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Life satisfaction and relative income : perceptions and evidence

Mayraz, Guy; Wagner, Gert G.; Schupp, Jürgen - 2009

Using a unique dataset we study both the actual and self-perceived relationship between subjective well-being and income comparisons against a wide range of potential comparison groups, enabling us to investigate a broader range of questions than in previous studies. In questions inserted into a...

Persistent link: https://www.econbiz.de/10003895798

Capabilities and skills

Heckman, James J.; Corbin, Chase O. - 2016

This paper discusses the relevance of recent research on the economics of human development to the work of the Human … Development and Capability Association. The recent economics of human development brings insights about the dynamics of skill … opportunities and hence promote capabilities. We address measurement problems common to both the economics of human development and …

Persistent link: https://www.econbiz.de/10011494022

Pricing neighborhoods

Eshaghnia, Sadegh; Heckman, James J.; Razavi, Goya - 2023

Education in Denmark is freely available. Despite near equal teacher salaries and per-pupil school expenditure across districts, there is substantial spatial heterogeneity in school quality as measured by teacher quality and student test scores. We argue that this is due to sorting of teachers...

Persistent link: https://www.econbiz.de/10014290524

The impact of home production on economic inequality in Germany

Frick, Joachim R.; Grabka, Markus M.; Groh-Samberg, Olaf - 2009

Using representative income and time use-data from the German Socio-Economic Panel (SOEP), we estimate non-monetary income advantages arising from home production and analyse their impact on economic inequality. As an alternative to existing measures, we propose a predicted wage approach based...

Persistent link: https://www.econbiz.de/10003814233

Accounting for imputed and capital income flows in income inequality analyses

Frick, Joachim R.; Grabka, Markus M. - 2009

alternative private investments, our results indicate that they do not coincide in their impacts on income inequality and poverty … inequality and relative poverty, very much driven by the increasing share of outright ownership among the elderly. On the other … consideration of all components of private investment income for the purpose of welfare analysis, be they of a monetary or non …

Persistent link: https://www.econbiz.de/10003926726

Wealth distribution within couples

Grabka, Markus M.; Marcus, Jan; Sierminska, Eva - 2013

While most studies on wealth inequality focus on the inequality between households, this paper examines the distribution of wealth within couples. For this purpose, we make use of unique individual level micro data from the German Socio-Economic Panel Study (SOEP). In married and cohabiting...

Persistent link: https://www.econbiz.de/10010195489

The race between demand and supply : Tinbergen's pioneering studies of earnings inequality

Heckman, James J. - 2018

Understanding inequality and devising policies to alleviate it was a central focus of Jan Tinbergen's lifetime research. He was far ahead of his time in many aspects of his work. This essay places his work in the perspective of research on inequality in his time and now, focusing on his studies...

Persistent link: https://www.econbiz.de/10011959398

The economics and psychology of personality traits

Borghans, Lex; Duckworth, Angela Lee; Heckman, James J.; … - 2008

This paper explores the interface between personality psychology and economics. We examine the predictive power of personality and the stability of personality traits over the life cycle. We develop simple analytical frameworks for interpreting the evidence in personality psychology and suggest...

Persistent link: https://www.econbiz.de/10003652709

Policies to create and destroy human capital in Europe

Heckman, James J.; Jacobs, Bas - 2009

the population. Reinvention of human capital policies is required to avoid increasing welfare state dependency among the …. There is no trade-off between equity and efficiency at early ages of human development but there is a substantial trade … ; welfare state …

Persistent link: https://www.econbiz.de/10003932493

Integrating personality psychology into economics

Heckman, James J. - 2011

This paper reviews the problems and potential benefits of integrating personality psychology into economics. Economists have much to learn from and contribute to personality psychology. -- personality psychology ; behavioral economics ; identification ; causality

Persistent link: https://www.econbiz.de/10009380422