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'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
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
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
, 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
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
-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
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
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
state utility function--utility with a single argument, consumption plus monetized leisure. The monetized leisure model is … alternative utility function assumptions. A standard neoclassical utility function is used to characterize the utility function … possibility of first-best moral-hazard-free (FB MHF) utility structures, but the first-best UI replacement rate remains very much …
Persistent link: https://www.econbiz.de/10011455570