Blar i Discussion Papers på forfatter "Vigtel, Trond Christian"

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    • An exact additive decomposition of the weighted arithmetic mean* 

      Brasch, Thomas von; Grini, Knut Håkon; Johnsen, Magnus Berglund; Vigtel, Trond Christian (Discussion Paper;No. 944, Working paper, 2021-09)
      The weighted arithmetic mean is used in a wide variety of applications. An infinite number of possible decompositions of the weighted mean are available, and it is therefore an open question which of the possible decompositions ...

    • Fiscal policy, macroeconomic performance and industry structure in a small open economy 

      Boug, Pål; von Brasch, Thomas; Cappelen, Ådne; Hammersland, Roger; Hungnes, Håvard; Kolsrud, Dag; Skretting, Julia; Strøm, Birger; Vigtel, Trond Christian (Discussion Paper;No. 984, Working paper, 2022-07)
      We analyse how fiscal policy affects both the macroeconomy and the industry structure, using a multi-sector macroeconomic model of the Norwegian economy with an inflation targeting monetary policy. Our simulations show ...

    • Identifying the elasticity of substitution between capital and labour: a pooled GMM panel estimator 

      Brasch, Thomas von; Raknerud, Arvid; Vigtel, Trond Christian (Discussion Paper;No. 976, Working paper, 2022-03)
      Simultaneity represents a fundamental problem when estimating the elasticity of substitution between capital and labour. To overcome this problem, a wide variety of external instruments has been applied in the literature. ...

    • Social security pension generosity and the effect on household saving 

      Halvorsen, Elin; Jia, Zhiyang; Kruse, Herman; Vigtel, Trond Christian (Discussion Paper;No. 989, Working paper, 2022-09)
      This paper examines the substitution between pension wealth and household saving by studying Norway’s 2011 pension reform. The analysis identifies the effect of reductions in social security pension generosity on household ...

    • Work less but stay longer - Mature worker response to a flexibility reform 

      Hernæs, Erik; Jia, Zhiyang; Piggott, John; Vigtel, Trond Christian (Discussion Paper;No. 937, Working paper, 2020-08)
      Reducing the eligibility age for pension benefits is considered by many as a policy that will discourage labor supply by mature workers. This paper analyzes a recent Norwegian pension reform which effectively lowered the ...