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display interesting non-ergodic behavior, hysteresis, oscillations, and comparative dynamics. Finally, in specific example …
Persistent link: https://www.econbiz.de/10012957362
The quot;Easterlin paradoxquot; suggests that there is no link between a society's economic development and its average …
Persistent link: https://www.econbiz.de/10012758453
utility, and use them to evaluate alternative features and forms of government in large international samples. We find that … capita incomes, in simple correlations and more fully specified models explaining international differences in life … preferences that depends on the level of development. The ability of governments to provide a trustworthy environment, and to …
Persistent link: https://www.econbiz.de/10012761758
of a country%u2019s institutions, heterogeneity, and a number of different international indices and rankings. I have … little success; small countries are more open to international trade than large countries, but are not systematically …
Persistent link: https://www.econbiz.de/10012767360
measures such as the Human Development Index are, by construction, dominated by long-run trends. Second, a large fraction of …
Persistent link: https://www.econbiz.de/10012863641
GDP and derived metrics (e.g., productivity) have been central to understanding economic progress and well-being. In principle, the change in consumer surplus (compensating expenditure) provides a superior, and more direct, measure of the change in well-being, especially for digital goods, but...
Persistent link: https://www.econbiz.de/10012921524
and practical development of GDP. In this short paper, we focus on one conceptual framework (Benjamin, Heffetz, Kimball …
Persistent link: https://www.econbiz.de/10012964392
We document how an anti-poverty program improves economic and subjective wellbeing, and self-sufficiency. Familias en Accion Urbano, a conditional cash transfer program implemented at scale in the country of Colombia, uses a means-test cutoff score selection rule that provides exogenous...
Persistent link: https://www.econbiz.de/10012941962
We combine theory with data from different domains to provide an empirical analysis of the scale and variability of social capital as wealth. This is used to argue, given what we have learned in the literature on social capital, that the welfare returns to investing in trust could be...
Persistent link: https://www.econbiz.de/10012984136
The absence of a competitive market may enable public-sector workers to extract rents from taxpayers in the form of high pay, especially when public-sector workers are unionized. On the other hand, this rent extraction may be suppressed by the ability of taxpayers to vote with their feet,...
Persistent link: https://www.econbiz.de/10013129229