Panel Data

Chamberlain, Gary

doi:10.3386/w0913

Cited by 182 publications

(274 citation statements)

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“…The variance of consumption growth captures in fact the genuine association with shocks to income, but also the contribution of slope heterogeneity and measurement error. 19 The absolute value of the first-order autocovariance of consumption growth should be a good estimate of the variance of the imputation error. This is in fact quite high and approximately stable over time.…”

Section: Autocovariancementioning

confidence: 99%

Consumption inequality and partial insurance

Blundell¹,

Pistaferri²,

Preston³

2004

Working Paper Series

536

1,008

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This paper examines the transmission of income inequality into consumption inequality and in so doing investigates the degree of insurance to income shocks. Panel data on income from the PSID is combined with consumption data from repeated CEX cross-sections to identify the degree of insurance to permanent and transitory shocks. In the process we also present new evidence of the growth in the variance of permanent and transitory shocks in the US during the 1980s. We find some partial insurance of permanent income shocks with more insurance possibilities for the college educated and those nearing retirement. We find little evidence against full insurance for transitory income shocks except among low income households. Tax and welfare benefits are found to play an important role in insuring permanent shocks. Adding durable expenditures to the consumption measure suggests that durable replacement is an important insurance mechanism, especially for transitory income shocks.

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Section: Autocovariancementioning

confidence: 99%

Consumption inequality and partial insurance

Blundell¹,

Pistaferri²,

Preston³

2004

Working Paper Series

536

1,008

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“…We estimate the structural parameters ip by the minimum distance method (see, for instance, Chamberlain (1984)). An estimate of ij) is obtained by minimizing the quadratic form…”

Section: = •*($)mentioning

confidence: 99%

Rent assistance and housing demand

Koning¹,

Ridder

1997

Journal of Public Economics

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1 Tlie authoxs thank paitidpants at a seminar in Konstanz fox theii comments. Reraaining eirors are ours. The Cential Bureau of Statistics ptovided the data. AbstractWe examine the effect of a rent subsidy program, Rent Assistance, on the demand for rental housing in The Netherlands. Low-income households with a rent that exceeds a norm rent, but is smaller than a maximum rent are eligible for this subsidy, that is equal to a fraction of the difference between the rent and the norm rent. The RA program lowers the marginal price of housing services, but in order to get this price reduction households have to pay an implicit entry fee. To estimate the effect of the program we develop a structural model of housing demand. This model takes account of the partial take-up of the subsidy. We estimate a reduced form that is compatible with the structural model and we test the restrictions that the structural model imposes on the reduced form. We find that if we allow for application costs the structural restrictions are not rejected by the data. We use the model to decompose the observed difference in housing demand into income-, price and preference heterogeneity effects, to examine the effect of application costs and to study the total effect of RA on housing demand.

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“…However, the indication for the procedure and the technique used Number of pathologic cases** 1 « 2500) 1 « 7) 3 « 7.32) 4 (< 7.20) 5 (< -10.0) 0 « 2.6) * Fetal-maternal difference in excess lactate ** Definition in parentheses seem to play a prominent part in the occurrence of cerebral trauma, and hypoxia further increases the risk of intracranial damage [10]. Although LEI JON [11] found transient neurologic depression to be more frequent in non-asphyxiated VE-delivered neonates, the neurological, psychomotor, psychological and intellectual development of the babies do not seem to be affected by this method of delivery [12] provided it is applied to full-term fetuses and the operative delivery performed correctly, which suggests that the ventouse is indeed the "gentleman's instrument", as CHAMBERLAIN [13] called it. Recently, the heads of VE-delivered infants have been investigated by two new techniques.…”

Section: Discussionmentioning

confidence: 99%