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Drawing on the distinction between envy and signaling effects in income comparison, this paper uses 307 … in 1990-1999 envy has been the dominant concern in West Germany and signaling the dominant factor in East Germany, income …
Persistent link: https://www.econbiz.de/10009747833
having lower resources and, in the other case, for the feeling of envy that is generated by those having higher resources. We … for the presence of envy and compassion might lead to different rankings. …
Persistent link: https://www.econbiz.de/10012285199
driven by envy even though it generates direct utilitarian gains. That share rises as the role of envy is made more salient …
Persistent link: https://www.econbiz.de/10012951872
We document for the US and Continental Europe that home-production time remained essentially flat during the last 50 years while changes in market time and leisure offset each other. We then focus on the US and France during 1970-2005 which are on the opposite sides of the spectrum: while US...
Persistent link: https://www.econbiz.de/10011490472
This paper constructs a dynamic model of health insurance to evaluate the short- and long run effects of policies that prevent firms from conditioning wages on health conditions of their workers, and that prevent health insurance companies from charging individuals with adverse health conditions...
Persistent link: https://www.econbiz.de/10013097204
Persistent link: https://www.econbiz.de/10014378778
This paper analyses the role of family risk attitudes in intergenerational mobility in incomes and education. Based on 1984-2009 data of sons and fathers from the German Socio-Economic Panel Survey, there is evidence suggesting that sons with risk taking fathers have a significantly higher...
Persistent link: https://www.econbiz.de/10009687917
A service provider sells to homogenous risk-averse consumers through a two-part tariff. The consumers have uncertain tastes toward the service. They subscribe the service before the uncertainty resolves. In contrast with the common view that a monpolist's optimal two-part tariff for homogeneous...
Persistent link: https://www.econbiz.de/10009298686
In recent years, many social scientists have claimed that trust plays an important role in economic and social transactions. Despite its proposed importance, the measurement and the definition of trust seem to be not fully settled, and the identification of the exact role of trust in economic...
Persistent link: https://www.econbiz.de/10011634169
We scrutinize the use of value at risk as traders' limit in banks. Thereby, we compare a bank with uninformed traders dealing on a perfect capital market, with a bank in which traders receive a noisy signal about the future price of the stock they are dealing in. Additionally, they are able to...
Persistent link: https://www.econbiz.de/10012716588