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Cawley, John H.; Ruhm, Christopher J. - 2011

emphasizing utility maximization that, under certain assumptions, result in Pareto-optimal outcomes and a limited role for policy …

Persistent link: https://www.econbiz.de/10009307506

Household search or individual search: does it matter? : evidence from lifetime inequality estimates

Flabbi, Luca; Mabli, James - 2012

individual search specification implies gender differentials in lifetime utility inequality 74% larger. The results of our policy … experiments emphasize the importance of looking at lifetime utility inequality measures as opposed to simply cross-sectional wage …

Persistent link: https://www.econbiz.de/10009629634

Where the streets have a name : income comparisons in the US

Brodeur, Abel; Fleche, Sarah - 2013

neighbors. -- income comparisons ; rank ; relative utility ; social interactions ; social status ; well-being …

Persistent link: https://www.econbiz.de/10009719627

Partial identification of willingness-to-pay using shape restrictions with an application to the value of a statistical life

Sojourner, Aaron J. - 2010

hedonic methods. Usually strong enough assumptions are made on the functional form of utility to point identify individuals … partial identification without relying on functional form restrictions for utility. Identification given general, potentially … restrictions imposed on utility rather than by the data or properties of equilibrium. -- hedonic ; partial identification ; value …

Persistent link: https://www.econbiz.de/10008688857

Unobserved ability and the return to schooling

Belzil, Christian; Hansen, Jörgen - 2002

utility of attending school and the wage regression function are estimated flexibly. The null hypothesis that the local …

Persistent link: https://www.econbiz.de/10011411639

A structural analysis of the correlated random coefficient wage regression model

Belzil, Christian; Hansen, Jörgen - 2002

-population mostly affected by a counterfactual change in the utility of attending school is composed of individuals who have any … combination of some of the following attributes: absolute advantages in the labor market, high returns to experience, low utility …

Persistent link: https://www.econbiz.de/10011411668

Earnings dispersion, risk aversion and eduation

Belzil, Christian; Hansen, Jörgen - 2002

We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...

Persistent link: https://www.econbiz.de/10011411833

How successful have trade unions been? : a utility-based indicator of union well-being

Pencavel, John H. (contributor) - 2008

Can conventional economic analysis help in defining and measuring the success of labor unions? In this paper, a general indicator of union welfare is proposed and particular expressions for the wage and employment objectives of unions are rearranged to derive measures of union success or...

Persistent link: https://www.econbiz.de/10003750310

Stability of time preferences

Meier, Stephan; Sprenger, Charles D. - 2010

Individuals frequently face intertemporal decisions. For the purposes of economic analysis, the preference parameters assumed to govern these decisions are generally considered to be stable economic primitives. However, evidence on the stability of time preferences is notably lacking. In a large...

Persistent link: https://www.econbiz.de/10003940301

The effect of job flexibility on female labor market outcomes : estimates from a search and bargaining model

Flabbi, Luca; Moro, Andrea - 2010

This paper develops and estimates a search model of the labor market where jobs are characterized by wages and work-hours flexibility. Flexibility is valued by workers, and is costly to provide for employers. The model generates observed wage distributions directly related to the preference for...

Persistent link: https://www.econbiz.de/10003944288