Similar Search Results

Tastes, castes, and culture: The influence of society on preferences

Fehr, Ernst; Hoff, Karla - 2011

Economists have traditionally treated preferences as exogenously given. Preferences are assumed to be influenced by neither beliefs nor the constraints people face. As a consequence, changes in behaviour are explained exclusively in terms of changes in the set of feasible alternatives. Here we...

Persistent link: https://www.econbiz.de/10010316875

Large effects of small cues: Priming selfish economic decisions

Snir, Avichai; Levy, Dudi; Wang, Dian; Chen, Haipeng; … - 2024

Many experimental studies report that economics students tend to act more selfishly than students of other disciplines, a finding that received widespread public and professional attention. Two main explanations that the existing literature offers for the differences found in the behavior...

Persistent link: https://www.econbiz.de/10014577216

Has the time for a European job guarantee policy arrived?

Antonopoulos, Rania - 2023

As country after country in the European Union is called to respond to the current challenge of our time - high inflation and declining real wages - governments must engage in a transformative agenda and go beyond emergency energy vouchers and income support cashtransfers. And if the goal is to...

Persistent link: https://www.econbiz.de/10014474497

Distributional impact of the American Recovery and Reinvestment Act: a microsimulation approach

Zacharias, Ajit; Masterson, Thomas; Kim, Kijong - 2009

Over the last two decades, those at the bottom of the income scale have seen their incomes stagnate, while those at the top have seen theirs skyrocket. Without intervention, the recession that began in December 2007 was likely to exacerbate this trend. Will the American Recovery and Reinvestment...

Persistent link: https://www.econbiz.de/10010266588

On the evaluation of economic mobility

Gottschalk, Peter; Spolaore, Enrico - 2001

This paper presents a framework for the evaluation and measurement of reversal and origin independence as separate aspects of economic mobility. We show how that evaluation depends on aversion to multi-period inequality, aversion to inter-temporal fluctuations, and aversion to future risk. We...

Persistent link: https://www.econbiz.de/10010318916

Inequality, democracy, institutional quality, and fiscal redistribution

Chong, Alberto; Gradstein, Mark - 2007

This paper studies the joint effect of economic and political inequalities on redistributive taxation and institutional quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases redistribution and lowers institutional quality. The...

Persistent link: https://www.econbiz.de/10010278272

A meme for money

Wray, L. Randall - 2012

shows that the Modern Money Theory approach is particularly useful as a starting point for framing that emphasizes use of …

Persistent link: https://www.econbiz.de/10010318635

Individual Irrationality and Aggregate Outcomes

Fehr, Ernst; Tyran, Jean-Robert - Institut für Schweizerisches Bankwesen <Zürich> - 2005

There is abundant evidence that many individuals violate the rationality assumptions routinely made in economics …. However, powerful evidence also indicates that violations of individual rationality do not necessarily refute the aggregate … predictions of standard economic models that assume full rationality of all agents. Thus, a key question is how the interactions …

Persistent link: https://www.econbiz.de/10005858769

Driving Forces of Informal Sanctions

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - 2001

This paper examines the determinants of informal sanctions by a large number of experiments.

Persistent link: https://www.econbiz.de/10005846433

The conflictive relationship between satisfaction and income

Lora, Eduardo; Chaparro, Juan Camilo - 2008

This paper makes use of the 2006 Gallup World Survey, which includes opinions on satisfaction with various aspects of life in 130 countries. Although a very solid relationship is found between satisfaction and income (both across and within countries), raising doubts regarding the well-known...

Persistent link: https://www.econbiz.de/10010278209