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The Macroeconomic Implications of Rising Wage Inequality in the United States

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - National Bureau of Economic Research (NBER) - 2008

-markets overlapping-generations model in which individuals choose education and form households, and households choose consumption and … by gender and education. The model is parameterized using micro data from the PSID, the CPS and the CEX. With the … also assess the role played by education, labor supply, and saving in providing insurance against shocks, and in exploiting …

Persistent link: https://www.econbiz.de/10005828546

The Perils of Peer Effects

Angrist, Joshua - National Bureau of Economic Research (NBER) - 2013

Individual outcomes are highly correlated with group average outcomes, a fact often interpreted as a causal peer effect. Without covariates, however, outcome-on-outcome peer effects are vacuous, either unity or, if the average is defined as leave-out, determined by a generic intraclass...

Persistent link: https://www.econbiz.de/10011095625

Grandpa and the Snapper: the Wellbeing of the Elderly who Live with Children

Deaton, Angus; Stone, Arthur A. - National Bureau of Economic Research (NBER) - 2013

Elderly Americans who live with people under age 18 have lower life evaluations than those who do not. They also experience worse emotional outcomes, including less happiness and enjoyment, and more stress, worry, and anger. In part, these negative outcomes come from selection into living with a...

Persistent link: https://www.econbiz.de/10010969330

Beyond Happiness and Satisfaction: Toward Well-Being Indices Based on Stated Preference

Kimball, Miles Spencer; Benjamin, Daniel J.; Heffetz, Ori; … - National Bureau of Economic Research (NBER) - 2012

This paper proposes foundations and a methodology for survey-based tracking of well-being. First, we develop a theory in which utility depends on "fundamental aspects" of well-being, measurable with surveys. Second, drawing from psychologists, philosophers, and economists, we compile a...

Persistent link: https://www.econbiz.de/10010950672

The Half-Life of Happiness: Hedonic Adaptation in the Subjective Well-Being of Poor Slum Dwellers to a Large Improvement in Housing

Gertler, Paul; Galiani, Sebastian; Undurraga, Raimundo - National Bureau of Economic Research (NBER) - 2015

A fundamental question in economics is whether happiness increases pari passu with improvements in material conditions or whether humans grow accustomed to better conditions over time. We rely on a large-scale experiment to examine what kind of impact the provision of housing to extremely poor...

Persistent link: https://www.econbiz.de/10011262914

Happiness Adaptation to Income and to Status in an Individual Panel

Di Tella, Rafael; New, John Haisken-De; MacCulloch, Robert - National Bureau of Economic Research (NBER) - 2007

We study "habituation" to income and to status using individual panel data on the happiness of 7,812 people living in Germany from 1984 to 2000. Specifically, we estimate a "happiness equation" defined over several lags of income and status and compare the long run effects. We can (cannot)...

Persistent link: https://www.econbiz.de/10005248874

The Transformation of Hunger: The Demand for Calories Past and Present

Logan, Trevon D. - National Bureau of Economic Research (NBER) - 2005

According to conventional income measures, nineteenth century American and British industrial workers were two to four times as wealthy as poor people in developing countries today. Surprisingly, however, today's poor are less hungry than yesterday's wealthy industrial workers. I estimate the...

Persistent link: https://www.econbiz.de/10005014924

How Much is Social Capital Worth?

Helliwell, John F.; Barrington-Leigh, Christopher P. - National Bureau of Economic Research (NBER) - 2010

This paper uses data from global and Canadian surveys data to estimate the powerful linkages between social connections, their related social identities, and subjective well-being. Our explanatory variables include several measures of the extent and frequency of use of social networks, combined...

Persistent link: https://www.econbiz.de/10008601695

The Risk of Out-of-Pocket Health Care Expenditure at End of Life

Skinner, Jonathan; Marshall, Samuel; McGarry, Kathleen M. - National Bureau of Economic Research (NBER) - 2010

There is conflicting evidence on the importance of out-of-pocket medical expenditures as a risk to financial security, particularly at older ages. We revisit this question, focusing on health care spending near the end of life using data from the Health and Retirement Study for the years...

Persistent link: https://www.econbiz.de/10008627137

Well-Being, Social Capital and Public Policy: What's New?

Helliwell, John F. - National Bureau of Economic Research (NBER) - 2005

This paper summarizes recent empirical research on the determinants of subjective well-being. Results from national and international samples suggest that measures of social capital, including especially the corollary measures of specific and general trust, have substantial effects on well-being...

Persistent link: https://www.econbiz.de/10005710625

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