Showing 1 - 10 of 41
We analyze a society that cares about inequality of opportunity. We propose adynamic setting in which effort is a decision variable that individuals adopt as asolution of an explicit utility maximization program. Effort determines themonetary outcome and it depends on the individual¿s...
Persistent link: https://www.econbiz.de/10004992784
The recent recession has generated a tremendous increase in unemployment rates in Spain. In this paper we use a very rich repeated cross-section dataset on workers’ job conditions, together with regional unemployment rates, to investigate whether peers’ unemployment affects individuals’...
Persistent link: https://www.econbiz.de/10010958977
Though numerous surveys where people quantify their happiness or satisfaction are available, economic research has not analysed the association between these variables and their socioeconomic characteristics until recent years. By using the 1995 world values survey for Spain, this article aims...
Persistent link: https://www.econbiz.de/10005731190
This paper examines the relationships between socioeconomic conditions and happiness or satisfaction of individuals in 15 countries. In agreement with earlier studies, age, health and marital status are strongly associated with happiness and satisfaction. In seeming contrast with other studies,...
Persistent link: https://www.econbiz.de/10005515826
The Quality Life Potential, QLP is a new well-being measure. The QLP combines income above social poverty line with life expectancy at any age according to the quality life function. The objective of this research is to show the feasibility and relevance of QLP estimation with available...
Persistent link: https://www.econbiz.de/10005515847
We study the incentive problem between the owners of a firm and its CEO's due to the unobservability of the manager's actions. Our model departs from the literature in two ways. First, we acknowledge that, in contrast with standard repeated moral hazard models, actions taken by CEO's have a...
Persistent link: https://www.econbiz.de/10005212516
This paper studies the business cycle dynamics of the income and wealth distributions in the context of the neoclassical growth model where agents are heterogeneous in initial wealth and non-acquired skills. Our economy admits a representative consumer which enables us to characterize the...
Persistent link: https://www.econbiz.de/10005212557
We show under lognormality that, when the Gini coefficient is stable over time, defining the poverty line as a fraction of a central tendency of the living standard distribution restricts the evolution of the poverty measures to be stable. That is, poverty does not change if the Gini coefficient...
Persistent link: https://www.econbiz.de/10005812854
We derive a parametric formula of the Watts' poverty index for the bivariate lognormal distribution of price indices and nominal living standards. This enables us to analyze the contributions of price and nominal living standard distributions to poverty, to estimate poverty when only means and...
Persistent link: https://www.econbiz.de/10005731263
It is not known to what extent welfare measures result from seasonal and geographical price differences rather than from differences in living standards across households. Using data from Rwanda in 1983, we show that the change in mean living standard indicators caused by local and seasonal...
Persistent link: https://www.econbiz.de/10005731284