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Migration, Congestion Externalities, and the Evaluation of Spatial Investments

Dinkelman, Taryn; Schulhofer-Wohl, Sam - C.E.P.R. Discussion Papers - 2012

Evaluations of new infrastructure in developing countries typically focus on direct effects, such as the impact of an electrifification program on household energy use. But if new infrastructure induces people to move into an area, other local publicly provided goods may become congested,...

Persistent link: https://www.econbiz.de/10011083273

Mitigating long-run health effects of drought: Evidence from South Africa

Dinkelman, Taryn - C.E.P.R. Discussion Papers - 2014

Drought is Africa’s primary natural disaster and a pervasive source of income risk for poor households. This paper documents the long-run health effects of early life exposure to drought and investigates an important source of heterogeneity in these effects. Combining birth cohort variation in...

Persistent link: https://www.econbiz.de/10011083817

Consumption and Labour Supply with Partial Insurance: An Analytical Framework

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2007

over the period 1967-1996. We then use the estimated parameter values to decompose inequality in all variables of interest …

Persistent link: https://www.econbiz.de/10005114147

Cardiovascular Consequences of Unfair Pay

Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011

This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise...

Persistent link: https://www.econbiz.de/10009144731

Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2005

, greater wage inequality presents opportunities to increase aggregate productivity by concentrating market work among more …

Persistent link: https://www.econbiz.de/10005123728

The Cross-Sectional Implications of Rising Wage Inequality in the United States

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2004

This Paper explores the implications of the recent sharp rise in US wage inequality for welfare and the cross … than wage dispersion, due to a rise in the correlation between wages and hours worked. Over the same period, inequality in … hours worked remained roughly constant, and consumption inequality increased only modestly. Using data from the PSID, we …

Persistent link: https://www.econbiz.de/10005656181

Two Views of Inequality Over the Life-Cycle

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2004

Data on the life-cycle profiles of inequality in wages, earnings, hours worked and consumption contains precious … on the estimated age profiles for inequality and, thus, on the answers to those questions. It also shows that time … effects are required to account for the observed trends in inequality in thirty years of US data, whereas there is no evidence …

Persistent link: https://www.econbiz.de/10005662083

Precautionary Savings or Working Longer Hours?

Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2005

This paper quantifies the macroeconomic implications of the lack of insurance against idiosyncratic labour market risk. I show that in a model economy calibrated to observed individual level data, households make ample use of work effort as a consumption smoothing mechanism. As a consequence,...

Persistent link: https://www.econbiz.de/10005661837

Appropriating the Commons - A Theoretical Explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001

In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...

Persistent link: https://www.econbiz.de/10005123667

The Behavioural Effects of Minimum Wages

Falk, Armin; Fehr, Ernst; Zehnder, Christian - C.E.P.R. Discussion Papers - 2005

The prevailing labour market models assume that minimum wages do not affect the labour supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum...

Persistent link: https://www.econbiz.de/10005124189