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The Long-Term Impacts of International Migration : Evidence from a Lottery
Gibson, John - 2015
We examine the long-term impacts of international migration by comparing immigrants who had successful ballot entries in a migration lottery program, and first moved almost a decade ago, with people who had unsuccessful entries into those same ballots. The long-term gain in income is found to be...
Persistent link: https://www.econbiz.de/10013012021
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Optimal Price Indices for Targeting Inflation Under Incomplete Markets
Anand, Rahul - 2010
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...
Persistent link: https://www.econbiz.de/10013139035
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Hyperbolic Discounting and Positive Optimal Inflation
Graham, Liam - 2011
The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...
Persistent link: https://www.econbiz.de/10013125143
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What Measure of Inflation Should a Developing Country Central Bank Target?
Anand, Rahul - 2015
In closed or open economy models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. We analyze this result in the context of developing economies, where a large proportion of households are credit constrained...
Persistent link: https://www.econbiz.de/10013016274
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The Impact of Inflation Targeting on Inflation and Growth : How Robust is the Evidence?
Junankar, P. N. Raja - 2020
This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both developing and developed countries. Earlier studies have found contradictory results depending on the methodology used, different authors have used different estimation methods on...
Persistent link: https://www.econbiz.de/10012833231
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Beauty is the Promise of Happiness?
Hamermesh, Daniel S. - 2011
We measure the impact of individuals' looks on their life satisfaction or happiness. Using five data sets from the U … about 0.10 standard deviations of additional satisfaction/happiness among men, 0.12 among women. Accounting for a wide …
Persistent link: https://www.econbiz.de/10013127722
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Health and Well-Being in the Crisis
Askitas, Nikos - 2011
The internet has become an important data source for the Social Sciences because these data are available without lags, can be regarded as involuntary surveys and hence have no observer effect, can be geo-labeled, are available for countries across the globe and can be viewed in continuous time...
Persistent link: https://www.econbiz.de/10013127723
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Will GDP Growth Increase Happiness in Developing Countries?
Clark, Andrew - 2011
thresholds. Such regime changes are visible to the eye through the lens of subjective satisfaction measures. The case of … Transition countries is particularly impressive in this respect: average life satisfaction scores closely mirrored changes in GDP …
Persistent link: https://www.econbiz.de/10013127954
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Retirement and Subjective Well-Being
Bonsang, Eric - 2011
We provide an explanation for the common finding that the effect of retirement on life satisfaction is negligible. For … this we use subjective well-being measures for life and domains of life satisfaction that are available in the German Socio …-Economic Panel (GSOEP) and show that the effect of voluntary retirement on satisfaction with current household income is negative …
Persistent link: https://www.econbiz.de/10013129086
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Beyond GDP and Back : What is the Value-Added by Additional Components of Welfare Measurement?
de New (née Kassenboehmer), Sonja C. - 2011
Recently, building on the highly polarizing Stiglitz report, a growing literature suggests that statistical offices and applied researchers explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective...
Persistent link: https://www.econbiz.de/10013130791