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Quality of life differences across areas can be measured by differences in “real wages”, where real wages are computed as nominal wages adjusted for the cost of living. Computing cost of living differences involves several important issues, including how housing prices should be measured....
Persistent link: https://www.econbiz.de/10013103501
market. Even though we allow for a general-hyperbolic specification (which has exponential discounting as a special case …
Persistent link: https://www.econbiz.de/10013122960
corresponding demand for commitment can be observed even if individuals do not exhibit horizon-specific discounting. In addition …, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …
Persistent link: https://www.econbiz.de/10013099793
We compare different designs that have been used to test for an impact of time horizon on discounting, using real … declining (hyperbolic) discounting, but with other designs find constant or increasing discounting. As a whole, the data are not … consistent with any of these usual candidate discounting assumptions, and they also imply a violation of transitivity. The …
Persistent link: https://www.econbiz.de/10013109435
(SHARE), we elicit individual time preferences using competing discounting specifications. With the formulation that best …
Persistent link: https://www.econbiz.de/10014236507
We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in which the UE and the EU rates are endogenous, we show that an increase in the discount rate leads to a decline in both the UE and the EU rates. In the data, though, the UE and EU...
Persistent link: https://www.econbiz.de/10012867149
speeding tickets, speed discounting. Officers partially forgive motorists by writing a lower speed level than the speed that … officers observe. Verifying the level of speed discounting by different groups of officers and motorists and ascertaining the …, particularly African-Americans, are harsher on all motorists but even harsher on minority motorists regarding speed discounting …
Persistent link: https://www.econbiz.de/10012768169
it is quite under-explored in the economics domain. We find that: 1) traditional economic models based on discounting … is allowed; 2) our model, despite considering only a specific (exponential) form of discounting, can explain the data …' around the basic predictions of discounting theories: the deviations are not random and there are clear systematic patterns …
Persistent link: https://www.econbiz.de/10012780545
offender's time discounting. We exploit quasi-experimental variation in sentence length generated by a large collective pardon … in Italy and provide non-parametric evidence on the extent of discounting from the raw data on recidivism and sentence …
Persistent link: https://www.econbiz.de/10012997433
). First, we find that educational attainment and language proficiency have a higher return in the Netherlands than in Germany …, while for Germany we find a negative relation with tenured employment. The contrasting results on tenured employment may be … explained partly by differences in immigration rules. In Germany economic self-reliance is more important than in the …
Persistent link: https://www.econbiz.de/10014051625