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Evaluating Rubin's Causal Model for Measuring the Capitalization of Environmental Amenities

Klaiber, H. Allen - 2009

rely on housing price capitalization. It is a computational analog to Chetty's [2009] call for considering the measurement …

Persistent link: https://www.econbiz.de/10012463692

Utility and Happiness

Kimball, Miles S.; Willis, Robert J. - National Bureau of Economic Research - 2023

relationship between how happy a person feels and utility is an unresolved question. Existing work in Economics either ignores … happiness data or assumes that felt happiness is more or less the same thing as flow utility. The approach we propose in this … "happiness is a sufficient statistic for utility." …

Persistent link: https://www.econbiz.de/10014372464

Smart Machines and Long-Term Misery

Sachs, Jeffrey D. - 2012

Are smarter machines our children's friends? Or can they bring about a transfer from our relatively unskilled children to ourselves that leaves our children and, indeed, all our descendants - worse off?

Persistent link: https://www.econbiz.de/10012460031

Valuing Incremental Highway Capacity in a Network

Klaiber, H. Allen - 2010

The importance of increments to an existing highway system depends upon their contributions to the accessibility provided by the existing network. Nearly 40 years ago, Mohring [1965] suggested this logic for planning optimal highway investment programs. He argued it could be implemented by...

Persistent link: https://www.econbiz.de/10012462664

Surprising Comparative Properties of Monetary Models : Results from a New Data Base

Taylor, John B. - 2009

In this paper we investigate the comparative properties of empirically-estimated monetary models of the U.S. economy. We make use of a new data base of models designed for such investigations. We focus on three representative models: the Christiano, Eichenbaum, Evans (2005) model, the Smets and...

Persistent link: https://www.econbiz.de/10012463799

How Frequent Are Small Price Changes?

Eichenbaum, Martin S. - 2012

due to measurement error. We conclude that the evidence on the prevalence of small price changes is much too weak to be …

Persistent link: https://www.econbiz.de/10012460703

Explaining the Rise in Youth Suicide

Cutler, David M. - 2000

Suicide rates among youths aged 15-24 have tripled in the past half-century, even as rates for adults and the elderly have declined. And for every youth suicide completion, there are nearly 400 suicide attempts. This paper examines the dynamics of youth suicide attempts and completions, and...

Persistent link: https://www.econbiz.de/10012471048

Transfer Motives and Tax Policy

Kaplow, Louis - 1999

This paper considers the optimal tax treatment of voluntary transfers to individuals in a" framework that integrates redistributive income taxation and estate and gift taxation. Under this" formulation, redistributive considerations become secondary. The optimal tax treatment of" transfers...

Persistent link: https://www.econbiz.de/10012471814

The Shape of Temptation : Implications for the Economic Lives of the Poor

Banerjee, Abhijit - 2010

observed behaviors of the poor. Temptation goods are defined to be the set of goods that generate positive utility for the self …

Persistent link: https://www.econbiz.de/10012462679

Who Owns Children and Does it Matter?

Schoonbroodt, Alice - 2010

Is there an economic rationale for pronatalist policies? In this paper we propose and analyze a particular market failure that may lead to inefficiently low equilibrium fertility and therefore to a need for government intervention. The friction we investigate is related to the ownership of...

Persistent link: https://www.econbiz.de/10012462988

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