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Conflicting Measures of Poverty and Inadequate Saving by the Poor – The Role of Status Driven Utility Function
Marjit, Sugata; Roy, Ranjan - 2010
In presence of inequality a status driven utility function reconciles the conflict between income based and nutrition … based measures of poverty. Moreover, it can explain why the poor tend to save less, an established empirical fact in the …
Persistent link: https://www.econbiz.de/10015224740
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Conspicuous Consumption, Social Status and Measures of Poverty – An Example
Marjit, Sugata; Mandal, Biswajit - 2011
status driven utility function reconciles the conflict between income based and nutrition based measures of poverty. …The existing literature on poverty has discussed about the conflict between income-based measure and nutrition …-based measure. However, the role of social inequality in influencing individual’s consumption and inducing greater consumption of …
Persistent link: https://www.econbiz.de/10015228739
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The single-mindedness of labor unions when transfers are not Lump-Sum
canegrati, emanuele - 2007
In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...
Persistent link: https://www.econbiz.de/10015221948
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Fairness and Ethics in Spending
Ghassan, Hassan Belkacem - 2015
Islamic faith and the ethical dimensions of the individual and the community have a significant role in guiding economic behavior by connecting the worldly life to the hereafter. In the Islamic economics paradigm, we exhibit the good (bad) attributes of ethical (unethical) behavior by relating...
Persistent link: https://www.econbiz.de/10015214618
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Financial Literacy and Consumer Financial Well-being in Ghana: Any Nexus with Economic Stability?
Matey, Juabin - 2021
Despite persistent efforts to deal with life's economic challenges, most Ghanaians are financially insecure, making the pursuit of lifelong goals more difficult. Given these realities, financial literacy and consumer financial stability appear viable strategies for promoting economic stability....
Persistent link: https://www.econbiz.de/10015258002
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Utilization Pattern of PM-KISAN Benefits
H, Gopi; K B, Rangappa - 2021
In developing countries like India, the obstacles for development for an economy are large. Such countries' population is mainly dependent on agriculture for their livelihood. It is relic, that the exploitation of landlords and zamindari systems on small and marginal farmers. Even today small...
Persistent link: https://www.econbiz.de/10015268418
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Islamic Consumer Model, Fairness Behavior and Asymptotic Utility
Ghassan, Hassan B. - 2015
specific behavior that requires Halal earning, fairness in spending and Halal utility leading to materialistic satisfaction and … metaphysic reward. To analyze the Muslim consumer utility, in addition to the Islamic economics heritage, we rely on the … instruments and prevailing assumptions in economics. Shaibani’s (750-805 AD) analysis of earning/spending/utility is based on …
Persistent link: https://www.econbiz.de/10015249357
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Social Norms, Status Spending and Household Debt: Evidence from Kyrgyzstan
Aldashev, Alisher - 2019
Development economists have two key paradigms concerning poverty and financial markets. One considers the poor in the … ceremonial spending they increase the likelihood of debt thus creating a vicious circle which might keep households in poverty …
Persistent link: https://www.econbiz.de/10015262674
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Spreading Academic Pay over Nine or Twelve Months: Economists Are Supposed to Know Better, but Do They Act Better?
Claar, Victor V; Diestl, Christine M; Poll, Ross D - 2009
Our paper empirically considers two general hypotheses related to the literature of behavioral economics. First, we test the null hypothesis that individuals behave, on average, in a manner more consistent with the rational expectations hypothesis than with the idea of self-control in the face...
Persistent link: https://www.econbiz.de/10015216285
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Spreading Academic Pay over Nine or Twelve Months: Economists Are Supposed to Know Better, but Do They Act Better?
Claar, Victor V; Diestl, Christine M; Poll, Ross D - 2009
Our paper empirically considers two general hypotheses related to the literature of behavioral economics. First, we test the null hypothesis that individuals behave, on average, in a manner more consistent with the rational expectations hypothesis than with the idea of self-control in the face...
Persistent link: https://www.econbiz.de/10015218901