Browsing Centre for Economic and Business Research (CEBR) by Author "Højbjerg Jacobsen, Rasmus"
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AnalyserapportFosse, Henrik Barslund; Højbjerg Jacobsen, Rasmus; Kuhn, Johan Moritz (Frederiksberg, 2012)[More information][Less information]
Abstract: Hovedformålet med denne rapport har været at foretage sammenligninger på to planer: For det første at sammenligne de økonomiske modeller ADAM og DREAM, og for det andet at sammenligne to mulige scenarier for danske økonomi. Hovedvægten er lagt på at undersøge, hvordan udviklingen i boligpriserne og de offentlige finanser varierer på tværs af de økonomiske forudsætninger og de økonomiske modeller. Vi arbejder i hovedtræk med tre forløb: Et reform- og genopretningsforløb, et laden-stå-til-forløb med negativ udvikling i udlandet og et grundforløb i de to modeller, som vi bruger til at sammenligne de øvrige forløb med. URI: http://hdl.handle.net/10398/8537 Files in this item: 1
Fosse_Jacobsen_Kuhn_2012.pdf (4.076Mb) -
Labour Market, Health Care and Prescription DrugsHøjbjerg Jacobsen, Rasmus (Frederiksberg, 2011)[More information][Less information]
Abstract: This paper uses a register dataset for the entire Danish population to examine the effect of early motherhood on labour market measures, health care measures and family measures for the mothers and their offspring. The dataset is divided into three groups according to the age of the woman at the time of her first child delivery. Using standard cross-sectional econometric techniques the results show that very young mothers (aged 16-21) have significantly lower employment rates, higher propensity to receive welfare benefits and a lower wage income. Children of very young mothers have a higher family replacement rate, more services received from General Practitioners and a higher propensity to receive ADHD-medications. The majority of the effects reported are also significantly greater for mothers who were aged 22-25 at the birth of their first child compared to older mothers. URI: http://hdl.handle.net/10398/8377 Files in this item: 1
Rasmus_Hoejbjerg_Jacobsen_wp_2011.pdf (92.36Kb) -
Hansen, Jan V.; Højbjerg Jacobsen, Rasmus; Lau, Morten I. (Durham, 2012)[More information][Less information]
Abstract: We estimate the maximum amount that Danish households are willing to pay for three different types of insurance: auto, home and house insurance. We use a unique combination of claims data from the largest private insurance company in Denmark, measures of individual risk attitudes and discount rates from a field experiment with a representative sample of the adult Danish population, and information on household income and wealth from registers at Statistics Denmark. We assume that households maximize expected inter-temporal utility subject to an inter-temporal budget constraint with several possible states of nature, where all uncertainty is realized in the initial period and any loss incurred by an accident is subtracted from initial wealth. The estimated willingness to pay is based on annual claims and should thus be considered as an annual premium. Since there is some uncertainty about the estimates of risk attitudes and discount rates, there is some uncertainty about the estimated willingness to pay. We use a randomized factorial design in our sensitivity analysis where each simulation involves a random draw from independent normal distributions of the estimated risk and time preferences. The results show that the willingness to pay is marginally higher than the actuarial fair value under Expected Utility Theory. However, the estimated willingness to pay is significantly higher under Rank-Dependent Utility Theory, and for some households it may be up to 600% higher than the actuarial value of the insurance claims. URI: http://hdl.handle.net/10398/8538 Files in this item: 1
Hansen_Jacobsen_Lau_2012.pdf (464.5Kb)
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