Showing 1 - 10 of 968
Economics rests upon a set of presumptions about how human beings are affected by income. Yet causal evidence is scant. This paper reports a longitudinal study of randomly selected lottery winners. Remarkably, we show that it takes almost three years before they enjoy their money. We develop a...
Persistent link: https://www.econbiz.de/10010315565
This paper studies the evolution of life satisfaction over the life course in Germany. It clarifies the causal … and time effects. The empirical part analyzes the distribution of life satisfaction over the life course at the aggregated …, subgroup and individual level. To the findings: On average, life satisfaction is mildly decreasing up to age fifty …
Persistent link: https://www.econbiz.de/10010316897
This paper investigates the relationship between income satisfaction of adult children and their relative economic … children appear to compare their actual economic status with that of their parents, deriving large satisfaction gains from an …
Persistent link: https://www.econbiz.de/10010315482
SNP time in HJ have, on average, a slightly higher level of both life satisfaction and other domain satisfactions … (especially satisfaction with family and friends) than the other Jammers. They also have a few sociodemographic characteristics … have a relatively high level of satisfaction with their life in general and with their family and friends, in particular …
Persistent link: https://www.econbiz.de/10012654450
This paper develops a model of an economy with clubs where individuals may belong to multiple clubs and where there may be ever increasing returns to club size. Clubs may be large, as large as the total agent set. The main condition required is that sufficient wealth can compensate for...
Persistent link: https://www.econbiz.de/10010289031
The characteristics of endogenously determined sharing rules and the group-size paradox are studied in a model of group contest with the following features: (i) The prize has mixed privatepublic good characteristics. (ii) Groups can differ in marginal cost of effort and their membership size....
Persistent link: https://www.econbiz.de/10010335975
In a recent book and earlier studies, Donald Saari well clarifies the source of three classical impossibility theorems in social choice and proposes possible escape out of these negative results. The objective of this note is to illustrate the relevance of these explanations in justifying the...
Persistent link: https://www.econbiz.de/10010335990
A competitive rent-seeking club (CRSC) offers its members the chance of winning a prize (status, position, privilege) by being selected, typically, by a civil servant or a politician. The selector replaces in our setting the usual contest success function; instead of determining the winner on...
Persistent link: https://www.econbiz.de/10010335991
Global warming caused by accumulation of emissions of greenhouse gases (GHGs) is a public bad, addressing which requires collective action by all the countries of the world. Under the United Nations Convention on Climate Change (UNFCCC), most countries have negotiated the Kyoto Protocol for GHG...
Persistent link: https://www.econbiz.de/10011807664
understanding the principles of groups’ formation, development and growth. We use economic theory to explain the creation and … development of fundamentalist groups. In this paper we develop a theory of fundamentalism and terrorism under which leaders …
Persistent link: https://www.econbiz.de/10010318337