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Referierte Aufsätze Web of Science
There is evidence that estimates of long-run impulse responses of structural vector autoregressive (VAR) models based on long-run identifying restrictions may not be very accurate. This finding suggests that using short-run identifying restrictions may be preferable. We compare structural VAR impulse response estimates based on long-run and short-run identifying restrictions and find that long-run ...
In:
AStA Advances in Statistical Analysis
102 (2018), 2, S. 229-244
| Helmut Lütkepohl, Anna Staszewska-Bystrova, Peter Winker
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Referierte Aufsätze Web of Science
Both lifespan psychology and life course sociology highlight that contextual factors influence individual functioning and development. In the current study, we operationalize context as county-level care services in inpatient and outpatient facilities(e.g., number of care facilities, privacy in facilities) and investigate how the care context shapes well-being in the last years of life. To do so, we ...
In:
European Journal of Ageing
15 (2018), 2, S. 111-122
| Nina Vogel, Nilam Ram, Jan Goebel, Gert G. Wagner, Denis Gerstorf
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Referierte Aufsätze Web of Science
Psychology offers conceptual and analytic tools that can advance the discussion on the nature of risk preference and its measurement in the behavioral sciences. We discuss the revealed and stated preference measurement traditions, which have coexisted in both psychology and economics in the study of risk preferences, and explore issues of temporal stability, convergent validity, and predictive validity ...
In:
Journal of Economic Perspectives
32 (2018), 2, S. 155-172
| Rui Mata, Renato Frey, David Richter, Jürgen Schupp, Ralph Hertwig
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Referierte Aufsätze Web of Science
The behavioral sciences, including most of psychology, seek to explain and predict behavior with the help of theories and models that involve concepts (e.g., attitudes) that are subsequently translated into measures. Currently, some subdisciplines such as social psychology focus almost exclusively on measures that demand reflection or even introspection when administered to persons. We argue that such ...
In:
PloS one
13 (2018), 2, e0192907
| Siegmar Otto, Ulf Kröhne, David Richter
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Referierte Aufsätze Web of Science
Revenue cap regulation is often combined with systematic benchmarking to reveal the managerial inefficiencies when regulating natural monopolies. One example is the European energy sector, where benchmarking is based on actual cost data, which are influenced by managerial inefficiency as well as operational heterogeneity. This paper demonstrates how a conditional nonparametric method, which allows ...
In:
European Journal of Operational Research
265 (2018), 2, S. 710-722
| Endre Bjoerndal, Mette Björndal, Astrid Cullmann, Maria Nieswand
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Referierte Aufsätze Web of Science
A time-varying parameters Bayesian structural vector autoregression (TVP-BVAR) model with stochastic volatility is employed to characterize the monetary policy stance of the Bank of Canada (BoC) in terms of an interest rate rule linking the policy rate to the output gap, inflation and the exchange rate. Using quarterly bilateral Canadian–US data, we find such an interest rate rule to have little explanatory ...
In:
Empirical Economics
55 (2018), 2, S. 471-494
| T. Philipp Dybowski, Max Hanisch, Bernd Kempa
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Referierte Aufsätze Web of Science
China's government has been promoting the shift toward a consumption-based economy in the past few years to arrive at a path of sustainable and socially inclusive growth. In this context, the explicit goal to significantly raise the percentage ofwages in the national household income was an integral part of the 12th Five-Year Plan (2011–15). These changes in economic strategy are likely to affect the ...
In:
Asian Economic Papers
17 (2018) 2, S. 94-107
| Julian Donaubauer, Christian Dreger
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Referierte Aufsätze Web of Science
We investigate the hypothesis of failed integration and low social mobility of immigrants. An intergenerational assimilation model is tested empirically on household survey data and validated against registry data provided by the Italian Embassy in Germany. Although we confirm substantial disparities between educational achievements of immigrants and natives, we find that the children of Italian immigrants ...
In:
German Economic Review
19 (2018), 1, S. 1-31
| Timm Bönke, Guido Neidhöfer
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Referierte Aufsätze Web of Science
The wage curve introduced by Blanchflower and Oswald (1990, 1994b) postulates a negative correlation between wages and unemployment. Empirical studies use different channels for a theoretical underpinning the relationship. Panel data models mostly draw on bargaining power or the efficiency wage hypothesis. Spatial econometric approaches can be rationalized by monopsonistic competition. However, the ...
In:
Review of Regional Research
38 (2018), 1, S. 53-75
| Reinhold Kosfeld, Christian Dreger
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Referierte Aufsätze Web of Science
BackgroundThe last decades have seen great advances in the understanding, treatment, and prevention of cardiovascular disease (CVD). Although mortality rates due to CVD have declined significantly in the last decades, the burden of CVD is still high, particularly in older adults. This raises the question whether contemporary populations of older adults are experiencing better or worse objective as ...
In:
PloS one
13 (2018), 1, e0191699
| Maximilian König, Johanna Drewelies, Kristina Norman, Dominik Spira, Nikolaus Buchmann, Gizem Hülür, Peter Eibich, Gert G. Wagner, Ulman Lindenberger, Elisabeth Steinhagen-Thiessen, Denis Gerstorf, Ilja Demuth