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There is much evidence that relative income concern reduces subjective wellbeing and raises labour supply - "keeping up with the Joneses" (KUJ), while increasing use of social media and growing inequality encourage comparison. Models with one or two agent-types generally miss the policy relevant...
Persistent link: https://www.econbiz.de/10012034986
of redistribution: a universal basic income, and a categorical unemployment benefit. Well-being depends on own … labour supply incurs positive marginal disutility, we allow negative welfare effects of unemployment. We also compare … income ; redistribution ; basic income ; unemployment benefits ; happiness ; well-being …
Persistent link: https://www.econbiz.de/10009153609
reducing utility and the benefits of leisure. This is contradicted by many empirical studies showing that unemployment is a … chosen to maximise profit. Including taxation to fund unemployment benefits and public goods, we show that switching from …-satisfaction; bargaining ; unemployment …
Persistent link: https://www.econbiz.de/10003115146