We revisit the estimation of the welfare costs of inflation originating from lack of liquidity satiation for 11 low-inflation and 5 high-inflation countries, and for Weimar Republic's hyperinflation. Our evidence suggests that, contrary to the implicit assumption in much of the literature, these...

A number of studies have examined the implications of preference interdependence. This paper models individual utility as depending either on the level of other people's consumption or on the difference in consumption levels. It assumes that the impact of an increase in other people's...

We explore the welfare costs of inflation originating from lack of liquidity satiation for Weimar Republic's hyperinflation and three high-inflation countries. Towards the peak of Weimar's hyperinflation the costs are estimated to have been equal to nearly 20 per cent of income. For Israel,...

This paper quantifies the impact of drought on household consumption for five main agroecological zones in Africa, developing vulnerability (or damage) functions of the relationship between rainfall deficits and poverty. Damage functions are a key element in models that quantify the risk of...

Whereas the environmental impact of buying luxury goods is debated, there is evidence that purchasing such products-often referred to as conspicuous consumption-can be more sustainable than hoarding cheaper alternatives because luxury goods are more durable and are often passed down through...

The quest for status is a powerful motivator, but does it affect inequality? This paper presents a novel lab experiment that was designed and conducted to identify the relationship between inequality, status signaling, debt, and conspicuous consumption. It reports three main findings: First,...

Die kapitalistische Produktionsweise ist abhängig von einem Außen, das sie über das Hineinholen von Ressourcen und Auslagern von Kosten in Anspruch nimmt. Anna Saave unternimmt eine theoretisch versierte und elaborierte Analyse der komplexen Externalisierungs- und Einverleibungsprozesse des...

The detrimental effects of natural disasters on human capital during childhood are well-documented. However, little is known about whether, and to what extent, these impacts can be mitigated in the long term. This study analyzes whether a school infrastructure program can mitigate the adverse...

Transformation wird als Wandel einer kollektiven Identität verstanden. Daher hat diese Analyse einen wirtschaftsanthropologischen Zuschnitt: Gefragt wird nach den nicht-ökonomischen Voraussetzungen ökonomischer Entwicklung. Basis ist ein institutionalistischer, teilweise...