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Pure rank preferences and variation in risk-taking behavior
Stark, Oded; Budziński, Wiktor; Jakubek, Marcin - 2019
incorporating (the level of) absolute wealth in the individual's utility function. …
Persistent link: https://www.econbiz.de/10012119128
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Does relative income matter for the very poor? : evidence from rural ethiopia
Akay, Alpaslan (contributor); Martinsson, Peter (contributor) - 2008
We studied whether relative income has an impact on subjective well-being among extremely poor people. Contrary to the findings in developed countries, where relative income has shown a significant and negative impact on subjective well-being, we cannot reject the hypothesis that relative income...
Persistent link: https://www.econbiz.de/10003771936
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Public goods, transferable utility and divorce laws
Chiappori, Pierre-André (contributor);  … - 2007
, utility must be transferable both within marriage and upon divorce, and the marginal rate of substitution between public and …
Persistent link: https://www.econbiz.de/10003460691
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Mums and their sons, dads and their daughters : panel data evidence of interdependent marginal utilities across 14 EU countries
Molina, José Alberto (contributor);  … - 2007
We study how fathers and mothers income satisfaction correlates with the income satisfaction of their sons and daughters, as well as with other economic and socio-demographic variables. We estimate these correlations using data on parents and children in households surveyed in the eight waves of...
Persistent link: https://www.econbiz.de/10003579987
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Individual well-being in a dynamic perspective
D'Ambrosio, Conchita (contributor);  … - 2007
This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with income. Making full use of the panel data nature of the German Socio-Economic Panel, we provide empirical evidence for well-being depending on absolute and on relative levels of...
Persistent link: https://www.econbiz.de/10003532960
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Economic choices and status : measuring preferences for income rank
Mujcic, Redzo; Frijters, Paul - 2010
income of $14,000 (e.g. Mexico) to a society with a mean income of $46,000 (e.g. the USA). -- relative utility ; status …
Persistent link: https://www.econbiz.de/10009007029
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Relative concerns of rural-to-urban migrants in China
Akay, Alpaslan; Bargain, Olivier; Zimmermann, Klaus F. - 2011
As their environment changes, migrants constitute an interesting group to study the effect of relative income on subjective well-being. This paper focuses on the huge population of rural-to-urban migrants in China. Using a novel dataset, we find that the well-being of migrants depends on several...
Persistent link: https://www.econbiz.de/10009152812
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Income comparisons and non-cognitive skills
Budría, Santiago; Ferrer-i-Carbonell, Ada - 2012
People gain utility from occupying a higher ranked position in the income distribution of the reference group. This …
Persistent link: https://www.econbiz.de/10009533983
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Household search or individual search: does it matter? : evidence from lifetime inequality estimates
Flabbi, Luca; Mabli, James - 2012
ignoring the household as unit of decision-making has relevant empirical consequences. In estimation, the individual search … 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
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Stochastic choice and consideration sets
Manzini, Paola; Mariotti, Marco - 2012
. -- discrete choice ; random utility ; logit model ; consideration sets ; bounded rationality ; revealed preferences …
Persistent link: https://www.econbiz.de/10009629645