Showing 1 - 10 of 2,252
, 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
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
. -- discrete choice ; random utility ; logit model ; consideration sets ; bounded rationality ; revealed preferences …
Persistent link: https://www.econbiz.de/10009629645
preferences, with a focus on the measurement or control for potentially non-linear utility. While the objective of a time … preference experiment is usually to estimate parameters of a discount function, assumptions concerning the nature of utility may … assume an equivalence between utility under risk and over time, and whether they result in an estimate of the curvature of …
Persistent link: https://www.econbiz.de/10011458093
attain some minimal level of utility. Our argument suggests that when misreporting of income by welfare claimants is … desirable. -- workfare ; welfare ; means-testing ; misreporting ; utility maintenance …
Persistent link: https://www.econbiz.de/10008810706
's common restrictions on the curvature of the decision-makers utility function can dramatically bias the altruism parameter. We … aversion or diminishing marginal utility, i.e., men versus women, giving motivated by pure versus warm glow motives, and …
Persistent link: https://www.econbiz.de/10011893881
-based utility in the context of video-game engagement. Using data on 2.8 million matches from League of Legends, we find evidence … surprise, and flow theory from psychology. We then leverage our estimated model and an evolutionary algorithm to find the …
Persistent link: https://www.econbiz.de/10014502890
We analyze the role of risk-sharing institutions in transitions to modern economies. Transitions requires individual-level risk-taking in pursuing productivity-enhancing activities including using and developing new knowledge. Individual-level, idiosyncratic risk implies that distinct...
Persistent link: https://www.econbiz.de/10009235154
This paper provides a critique of the "unemployment invariance hypothesis", according to which the behavior of the labor market ensures that the long-run unemployment rate is independent of the size of the capital stock, productivity, and the labor force. Using Solow growth and endogenous growth...
Persistent link: https://www.econbiz.de/10011412072
This paper presents a non-Malthusian theory of long-term development We model the interplay between the process of …
Persistent link: https://www.econbiz.de/10011413569