierte Aufsätze Web of Science
In many countries organized as federations, fiscal equalization schemes have been implemented to mitigate vertical or horizontal imbalances. Such schemes usually imply that the member states of the federation can only partly internalize (marginal) tax revenue before redistribution. Aside from the internalized marginal revenue, referred to as the marginal tax-back rate, the remainder is redistributed. ...
In:
German Economic Review
18 (2017), 3, S. 377-409
| Timm Bönke, Beate Jochimsen, Carsten Schröder