Narrow search
Showing 1 - 10 of 104
Cover Image
A soul's view of the optimal population problem
De la Croix, David; Doepke, Matthias - 2021
A long-standing challenge for welfare economics is to develop welfare criteria that can be applied to allocations with different population levels. Such a criterion is essential to resolve the optimal population problem, i.e., the tradeoff between population size and the welfare of each person...
Persistent link: https://www.econbiz.de/10012493350
Cover Image
How do households discount over centuries? : evidence from Singapore's private housing market
Fesselmeyer, Eric; Liu, Haoming; Salvo, Alberto - 2016
We examine Singapore's fairly homogeneous private-housing market and show that new apartments on historical multi-century leases trade at a non-zero discount relative to property owned in perpetuity. Descriptive regressions indicate that new apartments with 825 to 986 years of tenure remaining...
Persistent link: https://www.econbiz.de/10011455856
Cover Image
Foundations of utilitarianism under risk and variable population
Spears, Dean; Zuber, Stéphane - 2021
Utilitarianism is the most prominent family of social welfare functions. We present three new axiomatic ….'s (1998) Expected Critical-Level Generalized Utilitarianism (ECLGU) is equivalent to a new axiom holding that it is better to … novel characterizations extend classic axiomatizations of utilitarianism from settings with either social risk or variable …
Persistent link: https://www.econbiz.de/10012583668
Cover Image
Addressing the COVID-19 pandemic: comparing alternative value frameworks
Ferranna, Maddalena; Sevilla, J. P.; Bloom, David E. - 2021
of benefit-cost analysis, utilitarianism, and prioritarianism in evaluating COVID-19-related policies. The relative … less aggressive control policies. Utilitarianism and prioritarianism, in that order, increasingly favor income … likely than utilitarianism or benefit-cost analysis to target young and socioeconomically disadvantaged individuals in the …
Persistent link: https://www.econbiz.de/10012486386
Cover Image
The impact of education on the subjective discount rate in Ugandan villages
Bauer, Michal; Chytilová, Julie - 2009
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in developing countries. We elicit a subjective discount rate for a varied sample of Ugandan villagers. In accordance with other studies, we have found the discount rate to...
Persistent link: https://www.econbiz.de/10003824853
Cover Image
Criminal discount factors and deterrence
Mastrobuoni, Giovanni; Rivers, David A. - 2016
The trade-off between the immediate returns from committing a crime and the future costs of punishment depends on an offender's time discounting. We exploit quasi-experimental variation in sentence length generated by a large collective pardon in Italy and provide non-parametric evidence on the...
Persistent link: https://www.econbiz.de/10011453421
Cover Image
Temporal discounting in later life
Kulati, Ellam; Myck, Michał; Pasini, Giacomo - 2022
We explore intertemporal decision-making in later life by looking at temporal preference heterogeneity among older individuals. Using choice tasks responses from Poland collected as part of the Survey of Health, Ageing, and Retirement in Europe (SHARE), we elicit individual time preferences...
Persistent link: https://www.econbiz.de/10013415755
Cover Image
The dynastic benefits of early childhood education : participant benefits and family spillovers
Bennhoff, Frederik H.; García García-Menéndez, Jorge Luis - 2023
We demonstrate the social efficiency of investing in high-quality early childhood education using newly collected data from the HighScope Perry Preschool Project. The data analyzed are the longest follow-up of any randomized early childhood education program. Annual observations of participant...
Persistent link: https://www.econbiz.de/10014326424
Cover Image
Smoking, discount rates, and returns to education
Fersterer, Josef; Winter-Ebmer, Rudolf - 2000
Individual time preference determines schooling enrolment. Moreover, smoking behavior in early ages has been shown to be highly related to time preference rates. Accordingly, we use smoking at age 16 as an instrument for schooling in order to cope with ability bias in a returns to education...
Persistent link: https://www.econbiz.de/10011325993
Cover Image
Earmarking and the political support of fat taxes
Cremer, Helmuth; Goulão, Catarina; Roeder, Kerstin - 2015
A fat and a healthy good provide immediate gratification, and cause health costs or benefits in the long run, which are misperceived. Additionally, the fat good (healthy good) increases (decreases) health care costs by increasing (decreasing) the probability of suffering from a chronic disease...
Persistent link: https://www.econbiz.de/10011336980