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Individuals’ aversion to risk and inequality, and their concern for relative standing, are measured through experimental choices between hypothetical societies. It is found that on average individuals are both fairly inequality-averse and have a strong concern for relative income. The results...
Persistent link: https://www.econbiz.de/10005651772
This paper examines whether the subjective well-being of migrants is responsive to fluc- tuations in macroeconomic conditions in their country of origin. Using the German Socio- Economic Panel for the years 1984 to 2009 and macroeconomic variables for 24 countries of origin, we exploit...
Persistent link: https://www.econbiz.de/10010818761
When the labour supply is elastic with respect to the net wage, labour income taxation generates economic distortion and welfare loss. The substitute effect is a key determinant of the magnitude of such deadweight loss; thus, evaluating the elasticity of the labour supply has broad and...
Persistent link: https://www.econbiz.de/10009363338
When he labor supply is elastic with respect to the net wage rate, labor income taxation generates economic distortion and welfare loss. The substitute effect is a key determinant of the magnitude of such deadweight loss; thus, evaluating the elasticity of the labor supply has broad and...
Persistent link: https://www.econbiz.de/10009363360
We investigate the importance of relative income within the Indian Caste system, using a choice experiment. We find that slightly more than half of the marginal utility of income comes from some kind of relative income effects, on average, which is comparable to the results from previous studies...
Persistent link: https://www.econbiz.de/10005651677
We find, using survey-experimental methods, that most individuals are concerned with both relative income and relative consumption of particular goods. The degree of concern varies in the expected direction depending on the properties of the good. However, contrary to what has been suggested in...
Persistent link: https://www.econbiz.de/10005651773
Till date,conceptualisation of poverty in Bangladesh’s policy making is limited to income/consumption poverty where a … rise or fall of income/consumption above or below a pre-defined poverty line determines changes in poverty. To identify the … budgetary and fiscal measures which can be redesigned in a way that can significantly reduce poverty and ensure economic and …
Persistent link: https://www.econbiz.de/10009493301
Till date,conceptualisation of poverty in Bangladesh’s policy making is limited to income/consumption poverty where a … rise or fall of income/consumption above or below a pre-defined poverty line determines changes in poverty. To identify the … budgetary and fiscal measures which can be redesigned in a way that can significantly reduce poverty and ensure economic and …
Persistent link: https://www.econbiz.de/10009493309
Till date,conceptualisation of poverty in Bangladesh’s policy making is limited to income/consumption poverty where a … rise or fall of income/consumption above or below a pre-defined poverty line determines changes in poverty. To identify the … budgetary and fiscal measures which can be redesigned in a way that can significantly reduce poverty and ensure economic and …
Persistent link: https://www.econbiz.de/10009493310
impact on poverty in the recipient economy is a controversial issue. In this study, we examine the impact on poverty in two … Pakistan is used to conduct simulations in order to assess the impact of an increase in foreign capital on poverty both in the … reduce poverty in the presence as well as in the absence of trade liberalisation when labour is homogeneous. However, poverty …
Persistent link: https://www.econbiz.de/10009363494