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The Effect of College Employment on Graduation: Evidence from France

Beffy, Magali; Fougère, Denis; Maurel, Arnaud - C.E.P.R. Discussion Papers - 2013

This paper investigates the effect of employment while in college on graduation, using data from the French Labour Force Surveys over the period 1992 to 2002. Using spatial variation in low-skill youth unemployment rates to circumvent the endogeneity of college employment decisions, we find a...

Persistent link: https://www.econbiz.de/10011083370

Vague Lies: How to Advise Consumers When They Complain

Drugov, Mikhail; Troya Martinez, Marta - C.E.P.R. Discussion Papers - 2012

This paper analyzes the incentives of a seller to provide (un)biased and (im)precise advice about a complex product … such as insurance, banking and telecommunication services. Misleading the buyers by biasing the advice upwards increases … the revenues but also the expected fine imposed by the authority. Making the advice less precise does not affect the …

Persistent link: https://www.econbiz.de/10011083992

Money and Happiness: Evidence from the Industry Wage Structure

Pischke, Jörn-Steffen - C.E.P.R. Discussion Papers - 2011

There is a well-established positive correlation between life-satisfaction measures and income in individual level cross-sectional data. This paper attempts to provide some evidence on whether this correlation reflects causality running from money to happiness. I use industry wage differentials...

Persistent link: https://www.econbiz.de/10009643510

Competition and Well-Being

Brandts, Jordi; Riedl, Arno; Winden, Frans A.A.M. van - C.E.P.R. Discussion Papers - 2006

This paper experimentally studies the effects of competition in an environment where people's actions can not be contractually fixed. We find that, in comparison with no competition, the presence of competition does neither increase efficiency nor does it yield any gains in earnings for the...

Persistent link: https://www.econbiz.de/10005123778

Happiness on Tap: Piped Water Adoption in Urban Morocco

Devoto, Florencia; Duflo, Esther; Dupas, Pascaline; … - C.E.P.R. Discussion Papers - 2011

We study the demand for household water connections in urban Morocco, and the effect of such connections on household welfare. In the northern city of Tangiers, among homeowners without a private connection to the city’s water grid, a random subset was offered a simplified procedure to...

Persistent link: https://www.econbiz.de/10008915808

Decentralization, Happiness, and the Perception of Institutions

Diaz-Serrano, Luis; Rodriguez-Pose, Andres - C.E.P.R. Discussion Papers - 2011

This paper analyses whether the different powers and resources at the disposal of local and regional governments across Europe deliver greater satisfaction with political institutions and lead to greater personal happiness. The analysis uses microdata from the four available waves of the...

Persistent link: https://www.econbiz.de/10009001061

Trust, Growth and Well-Being: New Evidence and Policy Implications

Algan, Yann; Cahuc, Pierre - C.E.P.R. Discussion Papers - 2013

This survey reviews the recent research on trust, institutions and economic development. It discusses the various measures of trust and documents the substantial heterogeneity of trust across space and time. The conceptual mechanisms that explain the influence of trust on economic performance...

Persistent link: https://www.econbiz.de/10011084699

Costly Contracts and Consumer Credit

Livshits, Igor; MacGee, James; Tertilt, Michèle - C.E.P.R. Discussion Papers - 2011

the dispersion of credit card interest rates nearly tripled, and the share of credit card debt of lower income households …

Persistent link: https://www.econbiz.de/10009322977

Consumption Smoothing and Income Redistribution

Bertola, Giuseppe; Koeniger, Winfried - C.E.P.R. Discussion Papers - 2007

We show theoretically that income redistribution benefits borrowing-constrained individuals more than is implied by standard relative-income and uninsurable-risk considerations. Empirically, we find in international opinion-survey data that younger and lower-income individuals express stronger...

Persistent link: https://www.econbiz.de/10005666473

The Myth of Financial Innovation and the Great Moderation

Den Haan, Wouter; Sterk, Vincent - C.E.P.R. Discussion Papers - 2009

Financial innovation is widely believed to be at least partly responsible for the recent financial crisis. At the same time, there are empirical and theoretical arguments that support the view that changes in financial markets played a role in the "great moderation". If both are true, then the...

Persistent link: https://www.econbiz.de/10008477177