Structural Measurement Errors in Nonseparable Models (2009)
Hoderlein, Stefan, Winter, Joachim
This paper considers measurement error from a new perspective. In surveys, response errors are often caused by the fact that respondents recall past events and quantities imperfectly. We explore the...
Survey Evidence on Conditional Norm Enforcement (2009)
Traxler, Christian, Winter, Joachim
We discuss survey evidence on individuals' willingness to sanction norm violations - such as evading taxes, drunk driving, fare dodging, or skiving o work - by expressing disapproval or social...
Consumer-Directed Health Care: Can Consumers Look After Themselves? (2008)
McFadden, Daniel, Winter, Joachim, Heiss, Florian
In health care systems today, including those of Switzerland and the United States, participants do not necessarily see the big picture of lifetime health costs and quality of life, and in many...
Mind the Gap! Consumer Perceptions and Choices of Medicare Part D Prescription Drug Plans 1 (2008)
Florian Heiss, Daniel Mcfadden, Joachim Winter
Abstract: Medicare Part D provides prescription drug coverage through Medicare approved plans offered by private insurance companies and HMOs. In this paper, we study the role of current prescription...
Ulrike Vogelgesang, Martin Hellwig, Mark Schreiner, Christopher Ksoll, Joachim Winter
This paper analyzes repayment determinants for loans from Caja Los Andes, a Bolivian mi-crolender. The analysis focuses on the in uence of recent changes in the Bolivian micro nance market. In...
Aging and International Capital Flows 1 (2007)
Axel Boersch-supan, Axel Boersch-supan, Alexander Ludwig, Alexander Ludwig, Axel Börsch-supan, Er Ludwig, ...
The views expressed herein are those of the authors and not necessarily those of the National Bureau of
Time preference and heuristics in a price search experiment (2007)
The last half of the 20 th century saw the emergence of a large literature that documents apparently “irrational” behavior in economics and psychology experiments. This has led to criticisms of...
Abstract: Structural econometric methods that assume agents have rational expectations are often criticized. Yet, little is known about the relative costs and benefits of adopting alternative...
Schunk, Daniel, Winter, Joachim
Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal, risk-neutral stopping rule. Such behavior could be generated by two different...
Trust Games Measure Trust (2006)
Houser, Daniel, Schunk, Daniel, Winter, Joachim
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences between the ideas the terms express, many researchers from different disciplines...
Household Savings in Germany (2005)
Börsch-Supan, Axel, Reil-Held, Anette, Rodepeter, Ralf, Schnabel, Reinhold, Winter, Joachim
This paper describes how German households save, and how their saving behavior is linked to public policy, notably pension policy. Our analysis is based on a synthetic panel of four cross sections of...
The German Savings Puzzle (2005)
Börsch-Supan, Axel, Reil-Held, Anette, Rodepeter, Ralf, Schnabel, Reinhold, Winter, Joachim
Germany has one of the most generous public pension and health insurance systems of the world, yet private savings are high until old age. Savings remain positive in old age, even for most low income...
Soziale Sicherungssysteme im globalen Wettbewerb (2005)
Börsch-Supan, Axel, Winter, Joachim
Drei Entwicklungen werden die Sozialpolitik des neuen Jahrhunderts in Deutschland prägen: die Alterung der Bevölkerung, die zunehmende Mobilität und Farbigkeit der Lebens- und Erwerbshistorien...
Pension reform, capital markets, and the rate of return (2005)
Börsch-Supan, Axel, Heiß, Florian, Winter, Joachim
This paper discusses the consequences of population aging and a fundamental pension reform - that is, a shift towards more pre-funding for capital markets in Germany. We use a stylized overlapping...
Aging and International Capital Flows (2005)
Börsch-Supan, Axel, Ludwig, Alexander, Winter, Joachim
Throughout the world, population aging is a major challenge that will continue well into the 21st century. While the patterns of the demographic transition are similar in most countries, timing...
Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model (2005)
Börsch-Supan, Axel, Ludwig, Alexander, Winter, Joachim
We present a quantitative analysis of the effects of population aging and pension reform on international capital markets. First, demographic change alters the time path of aggregate savings within...
Pension reform, savings behavior and capital market performance (2005)
Börsch-Supan, Axel, Köke, F. Jens, Winter, Joachim
This paper shows that the capital market effects of population aging and pension reform are particularly strong in continental European economies such as France, Germany, and Italy. Reasons are...
Aging and international capital flows (2004)
Winter, Joachim, Ludwig, Alexander, Börsch-Supan, Axel
Altern, Internationale Kaptitalbewegung
Winter, Joachim, Houser, Daniel
We use a laboratory experiment to investigate the effect that assuming rational expectations has on structural inference on a dynamic discrete choice decision problem. Our experimental design induces...
Aging, pension reform, and capital flows : a multi-country simulation model (2004)
Börsch-Supan, Axel, Ludwig, Alexander, Winter, Joachim
We present a quantitative analysis of international capital flows induced by differential population aging and pension reform. It is well known that within each country, demographic change alters the...
Sind die Probleme der Bevölkerungsalterung durch eine höhere Geburtenrate lösbar? (2004)
Berkel, Barbara, Börsch-Supan, Axel, Ludwig, Alexander, Winter, Joachim
Hilft eine höhere Geburtenrate, die Folgen der Alterung zu dämpfen? Die Ergebnisse der Wirtschaftstheorie sind keinesfalls eindeutig, auch wenn die Idee - "Wenn wir zu viele Alte haben, brauchen...
Pension reform, capital markets, and the rate of return (2004)
Ludwig, Alexander, Heiss, Florian, Börsch-Supan, Axel, Winter, Joachim
Rentenreform, Altern, Kapitalmarkt, Kapitalertrag
The impact of pension reforms and demography on stock markets (2004)
Population aging is just beginning to hit the industrialized countries in full force, and it will have a tremendous impact on capital markets. Capital market effects of population aging are...
Zugl.: Düsseldorf, Universiẗat, Diss., 1995.
Synthese und Reaktionen eines chemischen Modells der Urocanase-Reaktion / (1996)
Thesis (doctoral)--Universität Karlsruhe, 1996.
Berlin, Humboldt-Univ., Biowiss. Fak., Diss. A, 1972 Nicht für d. Aust.
Düsseldorf, Univ., Med. Fak., Diss. 1973.
Tübingen, Med. F., Diss., 1944 (Nicht f. d. Austausch).
Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model
Axel Börsch-Supan, Alexander Ludwig, Joachim Winter
Population aging and pension reform will have profound effects on international capital markets. First, demographic change alters the time path of aggregate savings within each country. Second, this...
Statistical Analysis of Choice Experiments and Surveys
Daniel McFadden, Albert Bemmaor, Francis Caro, Jeff Dominitz, Byung-Hill Jun, Arthur Lewbel, ...
Measures of households' past behavior, their expectations with respect to future events and contingencies, and their intentions with respect to future behavior are frequently collected using...
We analyze nonresponse to questions on financial items such as income and asset holdings in household surveys using data from a controlled field experiment. As part of the SAVE study, a...
The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment
Schunk, Daniel, Winter, Joachim
The existing evidence from laboratory experiments suggests that relatively simple heuristics describe observed search behavior better than the optimal stopping rule derived under risk neutrality....
Essig, Lothar, Winter, Joachim
We analyze nonresponse to questions on financial items such as income and asset holdings in the SAVE survey, exploiting a controlled field experiment. As part of the SAVE study, a representative...
How Do Behavioral Assumptions Affect Structural Inference? Evidence From A Laboratory Experiment
We use a laboratory experiment to investigate the effect that assuming rational expectations has on structural inference in a dynamic discrete choice decision problem. Our experimental design induces...
Aging and International Capital Flows
Axel Börsch-Supan, Alexander Ludwig, Joachim Winter
Throughout the world, population aging is a major challenge that will continue well into the 21 st century. While the patterns of the demographic transition are similar in most countries, timing...
The impact of pension reforms and demography on stock markets
Population aging is just beginning to hit the industrialized countries in full force, and it will have a tremendous impact on capital markets. Capital market effects of population aging are...
Pension reform, capital markets, and the rate of return
Florian Heiss, Alexander Ludwig, Joachim Winter
This paper discusses the consequences of population aging and a fundamental pension reform – that is, a shift towards more pre-funding – for capital markets in Germany. We use a stylized...
Sind die Probleme der Bevölkerungsalterung durch eine höhere Geburtenrate lösbar?
Axel Börsch-Supan, Alexander Ludwig, Joachim Winter
We present a quantitative analysis of international capital flows induced by differ-ential population aging and pension reform. It is well known that within each country, demo-graphic change alters...
Aging, pension reform, and capital flows: A multi-country simulation model
Alexander Ludwig, Joachim Winter
We present a quantitative analysis of international capital flows induced by differ-ential population aging and pension reform. It is well known that within each country, demo-graphic change alters...
We analyze nonresponse to questions on financial items such as income and asset holdings in household surveys using data from a controlled field experiment. As part of the SAVE study, a...
Pension reform, savings behavior and capital market performance
Axel Börsch-Supan, Jens Köke, Joachim Winter
This paper shows that the capital market effects of population aging and pension reform are particularly strong in continental European economies such as France, Germany, and Italy. Reasons are...
The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment
The existing evidence from laboratory experiments suggests that relatively simple heuristics describe observed search behavior better than the optimal stopping rule derived under risk neutrality....
Medicare prescription drug coverage: Consumer information and preferences
Winter, Joachim, Balza, Rowilma, Caro, Frank, Heiss, Florian, Jun, Byung-hill, Matzkin, Rosa, ...
We investigate prescription drug use, and information and enrollment intentions for the new Medicare Part D drug insurance program, using a sample of Medicare-eligible subjects surveyed before open...
Medicare prescription drug coverage: Consumer information and preferences
Winter, Joachim, Balza, Rowilma, Caro, Frank, Heiss, Florian, Jun, Byung-hill, Matzkin, Rosa, ...
We investigate prescription drug use, and information and enrollment intentions for the new Medicare Part D drug insurance program, using a sample of Medicare-eligible subjects surveyed before open...
The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment
Schunk, Daniel, Winter, Joachim
Experimental studies of search behavior suggest that individuals stop searching earlier than predicted by the optimal, risk-neutral stopping rule. Such behavior could be generated by two different...
Daniel Houser, Daniel Schunk, Joachim Winter
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences between the ideas the terms express, many researchers from different disciplines...
Aging and International Capital Flows
Börsch-Supan, Axel, Ludwig, Alexander, Winter, Joachim
Throughout the world, population aging is a major challenge that will continue well into the 21 st century. While the patterns of the demographic transition are similar in most countries, timing...
Pension reform, capital markets, and the rate of return
Börsch-Supan, Axel, Heiss, Florian, Winter, Joachim
This paper discusses the consequences of population aging and a fundamental pension reform – that is, a shift towards more pre-funding – for capital markets in Germany. We use a stylized...
"Household Savings in Germany,"
Ralf Rodepeter,, Reinhold Schnabel, Joachim Winter
This paper describes how German households save and how their saving behavior is linked to public policy, notably pension policy. The analysis is based on a synthetic panel of four cross sections of...
Sind die Probleme der Bevölkerungsalterung durch eine höhere Geburtenrate lösbar?*
Barbara Berkel, Axel Börsch-Supan, Alexander Ludwig, Joachim Winter
Can the aging problem be solved by a higher birth rate? While the popular notion -"if we have too many elderly we need more children in order to compensate for this"- seems plausible, the results of...
Aging, pension reform and capital flows: a multi-country simulation model
Axel Börsch-Supan, Alexander Ludwig, Joachim Winter
aging, pension reform, capital mobility
Ageing, Pension Reform and Capital Flows: A Multi-Country Simulation Model
AXEL BÖRSCH-SUPAN, ALEXANDER LUDWIG, JOACHIM WINTER
Population ageing and pension reform will have profound effects on international capital markets. In order to quantify these effects, we develop a computational general equilibrium model. We feed...
How Do Behavioral Assumptions Affect Structural Inference? Evidence From A Laboratory Experiment
We use a laboratory experiment to investigate the effect that assuming rational expectations has on structural inference in a dynamic discrete choice decision problem. Our experimental design induces...
Pension reform, capital markets, and the rate of return
Florian Heiss, Alexander Ludwig, Joachim Winter
This paper discusses the consequences of population aging and a fundamental pension reform – that is, a shift towards more pre-funding – for capital markets in Germany. We use a stylized...
We analyze nonresponse to questions on financial items such as income and asset holdings in household surveys using data from a controlled field experiment. As part of the SAVE study, a...
Pension reform, savings behavior and capital market performance
Axel Börsch-Supan, Jens Köke, Joachim Winter
This paper shows that the capital market effects of population aging and pension reform are particularly strong in continental European economies such as France, Germany, and Italy. Reasons are...
Daniel Houser, Daniel Schunk, Joachim Winter
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences between the ideas the terms express, many researchers from different disciplines...
Houser, Daniel, Schunk, Daniel, Winter, Joachim
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences between the ideas the terms express, many researchers from different disciplines...
Response bias in survey-based measures of household consumption
An important aspect of household surveys is the design of consumption questions. A controlled experiment shows that a single question on total monthly nondurables expenditure and a design with 35...
Aging and International Capital Flows
Axel Börsch-Supan, Alexander Ludwig, Joachim Winter
Throughout the world, population aging is a major challenge that will continue well into the 21st century. While the patterns of the demographic transition are similar in most countries, timing...
The impact of pension reforms and demography on stock markets
Population aging is just beginning to hit the industrialized countries in full force, and it will have a tremendous impact on capital markets. Capital market effects of population aging are...
Sind die Probleme der Bevölkerungsalterung durch eine höhere Geburtenrate lösbar?
Axel Börsch-Supan, Alexander Ludwig, Joachim Winter
Hilft eine höhere Geburtenrate, die Folgen der Alterung zu dämpfen? Die Ergebnisse der Wirtschaftstheorie sind keinesfalls eindeutig, auch wenn die Idee – „Wenn wir zu viele Alte haben,...
Aging, pension reform, and capital flows: A multi-country simulation model
Alexander Ludwig, Joachim Winter
We present a quantitative analysis of international capital flows induced by differential population aging and pension reform. It is well known that within each country, demographic change alters the...
Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model
Axel Börsch-Supan, Alexander Ludwig, Joachim Winter
We present a quantitative analysis of the effects of population aging and pension reform on international capital markets. First, demographic change alters the time path of aggregate savings within...
The Relationship Between Risk Attitudes and Heuristics in Search Tasks: A Laboratory Experiment
The existing evidence from laboratory experiments suggests that relatively simple heuristics describe observed search behavior better than the optimal stopping rule derived under risk neutrality....
Mind the Gap! Consumer Perceptions and Choices
Florian Heiss, Daniel McFadden, Joachim Winter
Medicare Part D provides prescription drug coverage through Medicare approved plans offered by private insurance companies and HMOs. In this paper, we study the role of current prescription drug use...
Pension Reform, Capital Markets and the Rate of Return
Axel Boersch-Supan, Florian Heiss, Alexander Ludwig, Joachim Winter
This paper discusses the consequences of population aging and a fundamental pension reform - that is, a shift towards more pre-funding - for capital markets in Germany. We use a stylized...
How Do Behavioral Assumptions Affect Structural Inference? Evidence from a Laboratory Experiment.
Houser, Daniel, Winter, Joachim
We use laboratory experiments to investigate the effect that assuming rational expectations has on structural inference in a dynamic discrete decision problem. Our design induces preferences up to...
Consumer-Directed Health Care: Can Consumers Look After Themselves?
McFadden, Daniel, Winter, Joachim, Heiss, Florian
In health care systems today, including those of Switzerland and the United States, participants do not necessarily see the big picture of lifetime health costs and quality of life, and in many...
Does Firms` Financial Status Affect Plant-Level Investment and Exit Decision
This paper investigates the influence of a firm's financial status on the within-firm allocation of funds, reflected in its plant-level investment and exit decisions. In the empirical analysis,...
Savings decisions under life-time and earnings uncertainty:
Rodepeter, Ralf, Winter, Joachim
We analyze a model of life-cycle savings decisions which allows for both life-time and income uncertainty. We then simulate life-cycle saving rates based on empirical income processes estimated from...
Ersparnisbildung in Deutschland: Meßkonzepte und Ergebnisse auf Basis der EVS
Börsch-Supan, Axel, Reil-Held, Anette, Rodepeter, Ralf, Schnabel, Reinhold, Winter, Joachim
Strukturelle ökonometrische Verfahren zur Analyse von Renteneintrittsentscheidungen
Die umlagefinanzierte deutsche Rentenversicherung steht am Ausgang des 20. Jahrhunderts vor großen Problemen, die im wesentlichen aus der fortschreitenden Alterung der Bevölkerung resultieren:...
Ökonometrische Analyse diskreter dynamischer Entscheidungsprozesse
Eine Vielzahl ökonomischer Entscheidungen ist diskreter Natur und weist ein intertemporales, sequentielles Element auf. Beispiele sind das Ersatzproblem für dauerhafte Wirtschaftsgüter, die...
Tax incentives, bequest motives and the demand for life insurance: evidence from Germany
Walliser, Jan, Winter, Joachim
Life insurance, in particular whole life insurance, plays an important role for private saving in Germany. Whole life insurance combines the insurance against uncertain death with a savings plan....
Pension reform, savings behavior and corporate governance
Börsch-Supan, Axel, Winter, Joachim
France, Germany and Italy, to take the three largest economies in continental Europe, have large and ailing pay-as-you-go public pension systems, very thin capital markets, and low capital...
Rules of thumb in life-cycle savings models
Rodepeter, Ralf, Winter, Joachim
We analyze life-cycle savings decisions when households use simple heuristics, or rules of thumb, rather than solve the underlying intertemporal optimization problem. The decision rules we explore...
Börsch-Supan, Axel, Reil-Held, Anette, Rodepeter, Ralf, Schnabel, Reinhold, Winter, Joachim
Germany has one of the most generous public pension and health insurance systems of the world, yet private savings are high until old age. Savings remain positive in old age, even for most low income...
Aging, pension reform, and capital flows: A multi-country simulation model
Börsch-Supan, Axel, Ludwig, Alexander, Winter, Joachim
In this paper, we present a quantitative analysis of the international capital flows induced by differences in population aging processes across countries and by pension reforms. In the vast majority...
Time preference and decision rules in a price search experiment
Houser, Daniel, Winter, Joachim
Structural econometric methods that assume agents have rational expectations are often criticized. Yet, little is known about the relative costs and benefits of adopting alternative empirical...
Aging and International Capital Flows
Börsch-Supan, Axel, Ludwig, Alexander, Winter, Joachim
Throughout the world, population aging is a major challenge that will continue well into the 21st century. While the patterns of the demographic transition are similar in most countries, timing...
Design effects in survey-based measures of household consumption
An important issue in designing survey questions on household consumption is the level of aggregation of expenditure categories. In this paper, I present experimental evidence on biases that are...
Bracketing effects in categorized survey questions and the measurement of economic quantities
In households surveys, quantities of interest are frequently elicited using categorized (range-card) formats rather than open-ended questions. One advantage of this format is that is typically...
Aging, Pension Reform, and Capital Flows:
Börsch-Supan, Axel, Ludwig, Alexander, Winter, Joachim
We present a quantitative analysis of the effects of population aging and pension reform on international capital markets. First, demographic change alters the time path of aggregate savings within...
Houser, Daniel, Schunk, Daniel, Winter, Joachim
The relationship between trust and risk is a topic of enduring interest. Although there are substantial differences between the ideas the terms express, many researchers from different disciplines...
Aging and International Capital Flows
Axel Boersch-Supan, Alexander Ludwig, Joachim Winter
Throughout the world, population aging is a major challenge that will continue well into the 21st century. While the patterns of the demographic transition are similar in most countries, timing...
Aging, Pension Reform, and Capital Flows: A Multi-Country Simulation Model
Axel Boersch-Supan, Alexander Ludwig, Joachim Winter
Population aging and pension reform will have profound effects on international capital markets. First, demographic change alters the time path of aggregate savings within each country. Second this...
Mind the Gap! Consumer Perceptions and Choices of Medicare Part D Prescription Drug Plans
Florian Heiss, Daniel McFadden, Joachim Winter
Medicare Part D provides prescription drug coverage through Medicare approved plans offered by private insurance companies and HMOs. In this paper, we study the role of current prescription drug use...
Consumer-Directed Health Care: Can Consumers Look After Themselves?
Daniel McFadden, Joachim Winter, Florian Heiss
In health care systems today, including those of Switzerland and the United States, participants do not necessarily see the big picture of lifetime health costs and quality of life, and in many...
Survey Evidence on Conditional Norm Enforcement
Traxler, Christian, Winter, Joachim
We discuss survey evidence on individuals' willingness to sanction norm violations - such as evading taxes, drunk driving, fare dodging, or skiving o work - by expressing disapproval or social...
Structural Measurement Errors in Nonseparable Models
Hoderlein, Stefan, Winter, Joachim
This paper considers measurement error from a new perspective. In surveys, response errors are often caused by the fact that respondents recall past events and quantities imperfectly. We explore the...
Survey Evidence on Conditional Norm Enforcement
Christian Traxler, Joachim Winter
We discuss survey evidence on individuals' willingness to sanction norm violations – such as evading taxes, drunk driving, fare dodging, or skiving off work – by expressing disapproval or social...
Rente mit 67: Wie lange die Deutschen arbeiten können und wollen
Beatrice Scheubel, Joachim Winter
Unter den Reformplänen der großen Koalition wurde und wird die Verlängerung der Lebensarbeitszeit besonders kontrovers diskutiert. Beatrice Scheubel, Center for Economic Studies (CES), und Joachim...
Size Matters! Body Height and Labor Market Discrimination: A Cross-European Analysis
Francesco Cinnirella, Joachim Winter
Taller workers earn on average higher salaries. Recent research has proposed cognitive abilities and social skills as explanations for the height-wage premium. Another possible mechanism, employer...
Beatrice Scheubel, Daniel Schunk, Joachim Winter
For policy reforms to increase a society's welfare, reliable information on people's prefer-ences and expectations is crucial. Representative opinion polls, often involving simplified questions about...
The relationship between risk attitudes and heuristics in search tasks: A laboratory experiment
Schunk, Daniel, Winter, Joachim
Experimental studies of search behavior suggest that individuals stop searching earlier than the optimal, risk-neutral stopping rule predicts. Two different classes of decision rules could generate...
Florian Heiss, Daniel McFadden, Joachim Winter
We study the Medicare Part D prescription drug insurance program as a bellwether for designs of private, non-mandatory health insurance markets that control adverse selection and assure adequate...
Distinguishing trust from risk: an anatomy of the investment game
Daniel Houser, Daniel Schunk, Joachim Winter
The role of trust in promoting economic activity and societal development has received considerable academic attention by social scientists. A popular way to measure trust at the individual level is...