Showing 1 - 10 of 33
As evidence is accumulating that subjective expectations influence behavior and that these expectations are sometimes biased, it becomes policy-relevant to know how to influence individuals' expectations. Information in the media is likely to affect how people picture the future. This paper...
Persistent link: https://www.econbiz.de/10003824962
The standard human-capital model is based on the assumption that the observed wage of an individual is equal to the monetary value of the individual net human-capital productivity, the so-called net potential wage. We argue that this assumption is rejected by the ECHP data for Belgium, Denmark...
Persistent link: https://www.econbiz.de/10003920226
This paper presents a simple model of state-dependent pricing that allows identification of the relative importance of the degree of price rigidity that is inherent to the price setting mechanism (intrinsic) and that which is due to the price's driving variables (extrinsic). Using two data sets...
Persistent link: https://www.econbiz.de/10003595347
In this paper, we investigate how changes in the skill mix of local labor supply are absorbed by the economy. We distinguish between three adjustment mechanisms: through factor prices, through an expansion in the size of those production units that use the more abundant skill group more...
Persistent link: https://www.econbiz.de/10009524993
prediction errors that are at least partly driven by unforeseen adaptation. …
Persistent link: https://www.econbiz.de/10011308432
asymmetries in adaptation is proposed as an important driver. The theoretical analysis is consistent with econometric evidence on … commuting choice using data on subjective well-being. People show substantial adaptation to a higher labor income but not to …
Persistent link: https://www.econbiz.de/10009753717
We use data from the Survey of Income and Program Participation covering the period 1989-2006 to investigate the impact that time limits on receipt of Temporary Assistance for Needy Families have on female-headed family outcomes, including welfare use, employment and living arrangements. The...
Persistent link: https://www.econbiz.de/10009665634
; rural households ; adaptation ; risk-coping mechanisms ; long-term effects …
Persistent link: https://www.econbiz.de/10009629134
freedom of choice, low levels of democratization, unemployment, low income, etc. Second, considering people's adaptation to … human well-being and the phenomenon of adaptation. Many challenges, of course, remain. First, we are only at the beginning … of understanding variation in the process of adaptation. The modeling of happiness over the life course promises a …
Persistent link: https://www.econbiz.de/10010348918
may explain the fertility behavior of first generation immigrants; namely, selection, disruption and adaptation. The …
Persistent link: https://www.econbiz.de/10010250042