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Although lower income is associated with overweight (and obesity), such an association is explained by a number of … other confounding effects such as omitted variables (e.g., time preferences) explaining that income effect on overweight. We … study the effect of unearned income shocks resulting from a lottery win (windfall income) on both overweight (alongside …
Persistent link: https://www.econbiz.de/10012383690
attitudes. Along with the subjects’ receptiveness to right-wing populism, we elicit their perceived relative income positions in … a representative survey of German households. We find that people with pessimistic beliefs about their income position … differences in the mechanism: Misperception triggers income dissatisfaction for both men and women, but the former are much more …
Persistent link: https://www.econbiz.de/10013440316
and age distribution across countries in a fundamental way. In this paper we focus on the income consequences of these … changes for the global income distribution. Key in this respect are changes in the so-called demographic dividend associated … demographic dividend to income projections. Our findings are as follows. First, show that historically the impact of demography on …
Persistent link: https://www.econbiz.de/10014529194
Persistent link: https://www.econbiz.de/10003623797
In last few decades, Asian production networks have contributed significantly toward the rapid trade expansion and …, the ability of the rest of the world to absorb Asia's exports has decreased. Export production in some Asian countries has … standards. This can be done by leveraging production networks to graduate to higher value-added, knowledge-intensive activities …
Persistent link: https://www.econbiz.de/10009571750
West German manufacturing subset of the IFO Business Climate Survey to infer quarterly production changes at the firm level … and combine them with production expectations over a quarterly horizon in the same survey to construct series of … and at most 34 percent of firms systematically over- or underpredict their one-quarter-ahead upcoming production. In a …
Persistent link: https://www.econbiz.de/10009724017
Persistent link: https://www.econbiz.de/10003662094
Aggregated output in industrialized countries has become less volatile over the past decades. Whether this Great Moderationʺ can be found in firm level data as well remains disputed. We study the evolution of firm level output volatility using a balanced panel dataset on German firms that...
Persistent link: https://www.econbiz.de/10003720335
With fixed costs of price and quantity adjustment, output effects of inflation depend on the elasticity of the firm's marginal real revenue. If the elasticity always exceeds minus unity, then output decreases with inflation, while if the elasticity is always less than minus unity, then output...
Persistent link: https://www.econbiz.de/10003121028
pass-through the cost shock fully on their export prices. Their production, exports and employment fall. A consequence of … only firms able to adapt their production process to energy cost shocks have survived. Importantly, when faced with large …
Persistent link: https://www.econbiz.de/10014310091