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Confronting the Representative Consumer with Household-Size Heterogeneity
Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2010
Much analysis in macroeconomics empirically addresses economy-wide incentives behind consumer/investment choices by using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize attempts to back up the representative consumer...
Persistent link: https://www.econbiz.de/10008727755
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Enjoyment takes time: Some implications for choice theory
Nisticò, Sergio - Institut für Weltwirtschaft (IfW) - 2014
The paper suggests that casting the choice problem in terms of alternative time-consuming activities can foster the fruitful cross-fertilization between economics and psychology along the lines suggested by Scitovsky in the Joyless Economy. The first part emphasizes how mainstream, utility-based...
Persistent link: https://www.econbiz.de/10010983170
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The Social Impact of Structural Adjustment in Bolivia
Thiele, Rainer - Institut für Weltwirtschaft (IfW) - 2001
This paper provides an account of the evolution of poverty and inequality during adjustment in Bolivia, covering the … period 1985–99. It turns out that urban poverty declined somewhat after the initial stabilization phase that followed the … hyperinflation in 1985. A similar evolution of per capita income suggests a positive impact of growth on urban poverty, although the …
Persistent link: https://www.econbiz.de/10005818839
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Resource Booms, Inequality, and Poverty: The Case of Gas in Bolivia
Lay, Jann; Thiele, Rainer; Wiebelt, Manfred - Institut für Weltwirtschaft (IfW) - 2006
, growth generated by the boom reduces poverty despite increasing informality. …
Persistent link: https://www.econbiz.de/10005755234
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Constructing a Social Accounting Matrix with a Distributional Focus ; The Case of Bolivia
Thiele, Rainer; Piazolo, Daniel - Institut für Weltwirtschaft (IfW) - 2002
services sector is split up into formal and informal activities to account for the fact that poverty is largely confined to the …
Persistent link: https://www.econbiz.de/10005818848
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Global Income Distribution and Poverty: Implications from the IPCC SRES Scenarios
Calzadilla, Alvaro - Institut für Weltwirtschaft (IfW) - 2010
poverty module (GlobPov), we assess the implication of the IPCC SRES scenarios on global poverty and inequality. We find that … global poverty and inequality measures are sensitive to the downscaling methodology used. Our results show that future … economic growth is crucial for poverty reduction. Higher per capita incomes tend to favour poverty reduction, while higher …
Persistent link: https://www.econbiz.de/10008740518
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Boats and tides and "Trickle Down" theories: What economists presume about wellbeing when they employ stochastic process theory in modeling behavior
Anderson, Gordon - Institut für Weltwirtschaft (IfW) - 2012
. Various forms of poverty, inequality, polarization and income mobility structures are considered and much of the conventional …
Persistent link: https://www.econbiz.de/10010956065
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The sensitivity of distributional measures to the reference period of income
Schröder, Carsten - Institut für Weltwirtschaft (IfW) - 2012
shape of the distribution and derived measures of inequality, poverty, and mobility. Using employment histories of German …
Persistent link: https://www.econbiz.de/10010886845
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Asymmetric Price Adjustment in the Small
Levy, Daniel; Haipeng (Allan) Chen; Ray, Sourav; … - Institut für Weltwirtschaft (IfW) - 2007
Analyzing a large weekly retail transaction price dataset, we uncover a surprising regularity— small price increases occur more frequently than small price decreases for price changes of up to about 10 cents, while there is no such asymmetry for larger price changes. The asymmetry holds for...
Persistent link: https://www.econbiz.de/10005700618
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Deflation und Konsumstau: Mikroökonomische Evidenz
Henning Klodt ; Hartmann, Anna - Institut für Weltwirtschaft (IfW) - 2014
Deflation is said to dampen aggregate demand because consumers would defer purchases while waiting for prices to fall further in the future. We explore the validity of this reasoning at the level of individual goods. Our findings suggest that the widespread concerns about impaired aggregate...
Persistent link: https://www.econbiz.de/10010887006