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of everyone else. According to the income comparisons model, this change in transparency can widen the gap in well … this effect relates to changes in self-perceptions of relative income. We provide back-of-the-envelope estimates of the … importance of income comparisons, and discuss implications for the ongoing debate on transparency policies …
Persistent link: https://www.econbiz.de/10012891316
short run and on academic test scores, employment, and income in the long run, while suggesting that most parents will not …
Persistent link: https://www.econbiz.de/10013022928
earnings and family income. We find few differences in estimated gains by baseline health and occupation characteristics …
Persistent link: https://www.econbiz.de/10012929550
Economists have long been aware of utility externalities such as a tendency to compare own income with others'. If … welfare losses from income comparisons are significant, any governmental interventions that alter such attitudes may have … comparing income with others may diminish welfare even when income levels increase makes UK respondents compare incomes more …
Persistent link: https://www.econbiz.de/10012998421
This paper explores the power of personality traits both as predictors and as causes of academic and economic success, health, and criminal activity. Measured personality is interpreted as a construct derived from an economic model of preferences, constraints, and information. Evidence is...
Persistent link: https://www.econbiz.de/10013127755
We estimate the trend in the transitory variance of male earnings in the U.S. using the Michigan Panel Study of Income …
Persistent link: https://www.econbiz.de/10013129122
In this paper we compare the labor market performance of Israeli students who graduated from one of the leading universities, Hebrew University (HU), with those who graduated from a professional undergraduate college, College of Management Academic Studies (COMAS). Our results support a model in...
Persistent link: https://www.econbiz.de/10013130976
service on health and income. This research has shown that effects of veteran status on mortality and earnings that appeared …
Persistent link: https://www.econbiz.de/10013131668
In models with complete markets, targeting core inflation enables monetary policy to maximize welfare by replicating the flexible price equilibrium. In this paper, we develop a two-sector two-good closed economy new Keynesian model to study the optimal choice of price index in markets with...
Persistent link: https://www.econbiz.de/10013133080
explained by the positive association between height and both income and education, both of which are positively linked to …
Persistent link: https://www.econbiz.de/10013134585