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The sustainability of the welfare state ultimately depends on citizens’ preferences for income redistribution. They are elicited through a Discrete Choice Experiment performed in 2008 in Switzerland. Attributes are redistribution as GDP share, its uses (the unemployed, old-age pensioners,...
Persistent link: https://www.econbiz.de/10008511616
This paper argues that the consumption value of education is an important motivation for the educational choice. While controlling for ability, we document that individuals are willing to forego substantial future wage returns in order to acquire a particular type of higher education. We...
Persistent link: https://www.econbiz.de/10008533984
The consumption value of higher education is an important factor behind the individual’s educational choice. We provide a comprehensive literature survey, and define the consumption value as the private, intended, non-pecuniary return to higher education. We provide new empirical evidence for...
Persistent link: https://www.econbiz.de/10008534058
across family members, WTP(C). Households are assumed to allocate their resources in efficient Nash bargains over private and …
Persistent link: https://www.econbiz.de/10005181474
In the expected-utility theory of the monetary value of a statistical life, the so-called “dead-anyway” effect discovered by Pratt and Zeckhauser (1996) asserts that an individuals' willingness to pay (WTP) for small reductions in mortality risk increases with the initial level of risk....
Persistent link: https://www.econbiz.de/10005405707
We report results of a survey of a representative sample of the German population in which respondents were asked in various scenarios for their willingness-to-pay (WTP) for a gain of one quality-adjusted life year. While one version of the survey exactly copied the setting (online survey) and...
Persistent link: https://www.econbiz.de/10010659184
This paper investigates how mothers’ decision to stay at home with young children affects their subsequent work careers …
Persistent link: https://www.econbiz.de/10010551015
decisions and intergenerational transfers are governed by self-enforcing family constitutions. We then show that first and …
Persistent link: https://www.econbiz.de/10005181293
We attempt to answer a simple empirical question: does having children make a parent live longer? The hypothesis we …, 1991, and 2001, we are unable to reject this hypothesis. By contrast, we find in our key result that women with children … have a roughly 8% higher survival probability than women without children. …
Persistent link: https://www.econbiz.de/10010711141
We provide a theory whereby non-benevolent, self-employed households increase their expected family size to raise the … likelihood that an inside family member will be a good match at running the business. Hence, having larger family sizes raises … respondents have approximately .2 to .4 more actual and expected number of children if they are self-employed as compared to if …
Persistent link: https://www.econbiz.de/10005181252