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Happy times: Identification from ordered response data

Liu, Shuo; Netzer, Nick - 2020

Surveys are an important tool in economics and in the social sciences more broadly. However, methods used to analyse ordinal survey data (e.g., ordered probit) rely on strong and often unjustified distributional assumptions. In this paper, we propose using survey response times to solve that...

Persistent link: https://www.econbiz.de/10012420683

Happy times: Measuring happiness using response times

Liu, Shuo; Netzer, Nick - 2023

Surveys that measure subjective states like happiness or preferences often generate discrete ordinal data. Ordered response models, which are commonly used to analyze such data, suffer from a fundamental identification problem. Their conclusions depend on unjustified assumptions about the...

Persistent link: https://www.econbiz.de/10014333771

Happy times: Identification from ordered response data

Liu, Shuo; Netzer, Nick - 2021

Surveys that are designed to measure subjective states (e.g., happiness) typically generate ordinal data. A fundamental problem is that methods used to analyse ordinal data (e.g., ordered probit) rely on strong and often unjustified distributional assumptions. In this paper, we propose using...

Persistent link: https://www.econbiz.de/10012588493

Time is knowledge: What response times reveal

Benkert, Jean-Michel; Liu, Shuo; Netzer, Nick - 2024

Response times contain information about economically relevant but unobserved variables like willingness to pay, preference intensity, quality, or happiness. Here, we provide a general characterization of the properties of latent variables that can be detected using response time data. Our...

Persistent link: https://www.econbiz.de/10015054194

Informational requirements of nudging

Benkert, Jean-Michel; Netzer, Nick - 2016

A nudge is a paternalistic government intervention that attempts to improve choices by changing the framing of a decision problem. We propose a welfare-theoretic foundation for nudging similar in spirit to the classical revealed preference approach, by investigating a model where preferences and...

Persistent link: https://www.econbiz.de/10011663169

The swaps index for consumer choice

Lu, Mia; Netzer, Nick - 2022

We extend the swaps index of rationality, introduced by Apesteguia and Ballester (2015) for a finite set of alternatives, to the standard consumer choice setting with infinite commodity spaces. Applications include consumer demand from competitive budget sets and the state-space approach to...

Persistent link: https://www.econbiz.de/10013441506

Informational requirements of nudging

Benkert, Jean-Michel; Netzer, Nick - 2015

A nudge is a non-coercive paternalistic intervention that attempts to improve choices by manipulating the framing of a decision problem. As any paternalism, it faces the difficulty of determining the appropriate welfare criterion. We propose a welfare-theoretic foundation for nudging similar in...

Persistent link: https://www.econbiz.de/10011282524

The measurement of time and income poverty

Zacharias, Ajit - 2011

Official poverty thresholds are based on the implicit assumption that the household with poverty-level income possesses … of the assumption and explored alternative methods to account for time deficits in the measurement of poverty. I … individual approaches. I also propose a two-dimensional, time-income poverty measure that accounts for intrahousehold disparities …

Persistent link: https://www.econbiz.de/10010286513

Net government expenditures and the economic well-being of the elderly in the United States, 1989 - 2001

Kum, Hyunsub; Wolff, Edward N.; Zacharias, Ajit - 2006

We examine the economic well-being of the elderly, using the Levy Institute Measure of Economic Well-Being (LIMEW). Compared to the conventional measures of income, the LIMEW is a comprehensive measure that incorporates broader definitions of income from wealth, government expenditures, and...

Persistent link: https://www.econbiz.de/10010266455

The Great Recession and racial inequality: Evidence from measures of economic well-being

Masterson, Thomas; Zacharias, Ajit; Rios-Avila, Fernando; … - 2017

The Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses in terms of real wealth. In many ways, however, these losses are merely a continuation of trends that have...

Persistent link: https://www.econbiz.de/10011784670