Showing 1 - 10 of 12
In this paper we develop theoretical criteria and econometric methods to rank policy interventions in terms of welfare when individuals are loss-averse. The new criterion for "loss aversion-sensitive dominance" defines a weak partial ordering of the distributions of policy-induced gains and...
Persistent link: https://www.econbiz.de/10012207857
This paper proposes a new unified theory of sociobehavioral forces. The goal of the new theory is to integrate theories describing five sociobehavioral processes - comparison (including justice and self-esteem), status, power, identity, and happiness - bringing under a single theoretical...
Persistent link: https://www.econbiz.de/10010268702
How do individuals shape societies? How do societies shape individuals? This paper develops a framework for studying the connections between micro and macro phenomena. The framework builds on two ingredients widely used in social science - population and variable. Starting with the simplest case...
Persistent link: https://www.econbiz.de/10010269509
This paper proposes a new unified theory of sociobehavioral forces. The goal of the new theory is to integrate theories describing five sociobehavioral processes - comparison (including justice and self-esteem), status, power, identity, and happiness - bringing under a single theoretical...
Persistent link: https://www.econbiz.de/10005703470
We use a unique data set about the wage distribution that Swiss students expect for themselves ex ante, deriving parametric and non-parametric measures to capture expected wage risk. These wage risk measures are unfettered by heterogeneity which handicapped the use of actual market wage...
Persistent link: https://www.econbiz.de/10010276690
that optimal government policy depends on the dispersion and skewness of the firms' productivity distribution. …
Persistent link: https://www.econbiz.de/10011494339
The added worker effect (AWE) measures the entry of individuals into the labor force due to their partners' job loss. We propose a new method to calculate the AWE, which allows us to estimate its effect on any labor market outcome. We show that the AWE reduces the fraction of households with two...
Persistent link: https://www.econbiz.de/10012180116
appropriate for ordinal data, our analysis using the World Values Survey reveals that skewness of the SWL distribution, not only …
Persistent link: https://www.econbiz.de/10012322491
with the skewness of respondents' return expectations for the respective asset, controlling for other moments of a …
Persistent link: https://www.econbiz.de/10012882594
We provide laboratory evidence that people neglect skewness resulting from compound shocks. …
Persistent link: https://www.econbiz.de/10010285432