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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
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
Die ökonomische Beurteilung von Vorgängen auf dem Arbeitsmarkt erfordert eine solide und aussagekräftige Datengrundlage. Eine Kerngröße zu deren Verständnis bilden Stundenlöhne. Stundenlöhne erklären beispielsweise, ob und in welchem Umfang Menschen arbeiten und konsumieren, warum und...
Persistent link: https://www.econbiz.de/10008615420
Die Ich-AG (Existenzgründungszuschuss) war eines der zentralen Instrumente, das im Rahmen der "Hartz-Reformen" in den arbeitsmarktpolitischen Kanon aufgenommen wurde. Zusammen mit dem bereits seit langem bekannten Überbrückungsgeld wurden damit zwischen 2003 und 2006 mehr als eine Million...
Persistent link: https://www.econbiz.de/10005566692
We estimate the impact of workforce diversity on productivity, wages and productivity-wage gaps (i.e. profits) using … econometric issues, show that educational (age) diversity is beneficial (harmful) for firm productivity and wages. The …
Persistent link: https://www.econbiz.de/10010990939
lower wages for women, relatively higher productivity for part-timers). Interactions between gender and part-time suggest … between wage/productivity differentials and the firm's labor composition in terms of part-time and sex. Findings suggest that … reducing working hours and the types of part-time jobs available to them: women often have to accommodate domestic constraints …
Persistent link: https://www.econbiz.de/10010990941
Earnings inequality and earnings determination in urban China 2002 and Russia 2003 are compared using samples covering large parts of the two countries. The results from estimated earnings functions are put in perspective of the outcome from a similar comparison made at the end of the 1980s. We...
Persistent link: https://www.econbiz.de/10010884151
The purpose of this study is to estimate whether sexual activity is associated with wages, and also to estimate … potential interactions between individuals' characteristics, wages and sexual activity. The central hypothesis behind this …'s set of productive traits that affect wages. Using two stage estimations we examine the relationship between adult sexual …
Persistent link: https://www.econbiz.de/10010884311
part of the workers in the sector, the unions are worried about low wages and poor working conditions in the sector. This … workers received between 16 and 18 percent lower wages in 2008. This development appears partly to be explained by a lower …
Persistent link: https://www.econbiz.de/10010884316
impact that the enactment of various types of E-verify mandates may have on the employment and wages of these two populations … likelihood of native workers. Impacts on wages are positive for likely unauthorized women suggesting a large labor supply … reduction. For native-born workers, hourly wages also increase and provide some evidence of substitutability of unauthorized …
Persistent link: https://www.econbiz.de/10010884349