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This paper analyzes the intertemporal efficiency and optimality of steady states within overlapping-generations models in which the utility of individual working couples , depends on the consumption of their parents and children as well as their own consumption. The analysis considers both a...
Persistent link: https://www.econbiz.de/10012478423
This paper investigates the evolution of socio-emotional skills over the life cycle and across generations. We start by characterising the evolution of these skills in the first part of the life cycle. We then examine whether parents' socio-emotional skills in early childhood rather than in...
Persistent link: https://www.econbiz.de/10012481126
Is over-optimism about a country's future growth perspective good for an economy, or does over-optimism also come with costs? In this paper we document that recessions, fiscal problems, as well as Balance of Payment-difficulties are more likely to arise in countries where past growth...
Persistent link: https://www.econbiz.de/10012453035
We examine whether sentiment influences aggregate demand by studying the relationship between the Michigan Survey expectations concerning national output growth and future economic activity at the state level. We instrument for local sentiments with political outcomes, positing that agents in...
Persistent link: https://www.econbiz.de/10012453815
I consider the effect of empathy towards others on the internalization of interpersonal externalities and on private … level of empathy shown by any agent will lead to an increase in the level of provision of the public good, and that as … empathy levels increase towards their upper bound, the level of provision of the public good converges to the efficient level …
Persistent link: https://www.econbiz.de/10012629475
other condition. When empathy was heightened by putting allocators "in the receivers shoes," altruism appeared as if … behavior, and appears to largely work by heightening empathy …
Persistent link: https://www.econbiz.de/10012462283
a persuasive effort often exist. Salespeople vary in their empathy, and choose their jobs accordingly. When all … prospects are persuadable, a negative correlation between empathy and sales suggests that persuasion increases the cost of not … negative correlation between empathy and sales …
Persistent link: https://www.econbiz.de/10012462677
Family violence is a pervasive and costly problem, yet there is no consensus on how to interpret the phenomenon of violence by one family member against another. Some analysts assume that violence has an instrumental role in intra-family incentives. Others argue that violent episodes represent a...
Persistent link: https://www.econbiz.de/10012463152
We propose a model where voters experience an emotional cost when they observe a firm that has displayed insufficient concern for other people's welfare (altruism) in the process of making high profits. Even with few truly altruistic firms, an equilibrium may emerge where all firms pretend to be...
Persistent link: https://www.econbiz.de/10012463448
Psychologists study regret primarily by measuring subjects' attitudes in laboratory experiments. This does not shed light on how expected regret affects economic actions in market settings. To address this, we use proprietary data from a blackjack table in Las Vegas to analyze how expected...
Persistent link: https://www.econbiz.de/10012463694