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1 - 10 van 46 voor stylized model
analyzing labour supply elderly people life cycle approach pdf
... via wealth effects, income effects and inter- and intratemporal substitution effects. the stylized model offers a profound theoretical underpinning which helps us to understand these ... model is unique in describing retirement by elderly workers. the model is, however, highly stylized in a number of ways, which renders it less suitable for drawing firm policy conclusions. for instance, the model ...
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Microsoft Word - discussion165.doc
... , or simply a relatively high wage during the final periods prior to retirement. in a stylized model, becker and stigler (1974) demonstrate that a wage premium in the last period, combined with ... would look like. we consider three issues in order to link the theory with some stylized empirical facts. first, as was already mentioned in the previous subsection, entrance fees (or performance ...
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dp174-flexible-retirement.pdf
... rule out the possibility of simultaneously receiving pension benefits and working in their model. in an alternative model, cremer, lozachmeur, and pestieau (2008) relax this constraint to an earnings test'. ... connects the stylized model of becker and stigler with some empirical facts observed in the labour market. instead of paying money to his employer, a worker in the lazear model implicitly ...
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competition and regulation telecommunications markets pdf
... a concise model of facilities-based competition.8 this model, depicting a one-shot or static game, has been made as simple as possible. there are good reasons for analyzing a stylized model. ... interaction among operators and causal effects of parameter changes. overall, an examination of a simple, stylized model makes it easier to understand more realistic (but also more complex) models later on. ...
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Microsoft Word - discussion65.doc
... the data are introduced in section 3, including a number of stylized facts. section 4 discusses the econometric specification of our model, and empirical results are presented in section 5. the ... the wage elasticity of regional labour demand is probably larger than minus infinity, as this stylized model predicts. on one hand, the assumptions on the technology rule out economies of agglomeration, ...
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W:\nl\pub\...\bijz47.wp [PFP#730146961]
... 105 appendix 2a the stylized model 109 appendix 2b ... model assumes that labour markets clear, the results are in terms of income changes for the owners of the production factors involved. the advantage of such a stylized model is its transparency, as it provides a clear insight into the main economic mechanisms at work. however, other mechanisms, that are not included in the model ...
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memo1960.pdf
... . therefore, it is an interesting exercise to compare different numerical approaches using a model that is so stylized that solving it numerically does not present problems. the aim of such an exercise ... that the comparison of different approaches in this paper adopts a stylized model. we have no guarantee that the results for this stylized model can be exported to models that are more detailed. the ...
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Microsoft Word - memo75.doc
... not investigate redistributive effects as they are mostly based on partial models, we employ a stylized model that allows us to investigate the impact of immigration on the earnings of all production ... the immigration surplus. we propose a method that deviates from borjas (1999). we employ a stylized model with three production factors capital and two types of labour. we assume natives and immigrants ...
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Microsoft Word - discussion153.doc
... contains some illustrative data and discusses some elements of the analysis. section 3 presents the stylized model. section 4 explores how access regulation in the pstn segment affects competition in the voip ... of managed voip by focusing on competition between an incumbent and an entrant, in a stylized set-up that will be used throughout this paper to derive regulatory implications. the incumbent ...
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reinforcing-buyer-power.pdf
... with a stylized numerical model that roughly captures the supply and demand structure of the eu gas market. bargaining model we start ... pair) can be illustrated in a simple way using a stylized model that captures bargaining among three buyers and three sellers. assume ... eu natural gas market in this section, we consider a (stylized) model of the eu gas market to explore the quantitative significance ...
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