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Accounting for Context: Separating Monetary and Social Incentives
Bergh, Andreas; Wichardt, Philipp C. - Institut für Weltwirtschaft (IfW) - 2014
This paper proposes a simple framework to model social preferences in a game theoretic framework which explicitly separates economic incentives from social (context) effects. It is argued that such a perspective makes it easier to analyse contextual effects. Moreover, the framework is used to...
Persistent link: https://www.econbiz.de/10010960598
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Income Inequality and Health: New Evidence from Panel Data
Herzer, Dierk; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2011
This paper argues that previous cross-country (panel) studies on the relationship between income inequality and health …-country heterogeneity in the impact of inequality on health. Using panel cointegration techniques that are robust to omitted variables … statistically significant positive impact on population health. Also, there is some evidence that inequality is endogenous in the …
Persistent link: https://www.econbiz.de/10009320183
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Income inequality and health: Evidence from developed and developing countries
Herzer, Dierk; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2014
developing countries. Our empirical analysis challenges the widely held view that inequality matters more for health in richer …We assess the effect of income inequality on life expectancy by performing separate estimations for developed and … countries than for health in poorer countries. Employing panel cointegration and conventional panel regressions, we find that …
Persistent link: https://www.econbiz.de/10010961612
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Alternative Payoff Mechanisms for Choice under Risk
Cox, James C.; Sadiraj, Vjollca; Schmidt, Ulrich - Institut für Weltwirtschaft (IfW) - 2014
Most experiments on decision theory ask individual subjects to make more than one decision. The isolation hypothesis is …
Persistent link: https://www.econbiz.de/10010886962
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Guilt aversion and redistributive politics: A moral intuitionist approach
Le Garrec, Gilles - Institut für Weltwirtschaft (IfW) - 2013
show that people do care about fairness in their demand for redistribution. In this article, in the spirit of the new …
Persistent link: https://www.econbiz.de/10010956115
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Envy, Guilt, and the Phillips Curve
Ahrens, Steffen; Snower, Dennis - Institut für Weltwirtschaft (IfW) - 2012
We incorporate inequity aversion into an otherwise standard New Keynesian dynamic equilibrium model with Calvo wage contracts and positive inflation. Workers with relatively low incomes experience envy, whereas those with relatively high incomes experience guilt. The former seek to raise their...
Persistent link: https://www.econbiz.de/10009421748
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The BIP trilogy (bipolarization, inequality and polarization): One saga but three different stories
Deutsch, Joseph; Fusco, Alessio; Silber, Jacques - Institut für Weltwirtschaft (IfW) - 2012
Inequality, bi-polarization and polarization are related but distinct concepts aiming at analysing the income … distribution. This paper first recalls the main differences between these three notions of inequality, bipolarization and … on inequality, bipolarization and polarization is analyzed via what is known as the Shapley de-composition and the …
Persistent link: https://www.econbiz.de/10010956034
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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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Country inequality rankings and conversion schemes
Schröder, Carsten; Bönke, Timm - Institut für Weltwirtschaft (IfW) - 2012
Two conversion schemes are usually employed for assessing personal-income inequality from household equivalent incomes … sensitivity of country inequality rankings to conversion schemes and explain the finding by means of inequality decomposition. A …
Persistent link: https://www.econbiz.de/10009646514
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Reduction of income inequality and subjective well-being in Europe
Hajdu, Tamás; Hajdu, Gábor - Institut für Weltwirtschaft (IfW) - 2014
association of reduction of income inequality (redistribution) with subjective wellbeing. Their results provide evidence that … people in Europe are negatively affected by income inequality, whereas reduction of inequality has a positive effect on well …-being. Since the authors simultaneously estimate the effects of income inequality and its reduction, their results indicate that …
Persistent link: https://www.econbiz.de/10010983176