Showing 1 - 10 of 2,542
This paper accounts for the value of children and future generations in the evaluation of health policies. This is … achieved through the incorporation of altruism and fertility in a "value of life" type of framework. We are able to express … intergenerational welfare comparisons. We show that, by incorporating altruism and fertility into the analysis, the estimated welfare …
Persistent link: https://www.econbiz.de/10013317066
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal … care provided to their parents and education expenditures for their children. The young enjoy their education, while the … old may leave a bequest to their children. Within each period the three generations play a “game” inspired by Becker …
Persistent link: https://www.econbiz.de/10013051795
There are many possible connections between VSL and behavioral economics. A list of topics includes endowment effects, risk salience, ambiguity aversion, present bias, reference groups, reference points, and experienced versus decision utilities. There are also nudges that connect to estimating...
Persistent link: https://www.econbiz.de/10012870202
Our research addresses fundamental long - standing concerns in the compensating wage differentials literature and its public policy implications: the econometric properties of estimates of the value of statistical life (VSL) and the wide range of such estimates from about $0.5 million to about...
Persistent link: https://www.econbiz.de/10013316766
We use a unique data set of linked birth records from Florida to analyze the intergenerational transmission of health at birth by parental gender. We show that both paternal and maternal birth weights significantly predict the child's birth weight even after accounting for all genetic and...
Persistent link: https://www.econbiz.de/10012870466
. In the model agents receive heterogeneous utility from pure and impure altruism (Andreoni 1989) that permits warm glow to … vary between monetary donations and volunteering, thus allowing preferences for impure altruism to rationalize inefficient … allocation decisions. We define a measure of the price of impure altruism as the additional proportion of income sacrificed by a …
Persistent link: https://www.econbiz.de/10013080136
norms and in particular on the 'religious taste for children'. The theoretical framework describes the setting and the …-attendance and by rare-prayer), lending support to corollaries derived from the theory and simulations. The main conclusions …
Persistent link: https://www.econbiz.de/10013141739
state) contributions to children's expenses. Individuals internalize these valuations. I examine a Cournot model of … voluntary contribution to children's goods in a two-adult household, where both spouses may have marginal rates of substitution … interests of parents and those of children. Depending on the marginal rate of substitution between paternal and maternal …
Persistent link: https://www.econbiz.de/10013154987
We study with a sample of 1,070 primary school children, aged seven to eleven years, how altruism in a donation … experiment is related to children's risk attitudes and intertemporal choices. Examining such a relationship is motivated by … theories of reciprocal altruism that provide a cornerstone to understand human social behavior. We find that higher risk …
Persistent link: https://www.econbiz.de/10013057045
scenario concerning the "harmony" of family relations. Children are purely selfish, and neither side can make credible …
Persistent link: https://www.econbiz.de/10013076808