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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

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

Racial Disparities in Savings Behavior for a Continuously Employed Cohort

Kuan, Kai Yuan; Cullen, Mark R.; Modrek, Sepideh - National Bureau of Economic Research (NBER) - 2015

The wealth gap has reached record highs. At the same time there has been substantial proliferation of 401(k) savings accounts as the dominant retirement savings vehicle, and these accounts make up an increasing proportion of overall wealth. In this paper we examine 401(k) saving behavior of...

Persistent link: https://www.econbiz.de/10011165131

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

The Impact of Health Insurance Expansion on Physician Treatment Choice: Medicare Part D and Physician Prescribing

Hu, Tianyan; Decker, Sandra L.; Chou, Shin-Yi - National Bureau of Economic Research (NBER) - 2014

We test the effect of the introduction of Medicare Part D on physician prescribing behavior by using data on physician visits from the National Ambulatory Medical Care Survey (NAMCS) 2002-2004 and 2006-2009 for patients aged 60-69. We use a combined DD-RD specification that is an improvement...

Persistent link: https://www.econbiz.de/10011085481

How's Life at Home? New Evidence on Marriage and the Set Point for Happiness

Helliwell, John F.; Grover, Shawn - National Bureau of Economic Research (NBER) - 2014

Subjective well-being research has often found that marriage is positively correlated with well-being. Some have argued that this correlation may be result of happier people being more likely to marry. Others have presented evidence suggesting that the well-being benefits of marriage are...

Persistent link: https://www.econbiz.de/10011114858

Geographic and Racial Variation in Premature Mortality in the US: Analyzing the Disparities

Fuchs, Victor R.; Cullen, Mark R.; Cummins, Clint - National Bureau of Economic Research (NBER) - 2012

Life expectancy at birth, estimated from United States period life tables, has been shown to vary systematically and widely by region and race. We use the same tables to estimate the probability of survival from birth to age 70 (S70), a measure of mortality more sensitive to disparities and more...

Persistent link: https://www.econbiz.de/10011188531

Creative Destruction and Subjective Wellbeing

Deaton, Angus; Aghion, Philippe; Akcigit, Ufuk; Roulet, … - National Bureau of Economic Research (NBER) - 2015

In this paper we analyze the relationship between turnover-driven growth and subjective wellbeing, using cross-sectional MSA level US data. We find that the effect of creative destruction on wellbeing is (i) unambiguously positive if we control for MSA-level unemployment, less so if we do not;...

Persistent link: https://www.econbiz.de/10011240563

Comparing the Happiness Effects of Real and On-line Friends

Helliwell, John F.; Huang, Haifang - National Bureau of Economic Research (NBER) - 2013

A recent large Canadian survey permits us to compare real-time and on-line social networks as sources of subjective well-being. The sample of 5,000 is drawn randomly from an on-line pool of respondents, a group well placed to have and value on-line friendships. We find three key results. First,...

Persistent link: https://www.econbiz.de/10010796601

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