We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using Markov chains to model the transition between different employment states. In contrast to most models in the...
Vladimir Kuzin, Franziska Bremus
London, Großbritannien,
15.07.2010
- 17.07.2010| 16th International Conference of the Society for Computational Economics
Population surveys around the world face the problem of declining cooperation and participation rates of respondents. Not only can item nonresponse and unit nonresponse impair important outcome measures for inequality research such as total household disposable income; there is also a further case of missingness confronting household panel surveys that potentially biases results. The approach...
Joachim R. Frick, Markus M. Grabka, Olaf Groh-Samberg
Gothenburg, Schweden,
11.07.2010
- 17.07.2010| Sociology on the Move: XVII ISA World Congress of Sociology
Denis Gerstorf, Jan Goebel, Nilam Ram, Jürgen Schupp, Gert G. Wagner
Gothenburg, Schweden,
11.07.2010
- 17.07.2010| Sociology on the Move: XVII ISA World Congress of Sociology
Ingrid Tucci, Ariane Jossin, Carsten Keller, Olaf Groh-Samberg
Gothenburg, Schweden,
11.07.2010
- 17.07.2010| Sociology on the Move: XVII ISA World Congress of Sociology
Several German states recently introduced tuition fees for university education. We investigate whether these tuition fees influence the mobility of university applicants. Based on administrative data of applicants for medical schools in Germany, we estimate the effect of tuition fees on the probability of applying for a university in the home state. We find a small but significant reaction: The...
Johanna Storck, Katharina Wrohlich, Nadja Dwenger
Zaragoza, Spanien,
08.07.2010
- 09.07.2010| XIX Meeting of the Economics of Education Association