Similar Search Results

An empirical investigation of labor income processes

Guvenen, Fatih - 2007

In this paper we reassess the evidence on labor income risk. There are two leading views on the nature of the income … process in the current literature. The .first view, which we call the .Restricted Income Profiles.(RIP) process, holds that … individuals are subject to large and very persistent shocks, while facing similar life-cycle income profiles. The alternative view …

Persistent link: https://www.econbiz.de/10010293069

Car Ownership and Status

Verhoef, Erik T.; van Wee, Bert - 2000

, further increases in income will not lead to a significantincrease in happiness. Additional income willprobably often be spent …

Persistent link: https://www.econbiz.de/10010324607

Social Status and Group Norms

Seinen, Ingrid; Schram, Arthur - 2001

This paper provides experimental evidence showing that indirectreciprocity may important in economic decision making and in thedevelopment of group norms. We study a `repeated helping game' withrandom pairing in large groups, with individuals equally dividedbetween donors and recipients. Donors...

Persistent link: https://www.econbiz.de/10010324740

Identity and Commitment: Sen's Conception of the Individual

Davis, John B. - 2004

This paper develops a conception of personal identity for Amartya Sen's capability framework that emphasizes his self-scrutinizing aspect of the self and related concept of commitment, and compares this conception to the co1lective intentionality-based one advanced in Davis (2003c). The paper...

Persistent link: https://www.econbiz.de/10010325342

Status-Seeking in Violent Subcultures and the Double Dividend of Zero-Tolerance

Dur, Robert - 2006

This paper develops a model in which individuals gain social status among their peers for being 'tough' by committing violent acts. We show that a high penalty for moderately violent acts (zero-tolerance) may yield a double dividend in that it reduces both moderate and extreme violence. The...

Persistent link: https://www.econbiz.de/10010325377

A Theory of Socioeconomic Disparities in Health over the Life Cycle

Galama, Titus J.; van Kippersluis, Hans - 2010

Understanding of the substantial disparity in health between low and high socioeconomic status (SES) groups is hampered by the lack of a suffciently comprehensive theoretical framework to interpret empirical facts and to predict yet untested relations. We present a life-cycle model that...

Persistent link: https://www.econbiz.de/10010325639

Generational Accounting, Solidarity and Pension Losses

Teulings, Coen N.; de Vries, Casper G. - 2003

The stock market collapse led to political tensions between generations due to the fuzzy definition of the property rights over the pension funds’ wealth. The problem is best resolved by the introduction of generational accounts. Modern consumption and portfolio theory shows that the younger...

Persistent link: https://www.econbiz.de/10010324730

Human Capital and Cross-Country Comparison of Inequality

Viaene, Jean-Marie; Zilcha, Itzhak - 2002

The paper studies the effects of cross-country differences in the productionprocess of human capital on income … effect upon intragenerational income inequality and growth along theequilibrium path. We also indicate how the level of …

Persistent link: https://www.econbiz.de/10010324734

Human Capital Formation, Income Inequality and Growth

Viaene, Jean-Marie; Zilcha, Itzhak - 2001

The paper studies the determinants of income distribution and growth in an overlapping generations economy ….Heterogeneity in income results from the distribution of human capital acrossindividuals in a non-degenerate way. The human capital … production is affected by 'home-education' , provided bythe parents, as well as 'public-education , which is provided equally to …

Persistent link: https://www.econbiz.de/10010324875

Voluntary Participation and Intergenerational Risk Sharing in a Funded Pension System

Beetsma, Roel; Romp, Ward; Vos, Siert J. - 2011

We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the system is voluntary. Typically, the willingness of the young to participate depends on their belief about the future young's willingness to do so. We characterise equilibria with...

Persistent link: https://www.econbiz.de/10010325858