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  1. The foreign investment effects of tax treaties
    Published: 2014
    Publisher:  Oxford University Centre for Business Taxation, Oxford

    Staats- und Universitätsbibliothek Bremen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Oxford University Centre for Business Taxation ; 14,03
    Subjects: bilateral tax treaties; instrumental variables; FDI; treaty shopping
    Scope: Online-Ressource (26 S.), graph. Darst.
  2. Rainy day politics
    an instrumental variables approach to the effect of parties on political outcomes
    Published: 2014
    Publisher:  CESifo, München

    Rain affects electoral turnout both through a direct effect on the cost of voting and by changing the opportunity cost. In a panel of Norwegian municipalities I find that rain on Election Day increases turnout. As turnout affects electoral outcomes,... more

    Staats- und Universitätsbibliothek Bremen
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    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 63 (4911)
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    Rain affects electoral turnout both through a direct effect on the cost of voting and by changing the opportunity cost. In a panel of Norwegian municipalities I find that rain on Election Day increases turnout. As turnout affects electoral outcomes, rain provides an exogeneous source of variation, and hence an instrument, for the party composition of the municipal council. I use this to estimate the causal effect of party composition on politics. I find that an increased share to left wing parties shift spending from education to kindergartens. Beyond this, there are few strong causal effects of political composition.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/102211
    RVK Categories: QB 910
    Series: Array ; 4911
    Subjects: rain; electoral turnout; instrumental variables; economic policy
    Scope: Online-Ressource (38 S.), graph. Darst., Kt.
  3. The foreign investment effects of tax treaties
    Published: 2014
    Publisher:  CPB Netherlands Bureau for Economic Policy Analysis, The Hague

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789058336286
    Series: CPB discussion paper ; 265
    Subjects: bilateral tax treaties; instrumental variables; FDI; treaty shopping
    Scope: Online-Ressource (26 S.), graph. Darst.
  4. Cohort size and youth unemployment in Europe
    a regional analysis
    Published: 2014
    Publisher:  Univ., Dep. of Business Administration & Economics, Marburg

    Will the projected decline in the youth share of European countries' populations alleviate the currently high levels of youth unemployment in Europe? Economic theory predicts that in the absence of perfectly competitive labour markets, changes in the... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 102 (2014,40)
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    Will the projected decline in the youth share of European countries' populations alleviate the currently high levels of youth unemployment in Europe? Economic theory predicts that in the absence of perfectly competitive labour markets, changes in the relative size of age groups will cause changes in age-specific unemployment rates. In light of the expected development of the youth population's size over the coming decades, this paper utilises the existing heterogeneity in the structure of youth populations across European countries and regions to identify the effect of nationally and regionally defined age-cohort size on the probability of young individuals being unemployed. To account for the possibility that individuals self-select into areas of low unemployment, the empirical analysis employs an instrumental variables estimator to identify the causal effect of age-cohort size. The results show that individuals in larger cohorts are more likely to be unemployed and that this effect is more pronounced when analysis is conducted at the regional level. While shrinking youth cohorts therefore have the potential to contribute to improving the current youth unemployment situation, this mechanism should not be relied in isolation upon due to the relatively greater importance of changes in the macroeconomic environment.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/105077
    Series: Joint discussion paper series in economics ; 40-2014
    Subjects: Cohort size; unemployment; regional labour markets; causal effect; instrumental variables; EU-SILC
    Scope: Online-Ressource (32 S.), graph. Darst.
  5. Spillover effects of maternal education on child's health and health behavior
    Published: [2013]
    Publisher:  Springer], [Berlin

    This study investigates the effects of maternal education on child's health and health behavior. We draw on a rich German panel data set containing information about three generations. This allows instrumenting maternal education by the number of her... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DSM
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    This study investigates the effects of maternal education on child's health and health behavior. We draw on a rich German panel data set containing information about three generations. This allows instrumenting maternal education by the number of her siblings while conditioning on grandparental characteristics. The instrumental variables approach has not yet been used in the intergenerational context and works for the sample sizes of common household panels. We find substantial effects on health behavior for adolescent daughters, but neither for adolescent sons nor for the health status of newborns. We show that possible concerns for the validity of the instrument are unlikely to compromise these results. We discuss mother's health behavior, assortative mating, household income, and child¿s schooling track as possible channels of the estimated effects. Maternal education seems to affect daughter's smoking behavior through the higher likelihood of the daughter pursuing a higher secondary schooling track.

     

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    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/97513
    Parent title: Sonderdruck aus: [Review of economics of the household ; 11,1];
    Subjects: intergenerational mobility; health; health behavior; instrumental variables; Mobilität (STW); Bildung (STW); Gesundheit (STW); Kinder (STW); Mütter (STW)
    Scope: Online-Ressource (31 S.), graph. Darst.
  6. Does job insecurity deteriorate health?
    a causal approach for Europe
    Published: 2014
    Publisher:  IZA, Bonn

    This paper estimates the causal effect of perceived job insecurity - i.e. the fear of involuntary job loss - on health in a sample of men from 22 European countries. We rely on an original instrumental variable approach based on the idea that workers... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4 (8299)
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    This paper estimates the causal effect of perceived job insecurity - i.e. the fear of involuntary job loss - on health in a sample of men from 22 European countries. We rely on an original instrumental variable approach based on the idea that workers perceive greater job security in countries where employment is strongly protected by the law, and relatively more so if employed in industries where employment protection legislation is more binding, i.e. in industries with a higher natural rate of dismissals. Using cross-country data from the 2010 European Working Conditions Survey, we show that when the potential endogeneity of job insecurity is not accounted for, the latter appears to deteriorate almost all health outcomes. When tackling the endogeneity issue by estimating an IV model and dealing with potential weak-instrument issues, the health-damaging effect of job insecurity is confirmed for a limited subgroup of health outcomes, namely suffering from headaches or eyestrain and skin problems. As for other health variables, the impact of job insecurity appears to be insignificant at conventional levels.

     

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    Format: Online
    Other identifier:
    hdl: 10419/101936
    Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 8299
    Subjects: job insecurity; health; instrumental variables
    Scope: Online-Ressource (38 S.), graph. Darst.
  7. First-come first-served
    identifying the demand effect of immigration inflows on house prices
    Published: 2014
    Publisher:  SERC, London

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Keine Speicherung
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    Media type: Book
    Format: Online
    Series: SERC discussion paper ; 160
    Subjects: Immigration; housing markets; instrumental variables
    Scope: Online-Ressource (45 S.), graph. Darst.
  8. Does bilateral trust affect international movement of goods and labor?
    conference paper
    Published: 2013
    Publisher:  ZBW, [Kiel

    Trust in the citizens of a potential partner country may affect the decision to trade with or to migrate to a foreign country. This paper employs panel data to examine the causal impact of such bilateral trust on international trade and migration... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DSM 13
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    Trust in the citizens of a potential partner country may affect the decision to trade with or to migrate to a foreign country. This paper employs panel data to examine the causal impact of such bilateral trust on international trade and migration patterns. We apply instrumental variables (IV) approaches that capture the exogenous variance of bilateral trust separately with various indicators of genetic ("somatic") distance between country-pairs. These indicators work equally well at the first stage. However, second-stage results very much depend on the exact measure employed as instrument. We conclude that there is little evidence that bilateral trust affects international movements of goods and labor. Moreover, we highlight the potential fragility of IV estimations even when the instruments seem plausible on theoretical grounds and when standard statistical tests confirm their validity.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/79956
    Series: Array ; V2
    Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 7385
    Subjects: bilateral trust; international migration; international trade; instrumental variables; somatic distance
    Scope: Online-Ressource (30 S.)
  9. Do public investments increase employment in a recession?
    evidence from Germany ; conference paper
    Published: 2013
    Publisher:  ZBW, [Kiel

    In 2009, Germany invested 15.4 Billion Euro in infrastructure to avert the looming recession. In this study, we evaluate whether the German stimulus program was successful in limiting the impact of the crisis on the job market. We exploit exogenous... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DSM 13
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    In 2009, Germany invested 15.4 Billion Euro in infrastructure to avert the looming recession. In this study, we evaluate whether the German stimulus program was successful in limiting the impact of the crisis on the job market. We exploit exogenous cross-sectional variation to identify the casual effect of stimulus investment on the change in unemployment on the county level. By law, 65 percent of the stimulus funds were earmarked for the renovation of existing school buildings. Thus a large part of all investment was predetermined by the number and size of schools in a county which are plausibly exogenous to local economic conditions. Thus a large part of all investment was predetermined by the number and size of schools in a county which are plausibly exogenous to local economic conditions during the crisis. This opens up the possibility to use the number of schools and students as instrumental variables for stimulus investment. Our IV-estimates indicate that the stimulus program was successful in reducing the number of unemployed: On average, one job was created for every 44,000 Euro spent. This result is in line with estimates for the effectiveness of the US stimulus program. We validate our IV strategy with extensive falsification exercises and various robustness checks.

     

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    Source: Union catalogues
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    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/79826
    Series: Array ; V1
    Subjects: Fiscal policy; jobs multiplier; stimulus spending; instrumental variables
    Scope: Online-Ressource (21 S.), graph. Darst.
  10. The impact of diabetes on employment in Mexico
    Published: 2014
    Publisher:  Univ. of East Anglia, Health Economics Group, Norwich

    This study explores the impact of diabetes on employment in Mexico using data from the Mexican Family Life Survey (MxFLS) (2005), taking into account the possible endogeneity of diabetes via an instrumental variable estimation strategy. We find that... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 425 (2014,3)
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    This study explores the impact of diabetes on employment in Mexico using data from the Mexican Family Life Survey (MxFLS) (2005), taking into account the possible endogeneity of diabetes via an instrumental variable estimation strategy. We find that diabetes significantly decreases employment probabilities for men by about 9.9 percent (p<0.01) and somewhat less so for women - 4.2 percent (p<0.1) - without any indication of diabetes being endogenous. Further analysis shows that diabetes mainly affects the employment probabilities of people above the age of 44 and also has stronger effects on the poor than on the rich, particularly for men. Our results highlight -for the first time - the detrimental employment impact of diabetes in a developing country.

     

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    Other identifier:
    hdl: 10419/119798
    Series: HEG working paper ; 14-03
    Subjects: Diabetes; Beschäftigungseffekt; Mexiko; diabetes; employment; instrumental variables; Mexico
    Scope: Online-Ressource (31 S.)
  11. Resurgence of instrument variable estimation and fallacy of endogeneity
    Author: Qin, Duo
    Published: 2014
    Publisher:  Kiel Inst. for the World Economy, Kiel

    This paper investigates the nature of the IV method for tackling endogeneity. By tracing the rise and fall of the method in macroeconometrics and its subsequent revival in microeconometrics, it pins the method down to an implicit model... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 112 (2014,42)
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    This paper investigates the nature of the IV method for tackling endogeneity. By tracing the rise and fall of the method in macroeconometrics and its subsequent revival in microeconometrics, it pins the method down to an implicit model respecification device - breaking the circular causality of simultaneous relations by redefining it as an asymmetric one conditioning on a non-optimal conditional expectation of the assumed endogenous explanatory variable, thus rejecting that variable as a valid conditional variable. The revealed nature explains why the IV route is popular for models where endogeneity is superfluous whereas measurement errors are of the key concern.

     

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    Language: English
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    Format: Online
    Other identifier:
    hdl: 10419/103207
    Series: Economics / Discussion papers ; 2014-42
    Subjects: Endogeneity; instrumental variables; simultaneity; omitted variable bias; multicollinearity
    Scope: Online-Ressource ([1], 35 S.), graph. Darst.
  12. Follow your heart
    survival chances and costs after heart attacks ; an instrumental variable approach
    Published: 2014
    Publisher:  Univ. of Innsbruck, Inst. für Finanzwiss., Innsbruck

    We analyze mortality and follow-up costs of heart attack patients using administrative data from Austria from 2002-2011. As treatment intensity in a hospital largely depends on whether it has a catheterization laboratory, we focus on the effects of... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 395 (2014,26)
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    We analyze mortality and follow-up costs of heart attack patients using administrative data from Austria from 2002-2011. As treatment intensity in a hospital largely depends on whether it has a catheterization laboratory, we focus on the effects of patients' initial admission to these specialized hospitals. To account for the nonrandom selection of patients into hospitals, we exploit individuals' place of residence as a source of exogenous variation in an instrumental variable framework. We find that the initial admission to specialized hospitals increases patients' survival chances substantially. The effect on 3-year mortality is -9.5 percentage points. A separation of the sample into subgroups shows the strongest effects in relative terms for patients below the age of 65. We do not find significant effects on long-term inpatient costs and find only marginal increases in outpatient costs.

     

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    Format: Online
    Other identifier:
    hdl: 10419/122213
    Series: Working papers in economics and statistics ; 2014-26
    Subjects: Acute myocardial infarction; mortality; costs; instrumental variables
    Scope: Online-Ressource (24 S.)
  13. Generalised instrumental variable models
    Published: 2013
    Publisher:  Centre for Microdata Methods and Practice, London

    The ability to allow for flexible forms of unobserved heterogeneity is an essential ingredient in modern microeconometrics. In this paper we extend the application of instrumental variable (IV) models to a wide class of problems in which multiple... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 243 (2013,43)
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    The ability to allow for flexible forms of unobserved heterogeneity is an essential ingredient in modern microeconometrics. In this paper we extend the application of instrumental variable (IV) models to a wide class of problems in which multiple values of unobservable variables can be associated with particular combinations of observed endogenous and exogenous variables. In our Generalised Instrumental Variable (GIV) models, in contrast to traditional IV models, the mapping from unobserved heterogeneity to endogenous variables need not admit a unique inverse. The class of GIV models allows unobservables to be multivariate and to enter nonseparably into the determination of endogenous variables, thereby removing strong practical limitations on the role of unobserved heterogeneity. Important examples include models with discrete or mixed continuous/discrete outcomes and continuous unobservables, and models with excess heterogeneity where many combinations of different values of multiple unobserved variables, such as random coefficients, can deliver the same realisations of outcomes. We use tools from random set theory to study identification in such models and provide a sharp characterisation of the identified set of structures admitted. We demonstrate the application of our analysis to a continuous outcome model with an interval-censored endogenous explanatory variable.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/97415
    Series: Cemmap working paper / Centre for Microdata Methods and Practice ; 43/13
    Subjects: instrumental variables; endogeneity; excess heterogeneity; limited information; set identification; partial identification; random sets; incomplete models
    Scope: Online-Ressource (52 S.), graph. Darst.
  14. Education, birth order, and family size
    Published: 2013
    Publisher:  IZA, Bonn

    We introduce a general framework to analyze the trade-off between education and family size. Our framework incorporates parental preferences for birth order and delivers theoretically consistent birth order and family size effects on children's... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4 (7454)
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    We introduce a general framework to analyze the trade-off between education and family size. Our framework incorporates parental preferences for birth order and delivers theoretically consistent birth order and family size effects on children's educational attainment. We develop an empirical strategy to identify these effects. We show that the coefficient on family size in a regression of educational attainment on birth order and family size does not identify the family size effect as defined within our framework, even when the endogeneity of both birth order and family size are properly accounted for. Using Danish administrative data we test the theoretical implications of the model. The data does not reject our theory. We find significant birth order and family size effects in individuals' years of education thereby confirming the presence of a quantity-quality trade off.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/80666
    Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 7454
    Subjects: Kinder; Bildungsniveau; Familiensoziologie; Dänemark; quantity-quality trade off; fertility models; fixed-effects; instrumental variables
    Scope: Online-Ressource (39, 7 S.), graph. Darst.
  15. Generalized instrumental variable models
    Published: 2014
    Publisher:  Centre for Microdata Methods and Practice, London

    The ability to allow for flexible forms of unobserved heterogeneity is an essential ingredient in modern microeconometrics. In this paper we extend the application of instrumental variable (IV) methods to a wide class of problems in which multiple... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 243 (2014,4)
    No inter-library loan

     

    The ability to allow for flexible forms of unobserved heterogeneity is an essential ingredient in modern microeconometrics. In this paper we extend the application of instrumental variable (IV) methods to a wide class of problems in which multiple values of unobservable variables can be associated with particular combinations of observed endogenous and exogenous variables. In our Generalized Instrumental Variable (GIV) models, in contrast to traditional IV models, the mapping from unobserved heterogeneity to endogenous variables need not admit a unique inverse. The class of GIV models allows unobservables to be multivariate and to enter non-separably into the determination of endogenous variables, thereby removing strong practical limitations on the role of unobserved heterogeneity. Important examples include models with discrete or mixed continuous/discrete outcomes and continuous unobservables, and models with excess heterogeneity where many combinations of different values of multiple unobserved variables, such as random coefficients, can deliver the same realizations of outcomes. We use tools from random set theory to study identification in such models and provide a sharp characterization of the identified set of structures admitted. We demonstrate the application of our analysis to a continuous outcome model with an interval-censored endogenous explanatory variable.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/97370
    Series: Cemmap working paper / Centre for Microdata Methods and Practice ; 04/14
    Subjects: instrumental variables; endogeneity; excess heterogeneity; limited information; set identification; partial identification; random sets; incomplete models
    Scope: Online-Ressource (60 S.), graph. Darst.
  16. Testing the internal validity of compulsory school reforms as instrument for years of schooling
    Published: 2013
    Publisher:  IZA, Bonn

    In the large empirical literature that investigates the causal effects of education on outcomes such as health, wages and crime, it is customary to measure education with years of schooling, and to identify these effects using the exogenous variation... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4 (7533)
    No inter-library loan

     

    In the large empirical literature that investigates the causal effects of education on outcomes such as health, wages and crime, it is customary to measure education with years of schooling, and to identify these effects using the exogenous variation provided by school reforms increasing compulsory education and minimum school leaving age. If these reforms are correlated to changes in school quality, and school quality is an omitted variable, this identification strategy may fail. We test whether this is the case by using the information provided by two distinct test scores on mathematics and reading and find that we cannot reject the internal validity of this popular identification strategy.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/80644
    Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 7533
    Subjects: human capital; instrumental variables; nested models
    Scope: Online-Ressource (27 S.), graph. Darst.
  17. Smoking, discount rates, and returns to education
    Published: 2000
    Publisher:  Univ., Dep. of Economics, Linz

    Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 as an instrument for schooling in order to cope... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 398 (2000,2)
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    Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 as an instrument for schooling in order to cope with ability bias in a returns to education regression. Doing this for Austrian cross-sectional data, we find no evidence of ability bias.

     

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    Other identifier:
    hdl: 10419/73222
    Series: Working paper / Department of Economics, Johannes Kepler University of Linz ; 0002
    Subjects: Bildungsertrag; Rauchen; Soziale Diskontrate; Österreich; returns to education; instrumental variables; ability bias; discount rates
    Scope: Online-Ressource (9 S.)
  18. The long-run effects of attending an elite school
    evidence from the UK
    Published: 2014
    Publisher:  ISER, [Colchester]

    This paper estimates the impact of elite school attendance on long- run outcomes including completed education, income and fertility. Our data consists of individuals born in the 1950s and educated in a UK dis- trict that assigned students to either... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 169 (2014,5)
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    This paper estimates the impact of elite school attendance on long- run outcomes including completed education, income and fertility. Our data consists of individuals born in the 1950s and educated in a UK dis- trict that assigned students to either elite or non-elite secondary schools. Using instrumental variables methods that exploit the school assign- ment formula, we find that elite school attendance had large impacts on completed education. For women, we find that elite school attendance generated large improvements in labor market outcomes and significant decreases in fertility; for men, we find no elite school impacts on any of these later-life outcomes.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/95665
    Series: ISER Working Paper Series ; 2014-05
    Subjects: Weiterführende Schule; Dienstleistungsqualität; Bildungsabschluss; Bildungsertrag; Fertilität; Frauen; Kohortenanalyse; IV-Schätzung; Schottland; Education; school quality; instrumental variables
    Scope: Online-Ressource (44, 30 S.), graph. Darst.
  19. Food for thought?
    breastfeeding and child development
    Published: 2013
    Publisher:  Inst. for Fiscal Studies, London

    We show that children who are born at the weekend or just before are less likely to be breastfed, owing to poorer breastfeeding support services at weekends. We use this variation to estimate the effect of breastfeeding on children's development for... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 141 (2013,31)
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    We show that children who are born at the weekend or just before are less likely to be breastfed, owing to poorer breastfeeding support services at weekends. We use this variation to estimate the effect of breastfeeding on children's development for a sample of uncomplicated births from low educated mothers. We find that breastfeeding has large effects on children's cognitive development, but not on non-cognitive development or health. Regarding mechanisms, we estimate how breastfeeding affects parental investments in the child and the quality of the mother-child relationship.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/91544
    Series: IFS working papers ; W13/31
    Subjects: Breastfeeding; timing of birth; hospital support; instrumental variables; optimal instruments; cognitive and non-cognitive development; health
    Scope: Online-Ressource (33, [67] S.), graph. Darst.
  20. Instrumental variables estimation of a generalized correlated random coefficients model
    Published: 2014
    Publisher:  Centre for Microdata Methods and Practice, London

    We study identification and estimation of the average treatment effect in a correlated random coefficients model that allows for first stage heterogeneity and binary instruments. The model also allows for multiple endogenous variables and... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 243 (2014,2)
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    We study identification and estimation of the average treatment effect in a correlated random coefficients model that allows for first stage heterogeneity and binary instruments. The model also allows for multiple endogenous variables and interactions between endogenous variables and covariates. Our identification approach is based on averaging the coefficients obtained from a collection of ordinary linear regressions that condition on different realizations of a control function. This identification strategy suggests a transparent and computationally straightforward estimator of a trimmed average treatment effect constructed as the average of kernel-weighted linear regressions. We develop this estimator and establish its √n-consistency and asymptotic normality. Monte Carlo simulations show excellent finite-sample performance that is comparable in precision to the standard two-stage least squares estimator. We apply our results to analyze the effect of air pollution on house prices, and find substantial heterogeneity in first stage instrument effects as well as heterogeneity in treatment effects that is consistent with household sorting.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/97380
    Series: Cemmap working paper / Centre for Microdata Methods and Practice ; 02/14
    Subjects: correlated random coefficients; instrumental variables; unobserved heterogeneity; semiparametrics; hedonic models; residential sorting; valuation of clean air
    Scope: Online-Ressource (42 S.), graph. Darst.
  21. Long-term consequences of an innovative redundancy retraining project
    the Austrian Steel Foundation
    Published: 2000
    Publisher:  Univ., Dep. of Economics, Linz

    In the late 1980s privatization and down-sizing of nationalized steel mills and related firms in the metal industry have lead to large-scale redundancy plans. A special Steel Foundation was created as part of a social plan. This foundation acted like... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 398 (2000,29)
    No inter-library loan

     

    In the late 1980s privatization and down-sizing of nationalized steel mills and related firms in the metal industry have lead to large-scale redundancy plans. A special Steel Foundation was created as part of a social plan. This foundation acted like an independent training center, where displaced workers would spend relatively long training periods (sometimes several years), obtaining personality and orientation training, as well as formal education. The last step of the integrative program was placement assistance as well as assistance for creating one's own business. The foundation was financed by (higher) contributions from unemployment insurance funds, by the previous firms themselves, as well as by a collectively-bargained special tax on the remaining workers in the steel firms. Moreover the trainees themselves would have to support the foundation by giving up the interest accruing to their redundancy payments. I use combined data from Austrian social security records and from the Employment Service to look at participation decisions and on post-foundation economic performance, i.e. days worked and wage growth. As a control group I take all displaced workers from the firms who formed the foundation, using Instrumental Variables to solve the selection problem. The results show considerable wage gains - even for a period of five years after leaving the Foundation - as well as improved employment prospects. Finally, a cost-benefit analysis is performed to assess the long-term success of the Foundation.

     

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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/73221
    Edition: Revised Version
    Series: Working paper / Department of Economics, Johannes Kepler University of Linz ; 0029
    Subjects: Stahlindustrie; Sozialplan; Umschulung; Arbeitsmarktpolitik; Kosten-Nutzen-Analyse; Österreich; Personalabbau; Arbeitsmarktintegration; labor market programs; evaluation; cost-benefit analysis; instrumental variables
    Scope: Online-Ressource (50 S.), graph. Darst.
  22. When banana import restrictions lead to exports
    a tale of cyclones and quarantine policies
    Published: 2014
    Publisher:  IZA, Bonn

    This paper examines the welfare loss of import restrictions on bananas in Australia and whether the import restrictions have turned into a particular form of export promotion. We set up a model in which there is free domestic entry, with banana... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4 (7988)
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    This paper examines the welfare loss of import restrictions on bananas in Australia and whether the import restrictions have turned into a particular form of export promotion. We set up a model in which there is free domestic entry, with banana producers accepting losses in normal years, off-set by large profits in years when cyclones destroy a large proportion of the banana plants because of sufficiently low elasticity of demand. Using the cyclones of 2006 and 2011 as exogenous events, we identify the elasticity of demand for bananas in Australia to be around -0.5. We indeed find limited evidence for an "over-shooting" in terms of the supply response after these cyclones, leading to positive exports years after cyclones have hit and re-planted banana plants have become productive. Combining the elasticity estimates with information on turnover, we get an estimated welfare loss of 600 million dollars per year due to banana import restrictions.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/93369
    Series: Discussion paper series / Forschungsinstitut zur Zukunft der Arbeit ; 7988
    Subjects: competition; import restrictions; exogenous shocks; instrumental variables; surplus
    Scope: Online-Ressource (28 S.), graph. Darst.
  23. Selective-referral and unobserved patient heterogeneity
    bias in the volume-outcome relationship ; conference paper
    Published: 2014
    Publisher:  ZBW, [Kiel

    This paper examines the causal effect of volume on outcome on the example of patients with a hip fracture. We use an instrumental variable approach and consider both the practice-makes-perfect and selective-referral hypothesis as well as unobserved... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DSM 13
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    This paper examines the causal effect of volume on outcome on the example of patients with a hip fracture. We use an instrumental variable approach and consider both the practice-makes-perfect and selective-referral hypothesis as well as unobserved patient heterogeneity. Our results indicate that unobserved severity drives the results in the volume-outcome relationship for hip fracture patients and with this the practice-makes-perfect hypothesis has an even stronger effect on hospital quality than expected so far.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/100299
    Edition: Preliminary
    Series: Array ; V2
    Subjects: volume; hospital quality; mortality; instrumental variables
    Scope: Online-Ressource (25 S.)
  24. Are s people better samaritans?
    effect of cognitive abilities on pro-social behaviors
    Published: [2014]
    Publisher:  Department of Economics, Ca’ Foscari University of Venice, Venice Italy

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Ca' Foscari University of Venice, Department of Economics ; 2014, no. 06
    Subjects: Cognitive ability; civic engagement; instrumental variables; risk aversion; we-rationality
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  25. Demand of long-term care and benefit eligibility across European countries
    Published: [2015]
    Publisher:  Department of Economics, Ca’ Foscari University of Venice, Venice Italy

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / Ca' Foscari University of Venice, Department of Economics ; 2015, no. 26
    Subjects: home care; instrumental variables; unmet demand; SHARE data
    Scope: 1 Online-Ressource (circa 35 Seiten)