Similar Search Results

Suboptimal choices and the need for experienced individual well-being in economic analysis

Hsee, Christopher K.; Rottenstreich, Yuval; Stutzer, Alois - 2012

Standard economic analysis assumes that people make choices that maximize their utility. Yet both popular discourse and other fields assume that people sometimes fail to make optimal choices and thus adversely affect their own happiness. Most social sciences thus frequently describe some...

Persistent link: https://www.econbiz.de/10010282196

Using Life Satisfaction and Happiness Data for Environmental Valuation: An Experienced Preference Approach

Ferreira, Susana; Moro, Mirko; Welsch, Heinz - 2024

A growing literature in economics uses subjective well-being data collected in surveys as a proxy for utility. Environmental economists have combined these data with the public goods experienced by respondents using a novel non-market valuation approach: the experienced preference approach. In...

Persistent link: https://www.econbiz.de/10014469403

Heterogeneity in subjective wellbeing: An application to occupational allocation in Africa

Falco, Paolo; Maloney, William F.; Rijkers, Bob; … - 2012

small firm informal sector: there is not a robust average satisfaction premium for formal work vis a vis self-employment or … distribution of satisfaction across sectors. The results are robust to the inclusion of fixed effects, and using alternate measures … of satisfaction. Job characteristics, self-perceived autonomy and experimentally elicited measures of attitudes toward …

Persistent link: https://www.econbiz.de/10010291445

Nonparametric identification and stimation of nonadditive hedonic Models

Heckman, James Joseph; Matzkin, Rosa Liliana; Nesheim, Lars - 2009

This paper studies the identification and estimation of preferences and technologies in equilibrium hedonic models. In it, we identify nonparametric structural relationships with nonadditive heterogeneity. We determine what features of hedonic models can be identified from equilibrium...

Persistent link: https://www.econbiz.de/10010274262

Nonparametric analysis of household labor supply: goodness-of-fit and power of the unitary and the collective model

Cherchye, Laurens; Vermeulen, Frederic - 2006

We compare the empirical performance of unitary and collective labor supply models, using representative data from the Dutch DNB Household Survey. We conduct a nonparametric analysis that avoids the distortive impact of an erroneously specified functional form for the preferences and/or the...

Persistent link: https://www.econbiz.de/10010267486

Opening the black box of intra-household decision-making: theory and non-parametric empirical tests of general collective consumption models

Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - 2005

We non-parametrically test a general collective consumption model with public consumption and externalities inside the household. We further propose a novel approach to model special cases of the general collective model. These special cases include alternative restrictions on the 'sharing rule'...

Persistent link: https://www.econbiz.de/10010267601

The revealed preference approach to collective consumption behavior: testing, recovery and welfare analysis

Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - 2007

We extend the nonparametric 'revealed preference' methodology for analyzing collective consumption behavior (with consumption externalities and public consumption), to render it useful for empirical applications that deal with welfare-related questions. First, we provide a nonparametric...

Persistent link: https://www.econbiz.de/10010268456

An Afriat theorem for the collective model of household consumption

Cherchye, Laurens; De Rock, Bram; Vermeulen, Frederic - 2008

We provide a nonparametric 'revealed preference' characterization of rational household behavior in terms of the collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a Collective Axiom of Revealed Preference (CARP), which provides...

Persistent link: https://www.econbiz.de/10010269151

Sharing rule identification for general collective consumption models

Cherchye, Laurens; De Rock, Bram; Lewbel, Arthur; … - 2012

We propose a method to identify bounds (i.e. set identification) on the sharing rule for a general collective household consumption model. Unlike the effects of distribution factors, it is well known that the level of the sharing rule cannot be uniquely identified without strong assumptions on...

Persistent link: https://www.econbiz.de/10010282606

Decentralization, happiness and the perception of institutions

Diaz-Serrano, Luis; Rodríguez-Pose, Andrés - 2011

Europe deliver greater satisfaction with political institutions and lead to greater personal happiness. The analysis uses … the level of satisfaction with political and economic institutions and with the education and health systems, whereas the …

Persistent link: https://www.econbiz.de/10010278374

1
2
3
4
5
6
7
8
9
10
Next
Last