Now showing items 31-40 of 137
China in Light of the Performance of Central and East European Economies
(2007-01)
While China shared many systemic, initial conditions with the transition economies of Central-East Europe (CEE) and the Commonwealth of Independent States (CIS), it had a more agricultural economy and a more stable ...
Consumption, Retirement, and Social Security: Evaluating the Efficiency of Reform with a Life-Cycle Model.
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2006-11)
This paper analyzes the effect of a potential reform to the Social Security system on individuals’ retirement and consumption choices. We first estimate the coefficients for a life-cycle model. We assume intratemporally ...
Does violent conflict make chronic poverty more likely? the Mindanao experience
(UP School of Economics and the Philippine Economic Society, 2003-12)
This paper investigates whether provinces with violent conflict are more likely to
experience higher rates of chronic poverty. Following the findings that education and
health outcomes are key determinants of chronic ...
Home Production by Dual Earner Couples and Consumption During Retirement.
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2006-11)
To study the role of home production in life-cycle behavior, this paper creates a theoretical model in which both spouses in a couple allocate their time between market and home work. It then derives a pair of regression ...
Self-Confirming Price Prediction for Bidding in Simultaneous Ascending Auctions
(2005-07)
Simultaneous ascending auctions present agents
with the exposure problem: bidding to acquire a
bundle risks the possibility of obtaining an undesired
subset of the goods. Auction theory provides
little guidance for ...
Two-sided Learning in an Agent Economy for Information Bundles
(2000)
Commerce in information goods is one of the earliest emerging applications for intelligent agents in commerce. However, the fundamental characteristics of information goods mean that they can and likely will be offered in ...
Unemployment In East and West Europe
(2007-06-13)
In this paper, we use 1991-2005 panel data on the unemployed, vacancies, inflow into unemployment, and outflow from unemployment in five former communist economies and in the western part of Germany (a benchmark western ...
Secular Changes in Wealth Inequality and Inheritance
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2001-10)
Data suggest the distribution of wealth among households in the United States and the United Kingdom has become more equal over the last century - though the pattern may have reversed recently. This paper shows that a model ...
Type interaction models and the rule of six
(Springer-Verlag; Springer, 2005-11-11)
In this paper, I describe and analyze a class of type interaction models. In these models, an infinite population of agents with discrete types interact in groups of fixed size and possibly change their types as a function ...
Cognition and Wealth: The Importance of Probabilistic Thinking
(Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104, 2001-06)
This paper utilizes a large set of subjective probability questions from the Health and Retirement Survey to construct an index measuring the precision of probabilistic beliefs (PPB) and relates this index to household ...