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According to the endowment effect there is some discomfort associated with giving up a good, that is to say, we are willing to give up something only if the price is greater than the price we are willing to pay for it. This implies that the indifference curves should designate a reference point...
Persistent link: https://www.econbiz.de/10010370273
Persistent link: https://www.econbiz.de/10011484122
We estimate growth rates of real incomes in the U.S. by quintiles using the Congressional Budget Office’s (CBO) post-tax, post-transfer data as basis for the period 1979-2011. We improve upon them by including only the present value of earnings that will accrue in retirement and excluding...
Persistent link: https://www.econbiz.de/10011458031
This paper is based on the ideas of political philosopher John Rawls who suggested that a just society is one which would be created behind a "veil of ignorance", that is to say, without knowing where one would end up in the society's distribution of talent and other attributes valued in the...
Persistent link: https://www.econbiz.de/10011497927
mental and physical health of the population creates psychological stress. Focusing on the bellwether indicators of economic … stress was generated by debilitating poverty, financial insecurity, by the highest level of inequality among rich countries … the deterioration of mental health, by the propensity to relieve the pain through the use of illicit drugs, by deaths of …
Persistent link: https://www.econbiz.de/10013383434
considering that this adverse development is related to the greater social inequality, an inferior health-care system, and fewer …- and Northern European welfare states, with cradle to grave health and unemployment insurance currently provide a more …
Persistent link: https://www.econbiz.de/10011509441
This paper investigates the biological standard of living toward the end of Spanish rule. We investigate levels, trends, and determinants of physical stature from the birth cohorts of the 1860s to the 1890s using data on 23,000 Filipino soldiers enlisted by the U.S. military between 1901 and...
Persistent link: https://www.econbiz.de/10011292971
Persistent link: https://www.econbiz.de/10011327239
height were greater in the East amongfemales, and less among males than in the West. Spatial inequality wasgreater in the … difficultiesexperienced by the East-German population after 1961 is evident in theincrease in social inequality of physical stature thereafter …
Persistent link: https://www.econbiz.de/10011400292
Background: The trend in the BMI values of the US population has not been estimated accurately because time series data are unavailable and because the focus has been on calculating period effects. Object: To estimate the trend and rate of change of BMI values by birth cohorts stratified by...
Persistent link: https://www.econbiz.de/10003945803