Showing 1 - 10 of 94
deviations from the common trend among consumption, aggregate wealth, and labour income, cay, and focus on the implications for …
Persistent link: https://www.econbiz.de/10013092228
In the simple Allingham-Sandmo portfolio model of tax evasion an expected utility maximizer will cheat more than what is estimated in empirical studies. Two main types of explanation have been suggested as solutions to this puzzle: (1) Tax payers act according to some non-expected utility...
Persistent link: https://www.econbiz.de/10013136684
This paper investigates the influence of the political regime on the relative importance of conspicuous consumption. We use the separation of Germany into the communist GDR and the democratic FRG and its reunification in 1990 as a natural experiment. Relying on household data that are...
Persistent link: https://www.econbiz.de/10013100938
neutral with respect to longevity risk. Higher income households are more likely to be risk averse. We do not find evidence …
Persistent link: https://www.econbiz.de/10013082967
This paper shows that households with positional concerns and convex status utility use gambling to attempt leapfrogging in the social hierarchy. We test this theoretical prediction relying on household data that is representative for Germany, proxying the status orientation of households by...
Persistent link: https://www.econbiz.de/10013083874
Evaluating a new survey dataset of German consumers, we test whether individual consumption plans are formed according to an Euler equation derived from consumption life-cycle models. Estimating several consumption Euler equations, the results are mostly in line with the theory: We find evidence...
Persistent link: https://www.econbiz.de/10012964377
We investigate the prevalence of factors associated with participation in the sex market among men resident in Britain using data from Britain's National Survey of Sexual Attitudes and Lifestyles (Natsal-2, 199-2001,Natsal-3, 2010-2012). The percentage of men asking for paid sex is about 12 per...
Persistent link: https://www.econbiz.de/10012927099
main findings are that: (1) Leisure and household income are the most important variables in the utility function of the …
Persistent link: https://www.econbiz.de/10012774044
incentives for underreporting should be especially strong in an economy with generally high taxes. This paper uses recent income … and expenditure data to examine the extent of underreporting of income among self-employed individuals in Sweden. A key …,quot; for a given level of observed income. Our results confirm the underreporting hypothesis. In particular, we estimate that …
Persistent link: https://www.econbiz.de/10012778442
We present an experiment to investigate the source of disappointment aversion in a sequential real-effort competition. Specifically, we study the contribution of social comparison effects to the disappointment aversion previously identified in a two-person real-effort competition (Gill and...
Persistent link: https://www.econbiz.de/10012953949