Showing 1 - 10 of 204
We analyze Engel curves for nuclear households in rural China. The sample includes more than 5000 nuclear families covering nineteen out of thirty Chinese provinces. We consider expenditures on food, also subdivided into several food subcategories such as cereals, or meat and fish, and other...
Persistent link: https://www.econbiz.de/10011339086
Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple, incentivized setup many subjects do not treat money as...
Persistent link: https://www.econbiz.de/10003716538
Credence goods markets with their asymmetric information between buyers and sellers are prone to large inefficiencies. In theory, poorly informed consumers can protect themselves from maltreatment through sellers by asking for second opinions from other sellers. Yet, empirical evidence whether...
Persistent link: https://www.econbiz.de/10012236955
This paper analyses the effect of extending equitable property division divorce laws to unmarried cohabiting couples in … relationshipspecific investments after being exposed to laws enabling the equitable redistribution of property in the event of relationship … have more children and are more likely to become home owners. These results demonstrate the causal effect of property …
Persistent link: https://www.econbiz.de/10011974407
-wing preferences and attitudes towards immigration. Using longitudinal data from Germany, our intergenerational estimates suggest that …
Persistent link: https://www.econbiz.de/10011346633
Happiness is strongly associated with goal attainment, productivity, mental health and suicidal risk. This paper examines the effect of satisfaction with areas of life on subjective well-being (SWB), the importance of relative perceptions compared to absolute measures in predicting overall life...
Persistent link: https://www.econbiz.de/10012508051
While land reforms are typically pursued in order to raise productivity and reduce inequality across households, an unintended consequence may be increased within-household gender inequality. We analyse a tenancy registration programme in West Bengal, and find that it increased child survival...
Persistent link: https://www.econbiz.de/10011475191
We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference (CARP), which provides...
Persistent link: https://www.econbiz.de/10003771615
It is unlikely that husbands and wives always agree on exactly what public goods to buy. Nor do they necessarily agree on how many hours to work with obvious consequences for the household budget. We therefore model consumption and labor supply behavior of a couple in a non-cooperative setting...
Persistent link: https://www.econbiz.de/10003872703
This high-stakes experiment investigates the effect on buyers of mandatory disclosures concerning an insurance policy's value for money (the claims ratio) and the seller's commission. These information disclosures have virtually no effect despite most buyers claiming to value such information....
Persistent link: https://www.econbiz.de/10008688915