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Most simulated micro-founded macro models use solely consumer-demand aggregates in order to estimate preference parameters of a representative consumer, for use in policy evaluation. Focusing on dynamic models with time-separable preferences, we show that aggregation holds if, and only if, momentary utility functions fall in the Identical-Shape Harmonic Absolute-Risk Aversion (ISHARA) utility class, ...
In:
European Economic Review
111 (2019), January 2019, 166-190
| Christos Koulovatianos, Carsten Schröder, Ulrich Schmidt
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Daylight Saving Time is controversial due to its alleged negative impact on individual well-being. Using panel data from Germany we find evidence that the transition to summer time has negative influence on general life satisfaction and mood, which is stronger for those in full time employment.
In:
Economics Letters
122 (2014), 1, 100-103
| Yiannis Kountouris, Kyriaki Remoundou
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This article analyzes whether unemployment has an effect on the splitting of a marital relationship. The study uses 40 000 observations on unemployment spells and marital status during the period from 1987 to 1996. Random effects probit and conditional likelihood logit models for panel data are applied. Using several control variables, it was confirmed that unemployment does actually lead to a higher ...
In:
KYKLOS
54 (2001), 1, 67-88
| Kornelius Kraft
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This paper reports on the results of a study on the determinants of the introduction of a works council and its consequences.We consider the effects of expectations concerning the economic conditions of a firm on the probability of adopting a works council. This is done, on the one hand, by use of employees’ expectations on employment security and, on the other hand, by including forecasts of the management ...
In:
Jahrbücher für Nationalökonomie und Statistik
228 (2008), 5+6, 512-532
| Kornelius Kraft, Jutta Lang
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Using a rich panel data set from the German Socio-Economic Panel, we test whether spouses who are similar to each other in certain respects have a lower probability of divorce than dissimilar spouses. We focus on the effect of homogamy with respect to education and church attendance. Gary Becker's theory of marriage predicts that usually, positive assortative mating is optimal. Our results, however, ...
Bonn:
Institute for the Study of Labor (IZA),
2009,
(IZA DP No. 4491)
| Kornelius Kraft, Stefanie Neimann
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Using German panel data from 1984 to 2007, we analyze the impact of labor division between husband and wife on the risk of divorce. Gary Becker's theory of marriage predicts that specialization in domestic and market work, respectively, reduces the risk of separation. Traditionally, the breadwinner role is assigned to the husband, however, female labor force participation and their wages have ...
Berlin:
DIW Berlin,
2009,
(SOEPpapers 223)
| Kornelius Kraft, Stefanie Neimann
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Luxembourg:
Luxembourg Income Study (LIS),
2008,
(Luxembourg Income Study Working Paper No. 506)
| Michael Krail
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In:
Investigaciones Económicas
30 (2006), 2, 179-206
| Francis (ed.) Kramarz, et al.
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In this study, we investigated the relationship between changes in demand-side determinants and changes in hospital admissions. We used longitudinal market-wide data, including a novel detailed measure of population morbidity. To assess the effect of ageing, we interacted age with shifts in the population structure for both the surviving population and the population in their last year of life. We ...
In:
European Journal of Health Economics
20 (2019), 5, 715-728
| Jonas Krämer, Jonas Schreyögg
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Longitudinal studies have documented improvements in parents’ life satisfaction due to childbearing, followed by postpartum adaptation back to baseline. However, the details underlying this process remain largely unexplored. Based on past literature, set-point theory, and results from an exploratory sample, we investigated empirically how first childbirth affected satisfaction with specific domains ...
In:
Journal of Personality and Social Psychology
119 (2020), 6, 1497–1514
| Michael D. Krämer, Joseph Lee Rodgers