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. Nevertheless, little is known about this phenomenon. I analyze the sharing of income among household partners from a welfare … satisfaction within couples are generally small. However, satisfaction is not a direct measure of welfare. Forthis reason …
Persistent link: https://www.econbiz.de/10009154498
implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the …
Persistent link: https://www.econbiz.de/10010516605
The paper studies the relationship between inequality and economic growth. This is done in a two sector model of endogenous growth with agents characterized by heterogeneity of factor endowments. The private sector consists of a large number of competitive firms who produce the only final good...
Persistent link: https://www.econbiz.de/10010519047
effects on economic inequality and welfare. For that purpose we built a general equilibrium heterogeneous-agent model capable … wealth. The results show a quite impressive positive welfare gain despite significant transition costs. The simulations point … economy evolves to its final steady state equilibrium. Overall, the welfare gains are slightly biased towards wealthier …
Persistent link: https://www.econbiz.de/10011417950
In contrast to previous results combining all ages, we find positive effects of comparison income on happiness for the under 45s and negative effects for those over 45. In the UK, these coefficients are several times the magnitude of own income effects. In West Germany, they cancel out to give...
Persistent link: https://www.econbiz.de/10010533126
variables over the period 1970 to 2013. For the baseline simulation, the welfare gain for capital owners is 3.7% of per …-period consumption while workers suffer a welfare loss of 1.4%. Using counterfactual simulations, we find that both groups could have …
Persistent link: https://www.econbiz.de/10011343080
In this paper, the concept of Income Satisfaction Inequality is operationalized on the basis of individual responses to an Income Satisfaction question posed in the German Socio-Economic Panel (GSOEP). Income satisfaction is the subjective analogue of the objective income concept and includes...
Persistent link: https://www.econbiz.de/10011326418
, welfare and public sector pay changes over the 2008 to 2012 period gave rise to lower than average losses for the bottom …
Persistent link: https://www.econbiz.de/10009765520
Persistent link: https://www.econbiz.de/10009750395
In contrast to previous results combining all ages we find positive effects of comparison income on happiness for the under 45s, and negative effects for those over 45. In the BHPS these coefficients are several times the magnitude of own income effects. In GSOEP they cancel to give no effect of...
Persistent link: https://www.econbiz.de/10009756035