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children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an …This paper investigates the relationship between income satisfaction of adult children and their relative economic … income rank that is higher than that of their parents. The effect is asymmetric with regard to parents, as these seem not to …
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This paper provides a quantitative comparison of the main architectures for an agreement on climate policy. Possible successors to the Kyoto protocol are assessed according to four criteria: economic efficiency; environmental effectiveness; distributional implications; and their political...
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Countries in a monetary union can adjust to shocks either through internal or external mechanisms. We quantitatively assess for the European Union a number of relevant mechanisms suggested by Mundell’s optimal currency area theory, and compare them to the United States. For this purpose, we...
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