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Following the report of the Stiglitz Commission, measuring and comparing well-being across countries has gained renewed interest. Yet, analyses that go beyond income and incorporate non-market dimensions of welfare most often rely on the assumption of identical preferences to avoid the...
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lessons have been learned that may guide future policy. We focus on Europe and USA, but introduce evidence from other …
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Europe. …
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Despite numerous studies on labor supply, the size of elasticities is rarely comparable across countries. In this paper, we suggest the first large-scale international comparison of elasticities, while netting out possible differences due to methods, data selection and the period of...
Persistent link: https://www.econbiz.de/10010288270
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This paper analyzes the effectiveness of social protection systems in Europe and the US to provide (income) insurance … income shock and 47% of an idiosyncratic unemployment shock in Europe, compared to 32% and 34% in the US. There is large … heterogeneity within Europe with stabilization being much lower in Eastern and Southern than in Central and Northern Europe. Our …
Persistent link: https://www.econbiz.de/10008841933
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We explore the idea that happiness and psychological well-being are U-shaped in age. The main difficulty with this argument is that there are likely to be omitted cohort effects (earlier generations may have been born in, say, particularly good or bad times). First, using data on 500,000...
Persistent link: https://www.econbiz.de/10003566275