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In many poor countries with high emigration rates elderly people are left behind without care when their children migrate. Without a functioning market in private care migrants face a difficult trade-off between working their way out of poverty and providing informal care once their parents...
Persistent link: https://www.econbiz.de/10010886997
This paper evaluates the effect of AIDS-related mortality on per-capita incomes of surviving household members, using a large nationally representative sample of rural households from Zambia. To minimize selection bias that may arise because AIDS is likely to be the endogenous outcome of...
Persistent link: https://www.econbiz.de/10010956020
Education and health sectors are known to have massive impact on the quality of human life. In this context, the health … sector is discussed in this study to analyse the impact of fiscal decentralisation on basic health infrastructure in Pakistan …. Provincial datasets (1980-2001) from three provinces were used for the analysis of provincial health indicators. It was learnt …
Persistent link: https://www.econbiz.de/10010956078
We assess empirically whether foreign official development assistance (ODA) has been effective in alleviating HIV/AIDS epidemics, which figures prominently among the Millennium Development Goals. We employ a difference-in-difference-in-differences approach to identify the treatment effect of ODA...
Persistent link: https://www.econbiz.de/10008466435
We compare seven established risk elicitation methods and investigate how they explain an extensive set of risky behavior from a large household survey. We find overall positive correlation between items and low explanatory power in terms of behavior. Using an average of seven risk elicitation...
Persistent link: https://www.econbiz.de/10011120336
-dependent utility or cumulative prospect theory) …
Persistent link: https://www.econbiz.de/10010886877
This paper analyzes insurance demand under prospect theory in a simple model with two states of the world and fair … insurance contracts. We argue that two different reference points are reasonable in this framework, state-dependent initial … wealth or final wealth after buying full insurance. Applying the value function of Tversky and Kahneman (1992), we find that …
Persistent link: https://www.econbiz.de/10010886880
and the potential increments over it are evaluated by subjective expected utility with a risky utility function u. In … contrast to earlier approaches with models that aimed at separating riskless and risky utility, CT does not violate basic … irregularities like the expected utility paradoxes of Allais and Rabin, CT also separates risk attitude in the strong sense from …
Persistent link: https://www.econbiz.de/10010886918
discounted expected utility (DEU) as well as prospect theory and other models relying on probability weighting. In this note I …
Persistent link: https://www.econbiz.de/10010886922
This paper compares two prominent empirical measures of individual risk attitudes — the Holt and Laury (2002) lottery-choice task and the multi-item questionnaire advocated by Dohmen, Falk, Huffman, Schupp, Sunde and Wagner (2011) — with respect to (a) their within-subject stability over...
Persistent link: https://www.econbiz.de/10010886955