Showing 1 - 10 of 63
We analyze the costs and benefits of using social image to foster virtuous behavior. A Principal seeks to motivate reputation-conscious agents to supply a public good. Each agent chooses how much to contribute based on his own mix of public-spiritedness, private signal about the value of the...
Persistent link: https://www.econbiz.de/10011476544
Due to incomplete contracts, efficiency of an organization depends on willingness of individuals to take non-selfish actions, e.g., cooperate when there is no incentive to do so, or punish inefficient actions by others. Organizations also constitute a social boundary, or group. We investigate...
Persistent link: https://www.econbiz.de/10003296130
terms of both consumption and leisure time. Drawing on household panel data in rural Mexico, I find that migration increases … non-migrants' consumption, but that this consumption gain cannot be explained by labor supply adjustments. Migration …
Persistent link: https://www.econbiz.de/10011572022
We use 1995, 2002 and 2013 CHIP data to investigate the urban household consumption expenditure inequality. The overall … inequality of urban household consumption expenditure measured by Gini coefficient slightly decreases from 0.33 in 1995 to 0 …, the percentile ratio of p90/p10 shows that consumption inequality increases all the time. Besides, the inequality of basic …
Persistent link: https://www.econbiz.de/10011762218
Job quality may usefully be thought of as depending on both job values (how much workers care about different job outcomes) and the job outcomes themselves. Here both cross-section and panel data are used to examine changes in job quality in OECD countries over the 1990s. Despite rising wages...
Persistent link: https://www.econbiz.de/10002841018
partners marry for money and the other where partners marry for romantic reasons orthogonal to productivity or debt. These … generate different investment incentives and therefore have a real impact on the market economy. While marrying for money …
Persistent link: https://www.econbiz.de/10003086586
central bank money. The key differences between cash and central bank digital currency (CBDC) include transaction efficiency …
Persistent link: https://www.econbiz.de/10014280913
Fungibility of money is a central principle in economics. It implies that any unit of money is substitutable for … another and that the composition of income is irrelevant for consumption. We find in a field experiment that even in a simple …, incentivized setup many subjects do not treat money as fungible. When a label is attached to a part of their budget, subjects …
Persistent link: https://www.econbiz.de/10003716538
Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent … ; income ; consumption ; transition ; Russia …
Persistent link: https://www.econbiz.de/10003863185
Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a … smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern … consumption expenditure at retirement generated by the model is zero, while the mean is negative, matching the HRS data. However …
Persistent link: https://www.econbiz.de/10003539347