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Relative deprivation as a cause of risky behaviors
Stark, Oded - 2019
Combining a standard measure of concern about low relative wealth and a standard measure of relative risk aversion … leads to a novel explanation of variation in risk-taking behavior identified and documented by social psychologists and … individual’s relative risk aversion decreases when he becomes more relatively deprived as a result of an increase in the average …
Persistent link: https://www.econbiz.de/10012136176
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Relative deprivation as a cause of risky behaviors
Stark, Oded - 2019
We estimate the long-term effects of start-up subsidies (SUS) for the unemployed on subjective outcome indicators of well-being, as measured by the participants' satisfaction in different domains. This extends previous analyses of the current German SUS program ("Gründungszuschuss") that...
Persistent link: https://www.econbiz.de/10012136864
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Relative deprivation as a cause of risky behaviors
Stark, Oded - 2019
Combining a standard measure of concern about low relative wealth and a standard measure of relative risk aversion … leads to a novel explanation of variation in risk-taking behavior identified and documented by social psychologists and … individual's relative risk aversion decreases when he becomes more relatively deprived as a result of an increase in the average …
Persistent link: https://www.econbiz.de/10012131590
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Externalities, human capital formation, and corrective migration policy
Stark, Oded; Wang, Yong - 1999
Persistent link: https://www.econbiz.de/10001413320
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An Adverse Social Welfare Effect of a Doubly Gainful Trade
Stark, Oded - 2018
Acknowledging individuals' distaste for low relative income renders trade less appealing when trade is viewed as a technology that integrates economies by merging separate social spheres into one. We define a “trembling trade” as a situation in which gains from trade are overtaken by losses...
Persistent link: https://www.econbiz.de/10012917980
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A social-psychological reconstruction of Amartya Sen's measures of inequality and social welfare
Stark, Oded; Budziński, Wiktor - 2021
The Gini coefficient features prominently in Amartya Sen’s 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from social-psychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We...
Persistent link: https://www.econbiz.de/10012625212
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A social-psychological reconstruction of Amartya Sen's measures of inequality and social welfare
Stark, Oded; Budziński, Wiktor - 2021
The Gini coefficient features prominently in Amartya Sen's 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from social-psychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We...
Persistent link: https://www.econbiz.de/10012626151
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A Social-Psychological Reconstruction of Amartya Sen’s Measures of Inequality and Social Welfare
Stark, Oded; Budzinski, Wiktor - 2021
The Gini coefficient features prominently in Amartya Sen’s 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from social-psychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We...
Persistent link: https://www.econbiz.de/10013212497
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A social-psychological reconstruction of Amartya Sen's measures of inequality and social welfare
Stark, Oded; Budziński, Wiktor - 2021
The Gini coefficient features prominently in Amartya Sen's 1973 and 1997 seminal work on income inequality and social welfare. We construct the Gini coefficient from socialpsychological building blocks, reformulating it as a ratio between a measure of social stress and aggregate income. We...
Persistent link: https://www.econbiz.de/10012648303
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Turning relative deprivation into a performance incentive device
Stark, Oded; Kosiorowski, Grzegorz - 2021
The inclination of individuals to improve their performance when it lags behind that of others with whom they naturally compare themselves can be harnessed to optimize the individuals' effort in work and study. In a given set of individuals, we characterize each individual by his relative...
Persistent link: https://www.econbiz.de/10012419100