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We exploit lottery wins to investigate the effects of exogenous changes to individuals' income on health care demand in …
Persistent link: https://www.econbiz.de/10010498373
Most demand -- especially labor demand -- is derived from the demand for some other product. This note demonstrates … case of derived demand. -- derived demand ; indirect demand ; consumers's surplus ; economic rent …
Persistent link: https://www.econbiz.de/10003333109
This paper is concerned with the problem of ranking Lorenz curves in situations where the Lorenz curves intersect and no unambiguous ranking can be attained without introducing weaker ranking criteria than first-degree Lorenz dominance. To deal with such situations two alternative sequences of...
Persistent link: https://www.econbiz.de/10003779034
This paper is concerned with the problem of ranking Lorenz curves in situations where the Lorenz curves intersect and no unambiguous ranking can be attained without introducing weaker ranking criteria than first-degree Lorenz dominance. To deal with such situations Aaberge (2009) introduced two...
Persistent link: https://www.econbiz.de/10003940503
This paper examines the relationship between product demand and the pattern of rising skill premia and rising … employment of skilled workers in the US and the UK since the 1980s. If more skilled workers demand more skill-intensive goods …, then an increase in relative skill supply will also induce a shift in relative skill demand. This channel reduces the need …
Persistent link: https://www.econbiz.de/10003976873
This paper provides new evidence on the effect of school construction projects on home prices, academic achievement, and public school enrollment. Taking advantage of the staggered implementation of a comprehensive school construction project in a poor urban district, we find that, by six years...
Persistent link: https://www.econbiz.de/10009519900
Conflicting views about the degree of long-run mobility across multiple generations persist because direct empirical evidence is scarce. Predictions are instead routinely derived by iteration of intergenerational measures, a procedure which implies high long-run mobility even when...
Persistent link: https://www.econbiz.de/10009679503
Persistent link: https://www.econbiz.de/10001808397
Persistent link: https://www.econbiz.de/10001749983
We examine how intergenerational income mobility responds to structural changes in a simple theoretical model of intergenerational transmission, deviating from the existing literature by explicitly analyzing the transition path between steady states. We find that mobility depends not only on...
Persistent link: https://www.econbiz.de/10009777023