We study adverse selection using data from an 1808 Act of British Parliament that effectively opened a market for life annuities. Our analysis indicates significant selection effects. The evidence for adverse selection is strongest for a sub-sample of annuitants whose annuities were purchased by profit-seeking speculators, a sub-sample in which “advantageous selection” resulting from multi-dime...

This paper investigates the relationship between labor supply and the consumption of marijuana and cocaine using data from the National Longitudinal Survey of Youth. Previous studies have yielded mixed evidence but have used potentially inadequate measures to account for the simultaneity between drug consumption and labor supply. I implement an instrumental variable procedure that utilizes a se...

Abstract This study examines the validity of the Environmental Kuznets Curve (EKC) in the developing economies of West Africa using a total of 32 cross sectional observations for each of the 16 countries of West Africa given a balance panel of 512 observations covering the periods 1980 through to 2012. The study estimated both the fixed effect and random effect model but however, the Hausman te...

This paper demonstrates that the conditional negative binomial model for panel data, proposed by Hausman, Hall and Griliches (1984), is not a true fixed-effects method. This method—which has been implemented in both Stata and LIMDEP—does not, in fact, control for all stable covariates. Three alternative methods are explored. A negative multinomial model yields the same estimator as the conditio...

Bu çalışmada, Türkiye ve BRICS ülkelerinde turizm gelirleri, finansal gelişme, ticari açıklık ekonomik büyüme ilişkisi 1995-2019 dönemini kapsayan yıllık veriler ele alınarak panel veri analizi kullanılarak incelenmiştir. Çalışmanın sonuçlarında ise, LR istatistiği ile modelinin tek yönlü birim etkiler modeli olduğu görülmüştür. Hausman testinde etkinin rassal sonucuna ulaşılmıştır. Modelin var...

Tujuan dari penelitian ini adalah untuk menganalisis dampak inflasi, indeks pembangunan manusia, pertumbuhan ekonomi, investasi dalam negeri, dan pengeluaran pemerintah, terhadap jumlah pengangguran terbuka di kabupaten atau kota provinsi Jawa Tengah tahun 2017 hingga 2019. Data yang digunakan berasal sumber data sekunder. Dikumpulkan Badan Pusat Statistik (BPS) dianalisis menggunakan regresi p...

Gender inequality is a big issue in Asia. The objective of this study to explain empirically how gender affects the human enlargement index Asian countries based on panel data from 1990-2018. We utilized Fixed Effect regression quantify impacts development across countries. selection Effects Model has been made after Hausman test results. results expose that significantly contributed both and n...

The paper investigates the relationship between tax wedge and employment rate in thirty-six OECD countries for period 2000-2020. aim of this is to identify how indicators affect level these economies. empirical research includes correlation analysis panel regression determine character intensity nexus among observed variables. results Hausman represent that a random effects model adequate estim...

The problem studied in this study is, How does economic growth, education and health influence poverty East Java Province. purpose of was to determine the effect on research method used is using Panel Data Analysis, by choosing best model, namely comment effect, fixed random selecting regression model Chow test, Hausman test LM test. results showed that growth has an poverty, also poverty.

In recent years, the aging process of China's population has been accelerating, which a series impacts on economic development. This paper first analyzes positive and negative effects China from perspective theory. Then based panel data 31 provinces in 1998 to 2017, this establishes individual fixed effect model through unit root test, cointegration F-test Hausman test. The result estimation is...