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presence of relative income terms in the utility function. Income may be evaluated relative to others (social comparison) or to … in GNP per head. At the same time, a micro literature has typically found positive correlations between individual income … oneself in the past (habituation). We review the evidence on relative income from the subjective well-being literature. We …
Persistent link: https://www.econbiz.de/10005763569
suggests that the phenomena of comparison and habituation are actually found in a considerable variety of economic and social …
Persistent link: https://www.econbiz.de/10009294836
Acemoglu, Johnson, Robinson, and Yared (2008) document that the cross-country correlation between income per capita and … democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … framework provides evidence for significant but heterogeneous effects of income on democracy for former colonies and non …
Persistent link: https://www.econbiz.de/10010739947
is the contribution of entrepreneurs to the economy in comparison to non-entrepreneurs? We study the relative …
Persistent link: https://www.econbiz.de/10005822686
of China is disadvantaged compared to the Han majority as regards length of education and household per capita wealth …. Yet there is no gap in average disposable income between the two ethnic groups and poverty rates are very similar. This … paradox is due to members of Hui households earning more income outside the farm than members of Han households. Particularly …
Persistent link: https://www.econbiz.de/10010884335
This paper discusses data used in publishing statistics on earnings, the distribution of household income and poverty … in China by the National Bureau of Statistics (NBS) which is widely used by policy makers, international agencies and … researchers. Unlike many other countries, China until recently had a dual system of household surveys - one rural and one urban …
Persistent link: https://www.econbiz.de/10010959759
While some workers in China attain senior professional level and senior cadre level status (Chuzhang and above), others … of the urban population in work-active ages and use data from the Chinese Income Project (CHIP) covering eastern, central … and western China for 1995 and 2002. For 2002, persons of high rank make up 3 percent and persons of middle rank make up …
Persistent link: https://www.econbiz.de/10005822171
This paper investigates how ethnic minorities in rural China are faring compared with the ethnic majority. The village … is the unit of analysis and large surveys for 2002 are used. Minority villages in northeast China are found to have a … north- and particularly the southwest. Low village income results in long-distance migration for many ethnic minorities, but …
Persistent link: https://www.econbiz.de/10005233816
Long term trends in happiness and income are not related; short term fluctuations in happiness and income are … striking contradiction is China where, despite a fourfold multiplication in two decades in real GDP per capita from a low …
Persistent link: https://www.econbiz.de/10010660253
In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but also to...
Persistent link: https://www.econbiz.de/10009404596