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Household Search or Individual Search : Does it Matter? Evidence from Lifetime Inequality Estimates
Flabbi, Luca - 2012
individual search specification implies gender differentials in lifetime utility inequality 74% larger. The results of our policy … experiments emphasize the importance of looking at lifetime utility inequality measures as opposed to simply cross-sectional wage …
Persistent link: https://www.econbiz.de/10013099113
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When Experienced and Decision Utility Concur : The Case of Income Comparisons
Clark, Andrew - 2015
these two sets of results. This kind of validation of experienced utility via direct comparison with decision utility …
Persistent link: https://www.econbiz.de/10013016299
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SISTA : Learning Optimal Transport Costs Under Sparsity Constraints
Carlier, Guillaume; Dupuy, Arnaud; Galichon, Alfred; … - 2021
In this paper, we describe a novel iterative procedure called SISTA to learn the underlying cost in optimal transport problems. SISTA is a hybrid between two classical methods, coordinate descent ("S"-inkhorn) and proximal gradient descent ("ISTA"). It alternates between a phase of exact...
Persistent link: https://www.econbiz.de/10013225545
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Combining Microsimulation and Optimization to Identify Optimal Flexible Tax-Transfer Rules
Colombino, Ugo - 2020
We use a behavioural microsimulation model embedded in a numerical optimization procedure in order to identify optimal (social welfare maximizing) tax-transfer rules. We consider the class of tax-transfer rules consisting of a universal basic income and a tax defined by a 4th degree polynomial....
Persistent link: https://www.econbiz.de/10012832584
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Interpersonal Comparisons of Utility : An Algebraic Characterization of Projective Preorders and Some Welfare Consequences
Candeal Haro, Juan Carlos; Indurain, E.; Molina, Jose … - 2021
It is shown that any completely preordered topological real algebra admits a continuous utility representation which is … utility pace is discussed …
Persistent link: https://www.econbiz.de/10013317217
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Earnings Dispersion, Risk Aversion and Education
Belzil, Christian; Hansen, Jorgen - 2021
We estimate a dynamic programming model of schooling decisions in which the degree of risk aversion can be inferred from schooling decisions. In our model, individuals are heterogeneous with respect to school and market abilities but homogeneous with respect to the degree of risk aversion. We...
Persistent link: https://www.econbiz.de/10013320490
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Back to Bentham, Should We? Large-Scale Comparison of Experienced Versus Decision Utility
Akay, Alpaslan - 2017
Subjective well-being (SWB) data is increasingly used to perform welfare analyses. Interpreted as 'experienced utility …', SWB has recently been compared to 'decision utility' using specific experiments, most often based on stated preferences …
Persistent link: https://www.econbiz.de/10012948690
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Relative Concerns of Rural-to-Urban Migrants in China
Akay, Alpaslan - 2014
As their environment changes, migrants constitute an interesting group to study the effect of relative income on subjective well-being. This paper focuses on the huge population of rural-to-urban migrants in China. Using a novel dataset, we find that the well-being of migrants depends on several...
Persistent link: https://www.econbiz.de/10013068561
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Remittances and Relative Concerns in Rural China
Akay, Alpaslan - 2015
substantial utility loss due to income comparisons, they gain utility by comparing their remittances with those received by their … respect to remittances. The magnitudes of these two opposite effects are very similar, implying that the utility reduction due … to relative income is compensated by the utility gain due to relative remittances. This finding is robust to various …
Persistent link: https://www.econbiz.de/10013016326
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Beliefs and Utility : Experimental Evidence on Preferences for Information
Falk, Armin - 2016
consumption have direct utility-consequences. This gives rise to informational preferences, i.e., preferences over the timing and …
Persistent link: https://www.econbiz.de/10012983901