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Impatience and Uncertainty : Experimental Decisions Predict Adolescents' Field Behavior

Sutter, Matthias - 2011

impatience are found to be significant predictors of health-related field behavior, saving decisions and conduct at school. In …

Persistent link: https://www.econbiz.de/10013118350

Diverse Risk Preferences and Heterogeneous Expectations in an Asset Pricing Model

Gomez, Thomas - 2020

We propose a heuristic switching model of an asset market where the agents' choice of heuristic is consistent with their individual risk aversion. They choose between a fundamentalist and a trend-following rule to form expectations about the price of a risky asset. Given their risk aversion,...

Persistent link: https://www.econbiz.de/10012844420

Intergenerational Risk Sharing, Pensions and Endogenous Labor Supply in General Equilibrium

Beetsma, Roel M. W. J.; Romp, Ward E.; Vos, Siert J. - 2021

In the context of a two-tier pension system, with a pay-as-you-go first tier and a fully funded second tier, we demonstrate that a system with a defined wage-indexed second tier performs strictly better than one with a defined contribution or defined real benefit second tier. The former...

Persistent link: https://www.econbiz.de/10013316618

Endogenous Risk Attitudes

Netzer, Nick; Robson, Arthur J.; Steiner, Jakub; … - 2022

perception frictions. The model explains adaptive risk attitudes and probability weighting as in prospect theory and …

Persistent link: https://www.econbiz.de/10013306853

Eliciting Preferences for Risk and Altruism : Experimental Evidence

Gauriot, Romain; Heger, Stephanie; Slonim, Robert - 2022

jointly elicit risk preferences and preferences for altruism. Consistent with theory, we find that the standard simplifying …

Persistent link: https://www.econbiz.de/10014243683

Child Health, Parental Well-Being, and the Social Safety Net

Adhvaryu, Achyuta; Daysal, N. Meltem; Gunnsteinsson, … - 2023

How do parents contend with threats to the health and survival of their children? Can the social safety net mitigate …’ preferences to personally provide care for their children during the critical years following a severe health shock drive changes … in labor supply and income. Mental health and fertility effects are also observed but are likely not mediators for …

Persistent link: https://www.econbiz.de/10014356602

The life satisfaction approach to environmental valuation

Frey, Bruno S.; Luechinger, Simon; Stutzer, Alois - 2009

In many countries environmental policies and regulations are implemented to improve environmental quality and thus individuals’ well-being. However, how do individuals value the environment? In this paper, we review the Life Satisfaction Approach (LSA) representing a new non-market valuation...

Persistent link: https://www.econbiz.de/10010273798

Quality of Life in a Dynamic Spatial Model

Ahlfeldt, Gabriel M.; Bald, Fabian; Roth, Duncan; … - 2021

We develop a dynamic spatial model in which heterogeneous workers are imperfectly mobile and forward-looking and yet all structural fundamentals can be inverted without assuming that the economy is in a stationary spatial equilibrium. Exploiting this novel feature of the model, we show that the...

Persistent link: https://www.econbiz.de/10013314774

The Social Cost of Carbon and the Ramsey Rule

Withagen, Cees - 2019

The objective of this paper is to critically assess the use of simple rules for the social cost of carbon (SCC) that employ a rudimentary form of the Ramsey Rule. Two interrelated caveats apply. First, if climate change poses a serious problem, it is hard to justify an exogenous constant growth...

Persistent link: https://www.econbiz.de/10012892228

Urban Specialisation; from Sectoral to Functional

Gervais, Antoine; Markusen, James R.; Venables, Anthony J. - 2021

combines elements of the literatures on economic geography, multinational firms, urban economics, and trade theory. A two …

Persistent link: https://www.econbiz.de/10013250045

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