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On the Curvature of the Reporting Function from Objective Reality to Subjective Feelings
Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2008
I suggest the idea of a reporting function, r(.), from reality to feelings. The ‘happiness’ literature claims we have demonstrated diminishing marginal utility of income. I show not, and that knowing r(.)’s curvature is crucial. A quasi-experiment on heights is studied.
Persistent link: https://www.econbiz.de/10005703689
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On the Common Claim that Happiness Equations Demonstrate Diminishing Marginal Utility of Income
Oswald, Andrew J. - Institute for the Study of Labor (IZA) - 2005
It is commonly claimed in the recent happiness literature in psychology and economics that we have proved diminishing marginal utility of income. This paper suggests that we have not. It draws a distinction between concavity of the utility function and concavity of the reporting function.
Persistent link: https://www.econbiz.de/10005763588
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Inclusive Growth: What Future for the European Social Model?
Schmid, Günther - Institute for the Study of Labor (IZA) - 2014
This essay starts, after a short introduction on the importance and dimensions of “inclusive growth”, with a brief …
Persistent link: https://www.econbiz.de/10010884390
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Immigration, Growth and Unemployment: Panel VAR Evidence from OECD Countries
Boubtane, Ekrame; Coulibaly, Dramane; Rault, Christophe - Institute for the Study of Labor (IZA) - 2012
This paper examines empirically the interaction between immigration and host country economic conditions. We employ panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows to addresses the endogeneity problem by allowing the...
Persistent link: https://www.econbiz.de/10010885187
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Do Criminal Representatives Hinder or Improve Constituency Outcomes? Evidence from India
Prakash, Nishith; Rockmore, Marc; Uppal, Yogesh - Institute for the Study of Labor (IZA) - 2014
lower GDP growth per year on average. These estimated costs increase for candidates with serious accusations, multiple …
Persistent link: https://www.econbiz.de/10010959551
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Growth and Inequality in Public Good Games
Gächter, Simon; Mengel, Friederike; Tsakas, Elias; … - Institute for the Study of Labor (IZA) - 2014
end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously …
Persistent link: https://www.econbiz.de/10010959700
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Does Development Reduce Migration?
Clemens, Michael A. - Institute for the Study of Labor (IZA) - 2014
The most basic economic theory suggests that rising incomes in developing countries will deter emigration from those countries, an idea that captivates policymakers in international aid and trade diplomacy. A lengthy literature and recent data suggest something quite different: that over the...
Persistent link: https://www.econbiz.de/10010959810
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Do Natural Disasters Stimulate Individual Saving? Evidence from a Natural Experiment in a Highly Developed Country
Berlemann, Michael; Steinhardt, Max; Tutt, Jascha - Institute for the Study of Labor (IZA) - 2015
While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the … microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to …
Persistent link: https://www.econbiz.de/10011273191
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Globalization, Institutions, and the Ethnic Divide: Recent Longitudinal Evidence
Wunnava, Phanindra V.; Mitra, Aniruddha; Prasch, Robert E. - Institute for the Study of Labor (IZA) - 2012
This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social … fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries … the security of property rights has played a critical role in promoting economic growth. Ethnic heterogeneity has been a …
Persistent link: https://www.econbiz.de/10011279247
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Energy Consumption, Economic Growth and CO2 Emissions in Middle East and North African Countries
Arouri, Mohamed El Hedi; Ben Youssef, Adel; M'henni, Hatem - Institute for the Study of Labor (IZA) - 2012
hypothesis. Thus, our findings suggest that not all MENA countries need to sacrifice economic growth to decrease their emission … growth. …
Persistent link: https://www.econbiz.de/10011279316