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  • On the measurement of long-term income inequality and income mobility

    Discussion Papers no. 622

    Publisert:

    This paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where mobility is defined as an equalizer of long-term income. The first step consists of aggregating the income stream of ea...

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  • Measuring long-term inequality of oppotunity

    Discussion Papers no. 620

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    In this paper, we introduce and apply a general framework for evaluating long-term income distributions according to the Equality of Opportunity principle (EOp). Our framework allows for both an ex-ante and an ex-post approach to EOp. Our...

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  • The distributional impact of public services when needs differ

    Discussion Papers no. 621

    Publisert:

    Despite a broad consensus on the need to take into account the value of public services in distributional analysis, there is little reliable evidence on how the inclusion of such non-cash income actually affects poverty and inequality est...

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  • Accounting for family background when designing optimal income taxes

    Discussion Papers no. 619

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    The purpose of this paper is to introduce and adopt a generalised version of Roemer's (1998) Equality of Opportunity (EOp) framework, which we call extended EOp, for analysing second-best optimal income taxation. Unlike the pure EOp crite...

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  • Markets where buyers also are sellers

    Discussion Papers no. 618

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  • Oil dependency of the Russian economy

    Discussion Papers no. 617

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    A macro econometric model of the Russian economy is developed, containing 13 estimated equations – covering major national account variables, government expenditures and revenues, interest rates, prices and the labour market. The model is...

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  • Wealth effects on consumption in financial crises

    Discussion Papers no. 616

    Publisert:

    A dynamic consumption function, where consumption in the long run is determined by households' disposable income and wealth, has been superior to the Euler equation in explaining the development of Norwegian aggregate consumption over sev...

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  • Strategic investment in climate friendly technologies

    Discussion Papers no. 615

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    Our point of departure is that a group of developed countries invest in the development of greenhouse gas (GHG) abatement technologies both at home and in developing countries. Such investments reduce the cost of future GHG abatement, and...

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  • Multivariate stochastic volatility models based on non-Gaussian Ornstein-Uhlenbeck processes

    Discussion Papers no. 614

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    This paper extends the ordinary quasi-likelihood estimator for stochastic volatility models based on non-Gaussian Ornstein-Uhlenbeck (OU) processes to vector processes. Despite the fact that multivariate modeling of asset returns is essen...

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  • Underemployment in a gender segregated labour market

    Discussion Papers no. 613

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    This article analyses factors behind underemployment in Norway and has a focus on gender. The analysis, based on Labour Force Survey data, shows that economic fluctuations during the latest one and a half decade bring about changing under...

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  • Short- and long-term allocation of power in liberalized electricity markets

    Discussion Papers no. 612

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    The experience of liberalized electricity markets' ability to allocate scarce energy resources has been mixed. In this paper, we analyze how liberalized markets allocate power in the short and long run through the interaction between the ...

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  • Modelling "crime-proneness"

    Discussion Papers no. 611

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    In the criminal career literature, the individual-level age-crime relationship is commonly modelled using generalized linear mixed models, where between-individual heterogeneity is then handled through specifying random effect(s) with som...

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  • Good girl-bad boy

    Discussion Papers no. 609

    Publisert:

    Environmental policy analyses often draw on stated preferences, with most humans having strong preferences with respect to how we view ourselves and how we would like others to perceive us. This may create systematic differences between r...

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  • Promoting renewables and discouraging fossil energy consumption in the European Union

    Discussion Papers no. 610

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    The European Union (EU) identified some positive and negative externalities related to energy production and consumption when adopting its Renewable Energy and Climate Change Package. Given these externalities, we derive the optimal combi...

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  • Survey sampling

    Discussion Papers no. 608

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    The design-approach is evaluated, using a likelihood approach to survey sampling. It is argued that a model-based approach is unavoidable from a scientific point of view. Estimating population quantities can then be regarded as a predicti...

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