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We use experiments to test comparative statics predictions of canonical tournament theory. Both the roles of principal … tournament design. Consistent with theory, we observed an incentive effect from raising the winner's prize. However, we also … observed several empirical puzzles that appeared to contradict theory. Controlling for social preferences did not resolve the …
Persistent link: https://www.econbiz.de/10009646321
Contract law and the economics of contract have, for the most part, developed independently of each other. In this essay, we briefly review the notion of a contract from the perspective of lawyer, and then use this framework to organize the economics literature on contract. The title, Contracts...
Persistent link: https://www.econbiz.de/10008765228
contract theory and are more in line with empirical findings than standard results. We find: First, inequity aversion alters …
Persistent link: https://www.econbiz.de/10005566722
. Yet there is no gap in average disposable income between the two ethnic groups and poverty rates are very similar. This … paradox is due to members of Hui households earning more income outside the farm than members of Han households. Particularly … young male Hui living in poor villages have a remarkably high likelihood of migrating, thereby bringing home income to their …
Persistent link: https://www.econbiz.de/10010884335
is entirely driven by an increase in mortality among low income individuals, who are more likely to experience liquidity …
Persistent link: https://www.econbiz.de/10010886134
This paper discusses data used in publishing statistics on earnings, the distribution of household income and poverty …. This has had consequences for providing official data on wages, income and poverty which we discuss along with other … earnings, household income and poverty, and we present seven of these in the paper. …
Persistent link: https://www.econbiz.de/10010959759
We discuss and compare five measures of individual well-being, namely income, an objective composite well-being index …, a measure of subjective well-being, equivalent income, and a well-being measure based on the von Neumann …
Persistent link: https://www.econbiz.de/10010959826
particular interest to economists, namely income and wealth and (b) to discuss issues in relation to their use, in particular … with respect to missing data. We describe how the income and wealth data were collected. We assess the quality of the … income data by comparing them to those obtained through the European Union Statistics on Income and Living Conditions (EU …
Persistent link: https://www.econbiz.de/10010960113
rates and school performance, health, labor supply, and lifetime income. Males and high ability children gain significantly …
Persistent link: https://www.econbiz.de/10010960125
-country panel dataset containing detailed information on the distribution of income and expenditures. When the size of the middle … class increases (measured as the proportion of people with income above 10 US Dollars a day in PPP terms), social policy on …
Persistent link: https://www.econbiz.de/10011279274