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Price Indexes, Inequality, and the Measurement of World Poverty
Deaton, Angus - In: American Economic Review 100 (2010) 1, pp. 5-34
I discuss the measurement of world poverty and inequality, with particular attention to the role of purchasing power parity (PPP) price indexes from the International Comparison Project. Global inequality increased with the latest revision of the ICP, and this reduced the global poverty line...
Persistent link: https://www.econbiz.de/10008622175
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Social Preferences, Beliefs, and the Dynamics of Free Riding in Public Goods Experiments
Fischbacher, Urs; Gachter, Simon - In: American Economic Review 100 (2010) 1, pp. 541-56
One lingering puzzle is why voluntary contributions to public goods decline over time in experimental and real-world settings. We show that the decline of cooperation is driven by individual preferences for imperfect conditional cooperation. Many people's desire to contribute less than others,...
Persistent link: https://www.econbiz.de/10008622188
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Can Marginal Rates of Substitution Be Inferred from Happiness Data? Evidence from Residency Choices
Benjamin, Daniel J.; Heffetz, Ori; Kimball, Miles S.; … - In: American Economic Review 104 (2014) 11, pp. 3498-3528
National Resident Matching Program. We elicit (a) these choice rankings, (b) anticipated subjective well-being (SWB) rankings …
Persistent link: https://www.econbiz.de/10010949133
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Household Bargaining and Excess Fertility: An Experimental Study in Zambia
Ashraf, Nava; Field, Erica; Lee, Jean - In: American Economic Review 104 (2014) 7, pp. 2210-37
. However, women given access to contraception alone report a lower subjective well-being, suggesting a psycho-social cost of …
Persistent link: https://www.econbiz.de/10010788947
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Changes in the Consumption, Income, and Well-Being of Single Mother Headed Families
Meyer, Bruce D.; Sullivan, James X. - In: American Economic Review 98 (2008) 5, pp. 2221-41
We investigate well-being changes for single mother headed families targeted by recent tax and welfare reforms …. Measured income changes sharply differ from consumption changes. We examine disaggregated consumption, time use, and health … insurance coverage. Increases in housing and transportation spending mostly account for the rise in consumption in the bottom …
Persistent link: https://www.econbiz.de/10005571304
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Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference
Benjamin, Daniel J.; Heffetz, Ori; Kimball, Miles S.; … - In: American Economic Review 104 (2014) 9, pp. 2698-2735
This paper proposes foundations and a methodology for survey-based tracking of well-being. First, we develop a theory … in which utility depends on "fundamental aspects" of well-being, measurable with surveys. Second, drawing from … method for estimating the aspects' relative marginal utilities—a necessary input for constructing an individual-level well-being …
Persistent link: https://www.econbiz.de/10010891234
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Isolated Capital Cities, Accountability, and Corruption: Evidence from US States
Campante, Filipe R.; Do, Quoc-Anh - In: American Economic Review 104 (2014) 8, pp. 2456-81
We show that isolated capital cities are robustly associated with greater levels of corruption across US states, in line with the view that this isolation reduces accountability. We then provide direct evidence that the spatial distribution of population relative to the capital affects different...
Persistent link: https://www.econbiz.de/10010884821
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Mandatory versus Discretionary Spending: The Status Quo Effect
Bowen, T. Renee; Chen, Ying; H?lya Eraslan - In: American Economic Review 104 (2014) 10, pp. 2941-74
Do mandatory spending programs such as Medicare improve efficiency? We analyze a model with two parties allocating a fixed budget to a public good and private transfers each period over an infinite horizon. We compare two institutions that differ in whether public good spending is discretionary...
Persistent link: https://www.econbiz.de/10010949122
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Imperfect Public Monitoring with Costly Punishment: An Experimental Study
Ambrus, Attila; Greiner, Ben - In: American Economic Review 102 (2012) 7, pp. 3317-32
This paper experimentally investigates the effects of a costly punishment option on cooperation and social welfare in long, finitely repeated public good contribution games. In a perfect monitoring environment, increasing the severity of the potential punishment monotonically increases average...
Persistent link: https://www.econbiz.de/10010815504
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Strategic Interaction and Networks
Yann Bramoull?; Kranton, Rachel; D'Amours, Martin - In: American Economic Review 104 (2014) 3, pp. 898-930
Geography and social links shape economic interactions. In industries, schools, and markets, the entire network determines outcomes. This paper analyzes a large class of games and obtains a striking result. Equilibria depend on a single network measure: the lowest eigenvalue. This paper is the...
Persistent link: https://www.econbiz.de/10010815665