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This paper develops a conceptual framework that can explain why economic development goes along with increases in body weight and obesity rates. We first introduce the concept of novelty consumption, which refers to an increase in food availability due to trade or innovation. Then we study how...
Persistent link: https://www.econbiz.de/10011264784
Neoclassical economic theory rules out systematic errors in consumption choice. According to the basic view, individuals know what they choose. They are able to predict how much utility an activity or a good produces for them now and in the future and they can maximize their utility. This...
Persistent link: https://www.econbiz.de/10005703642
firearm homicide and suicide rates. We find that the buyback led to a drop in the firearm suicide rates of almost 80 per cent …
Persistent link: https://www.econbiz.de/10008602718
Male suicide rates in Russia, Belarus, Ukraine and the Baltic countries increased substantially in the early 1990s and … are now the highest in the world. To what extent is this suicide epidemic explained by the macroeconomic instability … experienced by these countries in that period? Fixed effects regressions across 22 transition economies indicate that male suicide …
Persistent link: https://www.econbiz.de/10005566467
suicide rates. Our results suggest that the passage of a medical marijuana law is associated with an almost 5 percent … reduction in the total suicide rate, an 11 percent reduction in the suicide rate of 20- through 29-year-old males, and a 9 … percent reduction in the suicide rate of 30- through 39-year-old males. Estimates of the relationship between legalization and …
Persistent link: https://www.econbiz.de/10009422065
In a simple conceptual framework, we organize a multitude of phenomena related to the (mis)prediction of utility. Consequences in terms of distorted choices and lower wellbeing emerge if people have to trade-off between alternatives that are characterized by attributes satisfying extrinsic...
Persistent link: https://www.econbiz.de/10010884223
The implementation of Gary Becker's (1965) time allocation model is hampered by the fact that values of the different time uses are usually not observed. In practice, one often assumes that the value of time is uniform across time uses by using market wages. This approach implies a fundamental...
Persistent link: https://www.econbiz.de/10011268327
We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household consumption model. Unlike the effects of distribution factors, it is well known that the level of the sharing rule cannot be uniquely identified without strong assumptions on...
Persistent link: https://www.econbiz.de/10011279275
Poverty measures in developing countries often ignore the distribution of resources within families and the gains from joint consumption. In this paper, we extend the collective model of household consumption to recover mother's, father's and children's shares together with economies of scale,...
Persistent link: https://www.econbiz.de/10009325415
We apply the collective consumption model of Browning, Chiappori and Lewbel (2006) to analyse economic well-being and poverty among the elderly. The model focuses on individual preferences, a consumption technology that captures the economies of scale of living in a couple, and a sharing rule...
Persistent link: https://www.econbiz.de/10005761723