Showing 1 - 10 of 149
We find a U-shaped relation between happiness and religiosity in cross-country panel data after controlling for income levels. At a given level of income, the same level of happiness can be reached with high and low levels of religiosity, but not with intermediate levels. A rise in income causes...
Persistent link: https://www.econbiz.de/10010955857
We use factor analysis to derive a robust measure of religiosity from items reported in five waves of the World Value Survey. Our measure of religiosity is negatively correlated with per capita income. Development apparently causes religiosity to fall to about half its pre-modern level. Most...
Persistent link: https://www.econbiz.de/10008458435
open-access resource (water). The results show that uncoordinated farmers with a high risk aversion may under-adapt while … farmers with a low risk aversion would over-adapt under the same conditions. Private adaptation should be supported or …
Persistent link: https://www.econbiz.de/10010887026
The analysis of climate change is confronted with large uncertainties that need to be taken into account to arrive at meaningful policy recommendations. The main contribution of economics to this interdisciplinary task is to provide formal frameworks and techniques for analyzing climate policy...
Persistent link: https://www.econbiz.de/10010955710
There is a general agreement that (a) climate change is one of the most serious environmental problems, that (b) the analysis of climate change is confronted with a large degree of uncertainty and (c) that these uncertainties need to be taken into account to arrive at meaningful policy...
Persistent link: https://www.econbiz.de/10005818798
of agent’s risk aversion. Also, uncertainty exhibits different effects on mitigation policy and capital investment … according to the availability of ecosystem services. Importantly, both the risk aversion and the availability of ecosystem …
Persistent link: https://www.econbiz.de/10008480915
model captures the feature that the effects of uncertainty are different with different levels of agent's risk aversion. A …
Persistent link: https://www.econbiz.de/10005034303
This note considers the treatment of risk and uncertainty in the recently established social cost of carbon (SCC) for … discounting, it mis-estimated climate risk, possibly hugely. Given the uncertainty about estimating the SCC, the note concludes by …
Persistent link: https://www.econbiz.de/10009246865
individuals’ attitudes toward risk. It challenges the conventional view that the random lottery incentive mechanism introduces no … biases in inducing risk preferences …
Persistent link: https://www.econbiz.de/10010886962
In this paper we develop a methodology for identifying a population group surveyed latently in the (target) survey relevant for further processing, for example poverty calculations, but surveyed explicitly in another (source) survey, not suitable for such processing. Identification is achieved...
Persistent link: https://www.econbiz.de/10005083377