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Economic Choices and Status : Measuring Preferences for Income Rank

Mujcic, Redzo - 2010

In this paper we report on the trade-offs that 1,068 Australian university students make between absolute income and the rank of that income in hypothetical income distributions. We find that income rank matters independently of absolute income, with greater weight given to rank by males,...

Persistent link: https://www.econbiz.de/10013138669

From Local to Global : External Validity in a Fertility Natural Experiment

Dehejia, Rajeev H. - 2015

experiment (the effect of boy-boy or girl-girl as the first two children on incremental fertility and mothers' labor force … running a new experiment at a target site …

Persistent link: https://www.econbiz.de/10013016193

Validating the Collective Model of Household Consumption Using Direct Evidence on Sharing

Bargain, Olivier - 2018

Recent advances in the collective model literature suggest ways to estimate the complete allocation of resources within households, using assignable goods and assuming adult preference similarity across demographic groups (or across spouses). While it makes welfare analysis at the individual...

Persistent link: https://www.econbiz.de/10012914348

Manipulation of Choice Behavior

Manzini, Paola - 2011

We introduce and study the problem of manipulation of choice behavior. In a class of two-stage models of decision making, with the agent's choices determined by three "psychological variables," we imagine that a subset of these variables can be selected by a "manipulator." To what extent does...

Persistent link: https://www.econbiz.de/10013121739

Stated and Revealed Heterogeneous Risk Preferences in Educational Choice

Fossen, Frank M. - 2014

Stated survey measures of risk preferences are increasingly being used in the literature, and they have been compared to revealed risk aversion primarily by means of experiments such as lottery choice tasks. In this paper, we investigate educational choice, which involves the comparison of risky...

Persistent link: https://www.econbiz.de/10013058322

An Afriat Theorem for the Collective Model of Household Consumption

Cherchye, Laurens; Rock, Bram de; Vermeulen, Frederic - 2021

nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The … same non-testability conclusion holds for privateness (with or without externalities) or publicness of consumption. By … contrast, concavity of individual utility functions (representing convex preferences) turns out to be testable. In addition …

Persistent link: https://www.econbiz.de/10013324875

Nonparametric Analysis of Household Labor Supply : Goodness-of-Fit and Power of the Unitary and the Collective Model

Cherchye, L. - 2006

We compare the empirical performance of unitary and collective labor supply models, using representative data from the Dutch DNB Household Survey. We conduct a nonparametric analysis that avoids the distortive impact of an erroneously specified functional form for the preferences and/or the...

Persistent link: https://www.econbiz.de/10012780526

Back to Bentham, Should We? Large-Scale Comparison of Experienced Versus Decision Utility

Akay, Alpaslan - 2017

Subjective well-being (SWB) data is increasingly used to perform welfare analyses. Interpreted as 'experienced utility …', SWB has recently been compared to 'decision utility' using specific experiments, most often based on stated preferences …

Persistent link: https://www.econbiz.de/10012948690

Altruism or Diminishing Marginal Utility?

Gauriot, Romain - 2018

's common restrictions on the curvature of the decision-makers utility function can dramatically bias the altruism parameter. We … aversion or diminishing marginal utility, i.e., men versus women, giving motivated by pure versus warm glow motives, and …

Persistent link: https://www.econbiz.de/10012912251

Household Search or Individual Search : Does it Matter? Evidence from Lifetime Inequality Estimates

Flabbi, Luca - 2012

individual search specification implies gender differentials in lifetime utility inequality 74% larger. The results of our policy … experiments emphasize the importance of looking at lifetime utility inequality measures as opposed to simply cross-sectional wage …

Persistent link: https://www.econbiz.de/10013099113