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SOEPpapers 331 / 2010
The present paper develops a general equilibrium model with overlapping generations and endogenous fertility in order to analyze the interaction between public policy and household labor supply and fertility decisions. The model's benchmark equilibrium reflects the current family policy as well as the differential fertility pattern of educational groups in Germany. Then we simulate alternative reforms ...
2010| Hans Fehr, Daniela Ujhelyiova
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DIW Discussion Papers 1074 / 2010
The aim of this paper is to apply recently proposed individual welfare measures in the context of random utility models of labour supply. Contrary to the standard practice of using reference preferences and wages, these measures preserve preference heterogeneity in the normative step of the analysis. They also make the ethical priors, implicit in any interpersonal comparison, more explicit. On the ...
2010| André Decoster, Peter Haan
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DIW Discussion Papers 1077 / 2010
In this paper we use fractional integration techniques to examine the degree of integration of four US stock market indices, namely the Standard and Poor, Dow Jones, Nasdaq and NYSE, at a daily frequency from January 2005 till December 2009. We analyse the weekly structure of the series and investigate their characteristics depending on the specific day of the week. The results indicate that the four ...
2010| Guglielmo Maria Caporale, Luis A. Gil-Alana
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SOEPpapers 328 / 2010
The distribution of unemployment duration in our equilibrium matching model with spell-dependent unemployment benefits displays a time-varying exit rate. Building on Semi-Markov processes, we translate these exit rates into an expression for the aggregate unemployment rate. Structural estimation using a German micro-data set (SOEP) allows us to discuss the effects of a recent unemployment benefit reform ...
2010| Andrey Launov, Klaus Wälde
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SOEPpapers 329 / 2010
Education is a well-known driver of (entrepreneurial) income. The measurement of its influence, however, suffers from endogeneity suspicion. For instance, ability and occupational choice are mentioned as driving both the level of (entrepreneurial) income and of education. Using instrumental variables can provide a way out. However, three questions remain: whether endogeneity is really present, whether ...
2010| Jörn H. Block, Lennart F. Hoogerheide, A. Roy Thurik
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DIW Discussion Papers 1076 / 2010
The current instruments in the EU to deal with debt and liquidity crises include among others the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM). Both are temporary in nature (3 years). In terms of an efficient future crisis management framework one has to ask what follows after the EFSF and the EFSM expire in 3 years time. In this vein, this ...
2010| Ansgar Belke
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DIW Discussion Papers 1081 / 2010
For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with pos-sible adverse effects to the real economy. To get insights into the size of the bubble, the house price evolution is investigated by panel cointegration techniques. Evidence is based on a dataset for 35 major cities. Cointegration ...
2010| Christian Dreger, Yanqun Zhang
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Refereed essays Web of Science
This paper analyses whether aid channelled through non-governmental organisations (NGOs) is less affected by selfish donor motivations and better targeted to needy recipient countries than aid distributed by state agencies. We employ Tobit (and Probit) models and make use of an exceptionally detailed database that allows an assessment of the allocation of Swedish aid channelled through NGOs in comparison ...
In:
The World Economy
33 (2010), 2, S. 147-176
| Axel Dreher, Florian Mölders, Peter Nunnenkamp
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Refereed essays Web of Science
In political economics, the impact of institutions on income redistribution is mainly studied by comparing different forms of representative democracy. In this article, we analyze the influence of direct democratic institutions on redistribution first focusing on welfare and nonwelfare spending using yearly panel data for Swiss cantons. Then, we estimate a model, which explains the determinants of ...
In:
Economic Inquiry
48 (2010), 4, S. 817-840
| Lars P. Feld, Justina A. V. Fischer, Gebhard Kirchgässner
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Weitere referierte Aufsätze
Wir diskutieren alternative Ansätze zur Bekämpfung lokaler Marktmacht in Erdgasmärkten mit einem besonderen Fokus auf den Ausbau bestehender Pipelinekapazitäten. Cremer und Laffont (Eur. Econ. Rev. 46:928-935, 2002) haben gezeigt, dass Preisdiskriminierungbeim Netzzugang korrigierend bei Marktversagen wirken und auch zur Erhöhung der Produktionsmenge (also Transportvolumina) führen kann. Im Gegensatz ...
In:
Zeitschrift für Energiewirtschaft
34 (2010), 3, S. 179-183
| Georg Meran, Christian von Hirschhausen, Anne Neumann