Showing 1 - 10 of 115
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
the twentieth century were dominated by the international gold standard. But as a result of World War I, this system was … replaced by the troubled gold exchange standards of the 1920s and 1930s. As a result of World War II the interwar system was … replaced in turn by the Bretton Woods system. And as a result of inflation of the late 1960s, produced in part by America's war …
Persistent link: https://www.econbiz.de/10010282840
Vector autoregressions (VARs) are economically interpretable only when identified by being transformed into a structural form (the SVAR) in which the contemporaneous variables stand in a well-defined causal order. These identifying transformations are not unique. It is widely believed that...
Persistent link: https://www.econbiz.de/10010263234
This paper explores semi-monotonicity constraints in the distribution of potential outcomes, first, conditional on an instrument, and second, in terms of the response function. The imposed assumptions are strictly weaker than traditional instrumental variables assumptions and can be gainfully...
Persistent link: https://www.econbiz.de/10010315558
This paper analyzes the identifying power of weak convexity assumptions in treatment effect models with endogenous selection. The counterfactual distributions are constrained either in terms of the response function, or conditional on the realized treatment, and sharp bounds on the potential...
Persistent link: https://www.econbiz.de/10010315574
structural change. There is one-way causality from structural change to growth in the period 1988-2007, whereas there is no …
Persistent link: https://www.econbiz.de/10010287747
structural change. There is one-way causality from structural change to growth in the period 1988-2007, whereas there is no …
Persistent link: https://www.econbiz.de/10010288166
such empirical heterogeneity. Using a very large sample of world citizens we test the consistency of income inequality in … predicting life satisfaction. We find that income inequality has a negative and signifcant effect on life satisfaction. This …
Persistent link: https://www.econbiz.de/10010336043
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
A continuous and a discrete rating scale were implemented for a single item happiness question in a representative … superiority of the continuous scale. Results raise doubts about earlier inferences drawn on correlates of happiness. So far only … self-assessed discrete happiness data have been used for research into the determinants of happiness. However, distribution …
Persistent link: https://www.econbiz.de/10010316886