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unwound. Juxtaposing these changes with large rises in income inequality suggests an important role for non-pecuniary factors …-2006. While there has been no increase in aggregate happiness, inequality in happiness has fallen substantially since the 1970s … eroded, and the gender happiness gap has disappeared entirely. Paralleling changes in the income distribution, differences in …
Persistent link: https://www.econbiz.de/10005136431
This paper develops the theoretical foundations and the testable implications of the various mechanisms that have been proposed as possible triggers for the demographic transition. Moreover, it examines the empirical validity of each of the theories and their significance for the understanding...
Persistent link: https://www.econbiz.de/10008854471
Building on evidence from neurobiology and neuroscience, we model the physiological limitations faced by individuals in the process of decision-making that starts with sensory perception and ends in action selection. The brain sets a neuronal threshold, observes whether the neuronal cell firing...
Persistent link: https://www.econbiz.de/10005656356
This paper proposes a rule to determine the winner of a soccer match which is different from the traditional penalty shoot-outs at the end of extra time. We show that games can be more attractive if penalties are shot before extra time and the outcome counts only if the tie is preserved during...
Persistent link: https://www.econbiz.de/10005662167
We model the brain as a multi-agent organization. Based on recent neuroscience evidence, we assume that different systems of the brain have different time-horizons and different access to information. Introducing asymmetric information as a restriction on optimal choices generates endogenous...
Persistent link: https://www.econbiz.de/10005662301
percent increase in the gender wage gap leads to a decrease in income per capita of a quarter of the original output. We then … capita between the U.S. and the different economies is due to gender inequality. For countries such as Ireland and Saudi …
Persistent link: https://www.econbiz.de/10005504328
This paper derives the conditions under which fitness-reducing alleles can survive in a long-run stationary equilibrium for a trading population, extending the results in Saint-Paul (2002) for arbitrary systems of sexual reproduction.
Persistent link: https://www.econbiz.de/10005504704
Using the first two waves of the Household, Income and Labour Dynamics in Australia (HILDA) survey, this paper explores …
Persistent link: https://www.econbiz.de/10004968003
We use unique retrospective family background data from the 2003 wave of the British Household Panel Survey to explore the degree to which family size and birth order affect a child’s subsequent educational attainment. Theory suggests a trade off between child quantity and ‘quality’....
Persistent link: https://www.econbiz.de/10004971327
variation in households’ total net worth. Our results indicate that after accounting for differences in human capital and income …
Persistent link: https://www.econbiz.de/10004971429