Showing 1 - 10 of 3,679
government expenditures (including Social Security and income assistance). Together, the reduction in smoking and the rise in …
Persistent link: https://www.econbiz.de/10003884098
We examine how intergenerational income mobility responds to structural changes in a simple theoretical model of …
Persistent link: https://www.econbiz.de/10009777023
The theory of compensating differentials has proven difficult to test with observational data: the consequences of …. Instead, we construct experimental, real-effort labor markets and offer an evaluation of the theory in a controlled setting … differentials are affected by worker mobility and therefore selection. Consistent with the theory, we find that riskier firms must …
Persistent link: https://www.econbiz.de/10010477537
current German SUS program ("Gründungszuschuss") that focused on objective outcomes – such as employment and income – and …
Persistent link: https://www.econbiz.de/10012136864
Ambiguous prospects are ubiquitous in social and economic life, but the psychological foundations of behavior under ambiguity are still not well understood. One of the most robust empirical regularities is the strong correlation between attitudes towards ambiguity and compound risk which...
Persistent link: https://www.econbiz.de/10014544917
I study attitudes towards risk taking in cases where a person relates to others positively, namely altruistically. This study is needed because it is unclear how altruism influences the inclination of an altruistic person to take risks. Will this person's risk-taking behavior differ if the...
Persistent link: https://www.econbiz.de/10014423411
percent of mean income. In this paper we use economic theory to determine the relation between the appropriate make …Courts typically base compensation for loss of income in personal injury cases on either mean or median work income …. Yet, quantatively, mean and median incomes are typically very different. For example, in the US median income is 65 …
Persistent link: https://www.econbiz.de/10012034365
activities, rendering conclusions regarding well-being policy less straightforward. -- comparison ; habituation ; income …
Persistent link: https://www.econbiz.de/10009408713
This paper investigates whether risk preferences explain how individuals are sorted into occupations with different earnings variability. We exploit data from the German Socio-Economic Panel, which contains a subjective assessment of willingness to take risks whose behavioral relevance has been...
Persistent link: https://www.econbiz.de/10003253467
This paper presents a theoretical and empirical analysis of the role of life expectancy for optimal schooling and lifetime labor supply. The results of a simple prototype Ben-Porath model with age-specific survival rates show that an increase in lifetime labor supply is not a necessary, nor a...
Persistent link: https://www.econbiz.de/10009721323