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Gender and Regional Differences in Self-Rated Health in Europe 欧洲自评健康的性别和地区差异
CEIS: Centre for Economic & International Studies Working Paper Series Pub Date : 2008-10-01 DOI: 10.2139/ssrn.1434488
Franco Peracchi, C. Rossetti
{"title":"Gender and Regional Differences in Self-Rated Health in Europe","authors":"Franco Peracchi, C. Rossetti","doi":"10.2139/ssrn.1434488","DOIUrl":"https://doi.org/10.2139/ssrn.1434488","url":null,"abstract":"This paper shows that gender and regional differences in self-rated health in Europe are partly explained by differences in the prevalence of the various conditions. However, a non-negligible part of these differences is due to other causes, which may include differences in reporting own health. We employ the tool of “anchoring vignettes” to understand whether and how women and men living in different regions differently report levels in a number of health components or domains. We find that vignettes help identifying gender and regional differences in response scales. After controlling for these differences, both gender and regional variation in reported health is substantially reduced, although not entirely eliminated. Our results suggest that differences in response style should be taken into account when using self-assessment of health in socio-economic studies. Failing to do so may lead to misleading conclusions.","PeriodicalId":416571,"journal":{"name":"CEIS: Centre for Economic & International Studies Working Paper Series","volume":"89 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122473656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 14
Easterlin-Types and Frustrated Achievers: The Heterogeneous Effects of Income Changes on Life Satisfaction 伊斯特林类型与失意者:收入变化对生活满意度的异质性影响
CEIS: Centre for Economic & International Studies Working Paper Series Pub Date : 2008-08-08 DOI: 10.2139/ssrn.1212802
L. Becchetti, L. Corrado, F. Rossetti
{"title":"Easterlin-Types and Frustrated Achievers: The Heterogeneous Effects of Income Changes on Life Satisfaction","authors":"L. Becchetti, L. Corrado, F. Rossetti","doi":"10.2139/ssrn.1212802","DOIUrl":"https://doi.org/10.2139/ssrn.1212802","url":null,"abstract":"We investigate the relationship between money and happiness across the waves of the British Household Panel Study by using a latent class approach which accounts for slope heterogeneity, omitted variable bias and departures from normality assumptions. Our findings reveal the presence of a vast majority of \"Easterlin-type\" individuals with positive but very weak relationship between changes in income and changes in happiness and a small minority (2 percent) of \"frustrated achievers\" with negative relationship. Such share is much below descriptive evidence on frustrated achievement (17.5 percent). The probability of belonging to such group is shown to be positively related with divorced status and negatively related to education and relative (personal to reference group) income. Our interpretation of these results is that the standard concave money-happiness relationship provides a partial and incomplete picture of the complex nexus between happiness and income as it does not take into account two important phenomena: the role of peers and of reference group income and that of the dynamics between realisations and expectations.","PeriodicalId":416571,"journal":{"name":"CEIS: Centre for Economic & International Studies Working Paper Series","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116658177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 11
Active and Passive Waste in Government Spending: Evidence from a Policy Experiment 政府支出的主动与被动浪费:来自政策实验的证据
CEIS: Centre for Economic & International Studies Working Paper Series Pub Date : 2008-03-01 DOI: 10.2139/ssrn.1115339
O. Bandiera, A. Prat, T. Valletti
{"title":"Active and Passive Waste in Government Spending: Evidence from a Policy Experiment","authors":"O. Bandiera, A. Prat, T. Valletti","doi":"10.2139/ssrn.1115339","DOIUrl":"https://doi.org/10.2139/ssrn.1115339","url":null,"abstract":"We propose a distinction between active waste and passive waste as determinants of the cost of public services. Active waste entails utility for the public decision maker (as in the case of bribery) whereas passive waste does not (as in the case of inefficiency due to red tape). To assess the empirical relevance of both forms of waste, we analyze purchases of standardized goods by Italian public bodies and exploit a policy experiment associated with a national procurement agency. A revealed preference argument implies that if public bodies with higher costs are more likely to buy from the procurement agency rather than from traditional suppliers, cost differences are more likely to be due to passive waste. We find that: (i) Some public bodies pay systematically more than others for observationally equivalent goods and such price differences are sizeable; (ii) Differences are correlated with governance structure: the central administration pays at least 22% more than semi-autonomous agencies (local government is at an intermediate level); (iii) The variation in prices across public bodies is principally due to variation in passive rather than active waste; (iv) Passive waste accounts for 83% of total estimated waste.","PeriodicalId":416571,"journal":{"name":"CEIS: Centre for Economic & International Studies Working Paper Series","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123230812","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 418
Real Time Estimation in Local Polynomial Regression, with Application to Trend-Cycle Analysis
CEIS: Centre for Economic & International Studies Working Paper Series Pub Date : 2008-02-01 DOI: 10.2139/ssrn.1114883
Tommaso Proietti, A. Luati
{"title":"Real Time Estimation in Local Polynomial Regression, with Application to Trend-Cycle Analysis","authors":"Tommaso Proietti, A. Luati","doi":"10.2139/ssrn.1114883","DOIUrl":"https://doi.org/10.2139/ssrn.1114883","url":null,"abstract":"The paper focuses on the adaptation of local polynomial filters at the end of the sample period. We show that for real time estimation of signals (i.e. exactly at the boundary of the time support) we cannot rely on the automatic adaptation of the local polynomial smoothers, since the direct real time filter turns out to be strongly localised, and thereby yields extremely volatile estimates. As an alternative we evaluate a general family of asymmetric filters that minimises the mean square revision error subject to polynomial reproduction constraints; in the case of the Henderson filter it nests the well known Musgrave's surrogate filters. The class of filters depends on unknown features of the series such as the slope and the curvature of the underlying signal, which can be estimated from the data. Several empirical examples illustrate the effectiveness of our proposal. We also discuss the merits of using a nearest neighbour bandwidth as opposed to a fixed bandwidth for improving the quality of the approximation.","PeriodicalId":416571,"journal":{"name":"CEIS: Centre for Economic & International Studies Working Paper Series","volume":"6 5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126716416","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 21
Structural Time Series Models for Business Cycle Analysis 经济周期分析的结构时间序列模型
CEIS: Centre for Economic & International Studies Working Paper Series Pub Date : 2008-01-01 DOI: 10.2139/ssrn.1114854
Tommaso Proietti
{"title":"Structural Time Series Models for Business Cycle Analysis","authors":"Tommaso Proietti","doi":"10.2139/ssrn.1114854","DOIUrl":"https://doi.org/10.2139/ssrn.1114854","url":null,"abstract":"The chapter deals with parametric models for the measurement of the business cycle in economic time series. It presents univariate methods based on parametric trend-cycle decompositions and multivariate models featuring a Phillips-type relationship between the output gap and inflation and the estimation of the gap using mixed frequency data. We finally address the issue of assessing the accuracy of the output gap estimates.","PeriodicalId":416571,"journal":{"name":"CEIS: Centre for Economic & International Studies Working Paper Series","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2008-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130427447","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 20
A Unifying Framework for Analysing Common Cyclical Features in Cointegrated Time Series 分析协整时间序列共同周期特征的统一框架
CEIS: Centre for Economic & International Studies Working Paper Series Pub Date : 2007-05-01 DOI: 10.2139/ssrn.986126
G. Cubadda
{"title":"A Unifying Framework for Analysing Common Cyclical Features in Cointegrated Time Series","authors":"G. Cubadda","doi":"10.2139/ssrn.986126","DOIUrl":"https://doi.org/10.2139/ssrn.986126","url":null,"abstract":"This paper provides a unifying framework in which the coexistence of different form of common cyclical features can be tested and imposed to a cointegrated VAR model. This goal is reached by introducing a new notion of common cyclical features, namely the weak form of polynomial serial correlation common features, which encompasses most of the previous ones. Statistical inference is obtained by means of reduced-rank regression, and alternative forms of common cyclical features are detected by means of tests for over-identifying restrictions on the parameters of the new model. Some iterative estimation procedures are then proposed for simultaneously modelling different forms of common features. Concepts and methods are illustrated by an empirical investigation of the US business cycle indicators.","PeriodicalId":416571,"journal":{"name":"CEIS: Centre for Economic & International Studies Working Paper Series","volume":"79 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129274762","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 29
The Impact of Vintage on the Persistence of Gross Domestic Product Shocks 年份对国内生产总值冲击持续性的影响
CEIS: Centre for Economic & International Studies Working Paper Series Pub Date : 2007-04-01 DOI: 10.2139/ssrn.982361
C. Macaro
{"title":"The Impact of Vintage on the Persistence of Gross Domestic Product Shocks","authors":"C. Macaro","doi":"10.2139/ssrn.982361","DOIUrl":"https://doi.org/10.2139/ssrn.982361","url":null,"abstract":"This paper aims to demonstrate that the data revision process affects the persistence of gross domestic product shocks. Results will contribute to the debate between unit root and linear models.","PeriodicalId":416571,"journal":{"name":"CEIS: Centre for Economic & International Studies Working Paper Series","volume":"228 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117108381","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
New Proposals for the Quantification of Qualitative Survey Data 关于定性调查数据量化的新建议
CEIS: Centre for Economic & International Studies Working Paper Series Pub Date : 2007-03-01 DOI: 10.2139/ssrn.967411
Tommaso Proietti, C. Frale
{"title":"New Proposals for the Quantification of Qualitative Survey Data","authors":"Tommaso Proietti, C. Frale","doi":"10.2139/ssrn.967411","DOIUrl":"https://doi.org/10.2139/ssrn.967411","url":null,"abstract":"In this paper we deal with several issues related to the quantification of business surveys. In particular, we propose and compare new ways of scoring the ordinal responses concerning the qualitative assessment of the state of the economy, such as the spectral envelope and cumulative logit unobserved components models, and investigate the nature of seasonality in the series. We conclude with an evaluation of the type of business cycle fluctuations that is captured by the qualitative surveys.","PeriodicalId":416571,"journal":{"name":"CEIS: Centre for Economic & International Studies Working Paper Series","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116995983","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 19
Inflation Persistence: Implications for a Design of Monetary Policy in a Small Open Economy Subject to External Shocks 通货膨胀持续性:受外部冲击影响的小型开放经济中货币政策设计的含义
CEIS: Centre for Economic & International Studies Working Paper Series Pub Date : 2007-03-01 DOI: 10.2139/ssrn.962665
Karlygash Kuralbayeva
{"title":"Inflation Persistence: Implications for a Design of Monetary Policy in a Small Open Economy Subject to External Shocks","authors":"Karlygash Kuralbayeva","doi":"10.2139/ssrn.962665","DOIUrl":"https://doi.org/10.2139/ssrn.962665","url":null,"abstract":"We analyze implications of inflation persistence for business cycle dynamics following terms of trade and risk-premium shocks in a small open economy, under fixed and flexible exchange rate regimes. We show that the country's adjustment paths are slow and cyclical if there is a significant backward-looking element in the inflation dynamics and the exchange rate is fixed. We also show that such cyclical adjustment paths are moderated if there is a high proportion of forward-looking price setters. In contrast, with an independent monetary policy, flexible exchange rate allows to escape severe cycles, supporting the conventional wisdom about the insulation role of flexible exchange rates.","PeriodicalId":416571,"journal":{"name":"CEIS: Centre for Economic & International Studies Working Paper Series","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127089759","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Forecasting Oil Price Movements: Exploiting the Information In the Future Market 预测石油价格走势:利用未来市场的信息
CEIS: Centre for Economic & International Studies Working Paper Series Pub Date : 2007-03-01 DOI: 10.2139/ssrn.967408
A. Coppola
{"title":"Forecasting Oil Price Movements: Exploiting the Information In the Future Market","authors":"A. Coppola","doi":"10.2139/ssrn.967408","DOIUrl":"https://doi.org/10.2139/ssrn.967408","url":null,"abstract":"Relying on the cost of carry model, we investigate the long-run relationship between spot and futures prices and use the information implied in these cointegrating relationships to forecast out of sample oil spot and futures price movements. In order to forecast oil price movements, we employ a Vector Error Correction Model (VECM), where the deviations from the long-run relationships between spot and futures prices constitute the equilibrium error. In order to evaluate forecasting performance we use the Random Walk Model (RWM) as a benchmark. We .nd that: (i) in-sample, the information in the futures market can explain a sizeable portion of oil price movements; (ii) out-of-sample, the VECM is able to beat the random walk model, both in terms of point forecasting and in terms of market timing ability","PeriodicalId":416571,"journal":{"name":"CEIS: Centre for Economic & International Studies Working Paper Series","volume":"375 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2007-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114789266","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
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