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drugs, why is it that the nexus between money and art remains perhaps the last taboo subject for many in the art world? The … money. This Renaissance ideal persisted into the modern era, even though the growth of a competitive market for fine art in … decisively broke with the Renaissance tradition: Andy Warhol not only painted images of paper money, but also freely expressed …
Persistent link: https://www.econbiz.de/10012465273
We examine how wealth shocks, in the form of inheritances, affect the mortality rates, health status and health behaviors of older adults, using data from eight waves of the Health and Retirement Survey (HRS). Our main finding is that bequests do not have substantial effects on health, although...
Persistent link: https://www.econbiz.de/10012463286
behaviors become healthier when the economy weakens, possibly by increasing the non-market time available for lifestyle …
Persistent link: https://www.econbiz.de/10012469235
Since the late 1970s, the number of obese adults in the United States has grown by over 50 percent. This paper examines the factors that may be responsible for this rapidly increasing prevalence rate. To study the determinants of adult obesity and related outcomes, we employ micro-level data...
Persistent link: https://www.econbiz.de/10012469462
This paper provides a theoretical and empirical examination of the long-run growth in weight over time. We argue that technological change has induced weight growth by making home- and market-production more sedentary and by lowering food prices through agricultural innovation. We analyze how...
Persistent link: https://www.econbiz.de/10012469768
Does a person's historical lineage influence his or her current economic status? Motivated by a large literature in social sciences stressing the effect of an early transition to agriculture on current economic performance at the level of countries, we examine the relative contemporary status of...
Persistent link: https://www.econbiz.de/10012456765
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Persistent link: https://www.econbiz.de/10000608739
It is difficult for private agents to produce money that circulates at par with no questions asked. We study two cases … of privately-produced money: pre-Civil War U.S. private banknotes and modern stablecoins. Private monies are introduced … more money-like, but they do not always achieve a positive convenience yield. Technology advances and reputation formation …
Persistent link: https://www.econbiz.de/10012814485
annual wholesale price indexes for the period 1948-76. The data on money shocks are the unanticipated money growth series … results are negative. They reject the hypothesis that unexpected money shocks, as measured by Barro, affect price dispersion …
Persistent link: https://www.econbiz.de/10012478712