Showing 81 - 90 of 196
income inequality. We estimate individual earnings functions for employed people conditional on a working status … distribution of unemployed persons of particular year on a base year. By computing inequality measures using the actual and … simulated populations we are able to assess the impact of unemployment on earnings inequality. Additionally, we simulate changes …
Persistent link: https://www.econbiz.de/10011150198
One of the central topics in recent empirical work on subjective well-being is that of comparisons to a reference group, over a variety of domains of economic and social life. One such reference group is neighbours. Any resulting spatial spillovers that are identified have potential implications...
Persistent link: https://www.econbiz.de/10008683498
We examine an economy in which the cost of consuming some goods can be reduced by making commitments to consumption levels independent of the state. For example, it is cheaper to produce housing services via owner-occupied than rented housing, but the transactions costs associated with the...
Persistent link: https://www.econbiz.de/10005126712
income inequality. We estimate individual earnings functions for employed people conditional on a working status … distribution of unemployed persons of particular year on a base year. By computing inequality measures using the actual and … simulated populations we are able to assess the impact of unemployment on earnings inequality. Additionally, we simulate changes …
Persistent link: https://www.econbiz.de/10005436015
Persistent link: https://www.econbiz.de/10005345480
It has become common wisdom amongst monetary policy professionals that central banks in Latin America should adopt inflation targeting. Pure inflation targeting implicitly assumes a social loss welfare function dependent on only inflation. In this paper using subjective well-being survey data...
Persistent link: https://www.econbiz.de/10004998028
We examine an economy in which the cost of consuming some goods can be reduced by making commitments that reduce flexibility. We show that such consumption commitments can induce consumers with risk-neutral underlying utility functions to be risk averse over small variations in income, but...
Persistent link: https://www.econbiz.de/10005102092
We examine an economy in which the cost of consuming some goods can be reduced by making commitments that reduce flexibility. We show that such consumption commitments can induce consumers with risk-neutral underlying utility functions to be risk averse over small variations in income, but...
Persistent link: https://www.econbiz.de/10005109598
We examine an economy in which the cost of consuming some goods can be reduced by making commitments that reduce flexibility. We show that such consumption commitments can induce consumers with risk-neutral underlying utility functions to be risk averse over small variations in income, but...
Persistent link: https://www.econbiz.de/10005020645
Is working more than monetary income? This paper attempts to give an answer to this question on the basis of the German Socio-economic Panel data set. By comparing the satisfaction with life between workers and non-workers with the same household income, the monetary value of participating in...
Persistent link: https://www.econbiz.de/10011256666