Narrow search
Showing 1 - 10 of 1,496
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
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
Cover Image
Individual Well-Being in a Dynamic Perspective
D'Ambrosio, Conchita - 2011
This paper explores the determinants of individual well-being as measured by self-reported levels of satisfaction with income. Making full use of the panel data nature of the German Socio-Economic Panel, we provide empirical evidence for well-being depending on absolute and on relative levels of...
Persistent link: https://www.econbiz.de/10012756895
Cover Image
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
Cover Image
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
Cover Image
Mums and their Sons, Dads and their Daughters : Panel Data Evidence of Interdependent Marginal Utilities across 14 EU Countries
Molina, Jose Alberto; Navarro, Maria; Walker, Ian - 2021
We study how fathers and mothers income satisfaction correlates with the income satisfaction of their sons and daughters, as well as with other economic and socio-demographic variables. We estimate these correlations using data on parents and children in households surveyed in the eight waves of...
Persistent link: https://www.econbiz.de/10013317129
Cover Image
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