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This paper examines demand systems where the demand for a good depends on other prices only through a common price aggregator (a scalar function of all prices). We refer to this property as ``generalized separability'' and provide the functional forms of demand that this property implies when...
Persistent link: https://www.econbiz.de/10013191091
This paper examines demand systems where the demand for a good depends only on its own price, consumer income, and a single aggregator synthesizing information on all other prices. This generalizes directly-separable preferences where the Lagrange multiplier provides such an aggregator. As...
Persistent link: https://www.econbiz.de/10012480678
. The numerical analysis literature offers many reliable methods, and should be used because alternatives derived from … difference methods from numerical analysis produces far superior approximations than do simple discrete-time systems …
Persistent link: https://www.econbiz.de/10012460295
We examine how wealth shocks, in the form of inheritances, affect the mortality rates, health status and health behaviors of older adults, using data from eight waves of the Health and Retirement Survey (HRS). Our main finding is that bequests do not have substantial effects on health, although...
Persistent link: https://www.econbiz.de/10012463286
behaviors become healthier when the economy weakens, possibly by increasing the non-market time available for lifestyle …
Persistent link: https://www.econbiz.de/10012469235
Since the late 1970s, the number of obese adults in the United States has grown by over 50 percent. This paper examines the factors that may be responsible for this rapidly increasing prevalence rate. To study the determinants of adult obesity and related outcomes, we employ micro-level data...
Persistent link: https://www.econbiz.de/10012469462
This paper provides a theoretical and empirical examination of the long-run growth in weight over time. We argue that technological change has induced weight growth by making home- and market-production more sedentary and by lowering food prices through agricultural innovation. We analyze how...
Persistent link: https://www.econbiz.de/10012469768
Does a person's historical lineage influence his or her current economic status? Motivated by a large literature in social sciences stressing the effect of an early transition to agriculture on current economic performance at the level of countries, we examine the relative contemporary status of...
Persistent link: https://www.econbiz.de/10012456765
We study human capital reallocation following firm-specific idiosyncratic shocks. Theory offers diverging predictions as to whether human capital gets reallocated to its most productive use following these shocks. To empirically test these predictions, we focus on relegation battles in the...
Persistent link: https://www.econbiz.de/10012938751
Using detailed data from the Bundesliga, Germany's top soccer league, our analysis of how crowd pressure affects the …
Persistent link: https://www.econbiz.de/10012585378