providing citation data for Economics since 2001
Step 1 of 3. This form allows you to add a new citation to our database.
Our data says that the document:
Dominik, Sachs ; Dominik, Sachs ; Sebastian, Findeisen ; Sebastian, Findeisen. (2015) Redistribution and Insurance with Simple Tax Instruments.
In: IZA Discussion Papers. RePEc:iza:izadps:dp9123.
Full description at Econpapers
cites:
B Details on Calibration We use the empirical model from Karahan and Ozkan (2013), who estimate their model using PSID-data. yi h,t denotes log income of individual i at age h in period t. To obtain residual log incomes ˜ yi h,t, the authors regress log earnings on some observables (age and education): yi h,t = f(Xi a; θt) + ˜ yi h,t, where f(Xi a) is a function of the observable characteristics. Residual income is then decomposed into a fixed effect (αi ), an AR(1) component (zi h,t) and a transitory component (Æti h): ˜ yi h,t = αi + zi h,t + Æti h,t, where the AR(1) process is given by zi h,t = ÃÂh−1zi h−1,t−1 + Àtηi h, and where the error term ηi h captures persistent shocks, Àt is a time dependent loading factor and ÃÂh−1 measures the persistence of these shocks.
but, as far as we know, such cited document is not available on RePEc.
If you know this information is not correct, you may help us to improve our service giving us the handle of the cited document in the box below. In this way, we could add the citation to CitEc.
Note that if you are the author of a cited document which it is not available on RePEc, you can submit a copy to the Munich Personal RePEc Archive (MPRA). Upload a paper now.