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a fundamental element (the utility function depends on gains and losses relative to a reference point and not on final … wealths as in expected utility theory). In order to identify the determinants of the income tax evasion decision, a general … reference income is used. We show that results obtained under expected utility theory are not robust. In particular, tax evasion …
Persistent link: https://www.econbiz.de/10010933897
The explanation of social inequalities in education is still a debated issue in economics. Recent empirical studies tend to downplay the potential role of credit constraint. This article tests a different potential explanation of social inequalities in education, specifically that social...
Persistent link: https://www.econbiz.de/10010750819
We investigate the relation between welfare and preference satisfaction in economics, and show that the extension of the scope of economic analysis through the 20th century forces economists to question the validity of the preference satisfaction criterion as a normative criterion for evaluating...
Persistent link: https://www.econbiz.de/10010633780
In an often quoted article, Genesove and Mayer (2001) observe that house sellers are reluctant to sell at a loss, and attribute this finding to loss aversion. I show that loss aversion cannot explain this phenomenon.
Persistent link: https://www.econbiz.de/10010635268
equals reference point for at least one good. The phenomenon intensity depends on the curvature of the utility curve. These …
Persistent link: https://www.econbiz.de/10011026068
propose a method to estimate an index of ex ante vulnerability to poverty, defined as the probability of being poor in the … generates a vulnerability index, or predicted probability of future poverty, which performs well in predicting future poverty …Traditional poverty measures fail to indicate the degree of risk of becoming or remaining poor that households are …
Persistent link: https://www.econbiz.de/10010899409
This paper measures the effects of food price shocks on both the level of household consumption per capita and the instability of the household consumption per capita growth rate in developing countries. In this vein, the paper explores the role of aid and remittance inflows in the mitigation of...
Persistent link: https://www.econbiz.de/10009211250
along which societies and economies evolve over time in such a way as to cover sufciently diferent vulnerability patterns … take into account the most relevant factors that defne the vulnerability of human systems to climate change and their …
Persistent link: https://www.econbiz.de/10009372639
of the paper is the use of an ex ante food vulnerability estimate. Vulnerability is defined as the probability of falling … below a given threshold in the future. After constructing a vulnerability variable for each household, we run three separate …-employment), in order to evaluate the impact of vulnerability on participation to the non-agricultural sector. We take into account …
Persistent link: https://www.econbiz.de/10010750552
The aim of this article is to study the vulnerability of the New-Caledonian economy from the analysis of the historical …-Caledonian economy doesn't show vulnerability signs insofar as the appreciation of assets linked to physical and human capital more than …
Persistent link: https://www.econbiz.de/10010821147