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Fafchamps, Marcel; Shilpi, Forhad - C.E.P.R. Discussion Papers - 2006

Using detailed geographical and household survey data from Nepal, this article investigates the relationship between isolation and subjective welfare. This is achieved by examining how distance to markets and proximity to large urban centers affect responses to questions about income and...

Persistent link: https://www.econbiz.de/10005123751

Self-Confidence: Intrapersonal Strategies

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2000

This paper explains why people value self-confidence, and how this concern shapes their informational strategies and intertemporal decisions. The theory has applications in areas as diverse as labour supply, savings and investment, or education and career decisions. People generally have...

Persistent link: https://www.econbiz.de/10005136755

Willpower and Personal Rules

Bénabou, Roland; Tirole, Jean - C.E.P.R. Discussion Papers - 2002

This Paper studies the internal commitment mechanisms or ‘personal rules’ (diets, exercise regimens, resolutions, moral or religious precepts, etc.) through which people seek to achieve self-control. Our theory is based on the idea of self-reputation over one’s willpower, which potentially...

Persistent link: https://www.econbiz.de/10005136762

Effects on School Enrollment and Performance of a Conditional Cash Transfers Program in Mexico

de Janvry, Alain; Dubois, Pierre; Sadoulet, Elisabeth - C.E.P.R. Discussion Papers - 2007

We study the effects of a conditional cash transfers program on school enrollment and performance in Mexico. We provide a theoretical framework for analyzing the dynamic educational process including the endogeneity and uncertainty of performance at school (passing grades) and the effect of a...

Persistent link: https://www.econbiz.de/10005504259

Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence

Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - C.E.P.R. Discussion Papers - 2007

We develop and estimate a model of dynamic interactions where commitment is limited and contracts are incomplete to explain the patterns of income and consumption growth in village economies of less developed countries. Households can insure through both formal contracts and informal agreements,...

Persistent link: https://www.econbiz.de/10005504414

Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence

Dubois, Pierre; Jullien, Bruno; Magnac, Thierry - C.E.P.R. Discussion Papers - 2008

We develop and estimate a model of dynamic interactions in which commitment is limited and contracts are incomplete to explain the patterns of income and consumption growth in village economies of less developed countries. Households can insure each other through both formal contracts and...

Persistent link: https://www.econbiz.de/10005123633

Job Satisfaction and Family Happiness: The Part-time Work Puzzle

Booth, Alison L; Ours, Jan C van - C.E.P.R. Discussion Papers - 2007

Using fixed effects ordered logit estimation, we investigate the relationship between part-time work and working hours … satisfaction; job satisfaction; and life satisfaction. We account for interdependence within the family using data on partnered men … and women from the British Household Panel Survey. We find that men have the highest hours-of-work satisfaction if they …

Persistent link: https://www.econbiz.de/10005123569

Part-Time Jobs: What Women Want?

Booth, Alison L; Ours, Jan C van - C.E.P.R. Discussion Papers - 2010

-time. We analyze the relationship between part-time work and life satisfaction, and between job satisfaction and preferred … working hours using panel data on life and job satisfaction for a sample of partnered women and men. We also utilize time … hypothesis in this context. Our main results indicate that partnered women in part-time work have high levels of job satisfaction …

Persistent link: https://www.econbiz.de/10008468702

Indeterminacy in a Finance Constrained Unionized Economy

Lloyd-Braga, Teresa; Modesto, Leonor - C.E.P.R. Discussion Papers - 2004

We introduce labour market imperfections (i.e. unions and the existence of a wage floor) in a finance-constrained monetary economy with heterogenous agents and increasing returns to scale due to labour and capital productive externalities. We find that indeterminacy emerges for empirically...

Persistent link: https://www.econbiz.de/10005504720

Arbitrage, Hedging and Financial Innovation

Davidson, Malcolm - C.E.P.R. Discussion Papers - 1996

I present a simple model in which it is possible that opening a new market makes everybody worse off. Unlike previous examples in the literature, the analysis does not rely on relative price changes of different consumption goods. This is shown in a standard framework in which uninformed traders...

Persistent link: https://www.econbiz.de/10005504789