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This paper considers the effect of status or relative income on work effort combining experimental evidence from a gift …. The individual's rank in the income distribution is a stronger determinant of effort than others' average income …: those who received higher income offers or had higher income rank in the past exert lower levels of effort for a given …
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between children and subjective well-being is positive only in developed countries, and for those who become parents after the …There is mixed evidence in the existing literature on whether children are associated with greater subjective well … age of 30 and who have higher income. We also provide evidence of a positive selection into parenthood, whereby happier …
Persistent link: https://www.econbiz.de/10011457380
We develop a simple human capital model for optimum schooling length when earnings are stochastic, and highlight the pivotal role of risk attitudes and the schooling gradient of earnings risk. We use Spanish data to document the gradient and to estimate individual response to earnings risk in...
Persistent link: https://www.econbiz.de/10011327826
As Switzerland experiences a severe shortage of nurses, this paper investigates the impact of students' ex ante wage …. This suggests that policies that increase returns from studying nursing can attract students to nursing. In addition, the …
Persistent link: https://www.econbiz.de/10011283119
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We use the method of Dominitz and Manski (1996) to solicit anticipated wage distributions for continuing to a Master degree or going to work after completing the Bachelor degree. The means of the distributions have an effect on intention to continue as predicted by theory. The dispersions in...
Persistent link: https://www.econbiz.de/10009296360