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most countries around the world. Turning to the relationship between countries, we show that average life satisfaction is … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same …-being. Finally, studying changes in satisfaction over time, we find that as countries experience economic growth, their citizens …
Persistent link: https://www.econbiz.de/10008684672
Using a simple monopoly model, this note analyses the incentives of a vaccine producer. Because a vaccine tends to eradicate the disease for which it is intended, it also tends to destroy its own market. This means that monopolistic producers may be tempted, in a socially non-optimal way, to...
Persistent link: https://www.econbiz.de/10005114442
This paper analyses the profit maximising capacity choice of a monopolistic vaccine producer facing the uncertain event of a pandemic in a homogenous population of forward-looking individuals. For any capacity level the monopolist solves the intertemporal price discrimination problem within the...
Persistent link: https://www.econbiz.de/10005661750
negative externality (higher effort decreases the expected future quality of the asset) case: it is enough for the principal to … commit to reallocate the right to use the asset at the end of the first period. In the positive externality case (when higher …
Persistent link: https://www.econbiz.de/10005504381
Kilauea volcano is the largest stationary source of SO2 pollution in the United States of America. Moreover, the SO2 that the volcano emits eventually forms particulate matter, another major pollutant. We use this exogenous source of pollution variation to estimate the impact of particulate...
Persistent link: https://www.econbiz.de/10011252621
Using detailed geographical and household survey data from Nepal, this article investigates the relationship between isolation and subjective welfare. This is achieved by examining how distance to markets and proximity to large urban centers affect responses to questions about income and...
Persistent link: https://www.econbiz.de/10005123751
The recent literature has shown that subjective welfare depends on relative income. Attempts to test this relationship in poor countries have yielded conflicting results, suggesting that the relationship is not universal or only applies above a certain income level. We revisit the issue using...
Persistent link: https://www.econbiz.de/10005792353
-time. We analyze the relationship between part-time work and life satisfaction, and between job satisfaction and preferred … working hours using panel data on life and job satisfaction for a sample of partnered women and men. We also utilize time … hypothesis in this context. Our main results indicate that partnered women in part-time work have high levels of job satisfaction …
Persistent link: https://www.econbiz.de/10008468702
satisfaction; job satisfaction; and life satisfaction. We account for interdependence within the family using data on partnered men … and women from the British Household Panel Survey. We find that men have the highest hours-of-work satisfaction if they … work full-time without overtime hours but neither their job satisfaction nor their life satisfaction are affected by how …
Persistent link: https://www.econbiz.de/10005123569
We analyze interaction effects of birth weight and the business cycle at birth on individual cardiovascular (CV) mortality later in life. In addition, we examine to what extent these long-run effects run by way of cognitive ability and education and to what extent those mitigate the long-run...
Persistent link: https://www.econbiz.de/10011084641