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On human capital formation with exit options : comment and new results
Poutvaara, Panu (contributor) - 2006
Katz and Rapoport (2005) conclude that with linear production technology and the possibility of unilateral migration, region-specific shocks may increase the average level of education. Previously, Poutvaara (2000) derived a corresponding result with Cobb-Douglas technology and migration which...
Persistent link: https://www.econbiz.de/10003300958
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Patient mobility, health care quality and welfare
Brekke, Kurt R.; Levaggi, Rosella; Siciliani, Luigi; … - 2014
Patient mobility is a key issue in the EU who recently passed a new law on patients' right to EU-wide provider choice …. In this paper we use a Hotelling model with two regions that differ in technology to study the impact of patient mobility … on health care quality, health care financing and welfare. We show that without patient mobility quality is too low (high …
Persistent link: https://www.econbiz.de/10010229860
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Homeownership : low household mobility, volatile housing prices, high income dispersion
Ortalo-Magné, François; Rady, Sven - 2002
We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations, we compare the response of this model economy to a...
Persistent link: https://www.econbiz.de/10011514075
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Quality of life in a dynamic spatial model
Ahlfeldt, Gabriel M.; Bald, Fabian; Roth, Duncan; … - 2020
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/10012388100
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The life satisfaction approach to environmental valuation
Frey, Bruno S.; Lüchinger, 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/10003897543
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What can economists learn from happiness research?
Frey, Bruno S.; Stutzer, Alois - 2001
some of the consequences for economic policy and for economic theory. …
Persistent link: https://www.econbiz.de/10011398921
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Health adjusted GDP (HAGDP) measures of the relationship between economic growth, health outcomes and social welfare
Clarke, Matthew; Islam, Sardar M. N. - 2003
they can fail to adequately consider social welfare issues, such as equity and efficiency. Social choice theory allows … growth on social welfare. Social choice theory incorporates the various social concerns that are not adequately captured …
Persistent link: https://www.econbiz.de/10011509333
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Using happiness surveys to value intangibles : the case of airport noise
Praag, Bernard M. S. van; Baarsma, Barbara - 2004
Inhabitants of houses near Amsterdam Airport are complaining of noise nuisance, caused by aircraft traffic. The usual assumption is that the effect of the externality will be perfectly reflected by house price differentials. This is based on the implicit assumption that there is a...
Persistent link: https://www.econbiz.de/10011402503
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Valuing public goods : the life satisfaction approach
Frey, Bruno S.; Lüchinger, Simon; Stutzer, Alois - 2004
This paper discusses a novel approach to elicit people s preferences for public goods, namely the life satisfaction approach. Reported subjective well-being data are used to directly evaluate utility consequences of public goods. The strengths of this approach are compared to traditional...
Persistent link: https://www.econbiz.de/10011402544
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A theory of health investment under competing mortality risks
Chang, Fwu-ranq - 2002
In this paper we present a theory of health investment when there are multiple causes of death. Since there are several …
Persistent link: https://www.econbiz.de/10011409040