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On the demand for grandchildren: Tied transfers and the demonstration effect

Cox, Donald; Stark, Oded - 2004

transfers to their own parents in order to instill appropriate preferences in their children. This generates a derived demand …. We argue that parents provide help with downpayments in order to encourage the production of grandchildren, and that such … a subsidization emanates from the demonstration effect: a child's propensity to furnish parents with attention and care …

Persistent link: https://www.econbiz.de/10010293715

Returns to apprenticeship training in Austria: Evidence from failed firms

Fersterer, Josef; Pischke, Jörn-Steffen; Winter-Ebmer, … - 2007

Little is known about the payoffs to apprenticeship training in the German speaking countries for the participants. There is a lot of heterogeneity in the types of apprenticeships offered, and there might be an important element of selection in who obtains an apprenticeship, and what type. To...

Persistent link: https://www.econbiz.de/10010294032

Conspicuous consumption, economic growth, and taxation: A generalization

Fisher, Walter H.; Hof, Franz X. - 1999

This paper studies the influence of consumption externalities in the Ramsey model. In contrast to the recent literature, a quite general specification of preferences is used and the concept of the effective intertemporal elasticity of substitution is introduced. We give conditions for the...

Persistent link: https://www.econbiz.de/10010291908

Status preference, wealth, and dynamics in the open economy

Fisher, Walter H. - 2001

The implications of status preference in a simple open economy model will be investigated in this paper. The open economy is modeled as a continuum of identical representative agents who have preferences over consumption and status. In the paper status is identified as relative wealth, which...

Persistent link: https://www.econbiz.de/10010292763

Status seeking in the small open economy

Fisher, Walter H.; Hof, Franz X. - 2001

's counterfactual result that an impatient country over time mortgages all of its capital and labor income. We show that the steady …

Persistent link: https://www.econbiz.de/10010292769

Investment and current account dynamics in an open economy status seeking framework

Fisher, Walter H. - 2002

In this paper we analyze the implications of status-preference, modeled as relative wealth, for the current account in a small open economy framework with capital stock dynamics. We demonstrate that the transitional dynamics of the economy is characterized by two distinct speeds of adjustment: a...

Persistent link: https://www.econbiz.de/10010292781

Status aspirations, wealth inequality, and economic growth

Stark, Oded - 2005

This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters the accumulation of wealth. It proposes a measure for an individual's want of social status. For a given level of a population's wealth, the corresponding aggregate measure of...

Persistent link: https://www.econbiz.de/10010293749

A theory of migration as a response to occupational stigma

Stark, Oded; Fan, C.Simon - 2010

A theory is developed of labor migration that is prompted by a desire to avoid social humiliation. In a general equilibrium framework it is shown that as long as migration can reduce humiliation sufficiently, migration will occur even between two identical economies. Migration increases the...

Persistent link: https://www.econbiz.de/10010294009

Peer effects in Austrian schools

Schneeweis, Nicole; Winter-Ebmer, Rudolf - 2005

students' academic outcomes. We used PISA 2000 data to estimate peer effects for 15 and 16 year old students. The estimations …, quantile regressions suggest peer effects to be asymmetric in favor of low-ability students, meaning that students with lower …

Persistent link: https://www.econbiz.de/10010293753

Doubly robust estimation of causal effects with multivalued treatments

Uysal, S. Derya - 2013

This paper provides doubly robust estimators for treatment effect parameters which are defined in multivalued treatment effect framework. We apply this method on a unique data set of British Cohort Study (BCS) to estimate returns to different levels of schooling. Average returns are estimated...

Persistent link: https://www.econbiz.de/10010368246