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Poor people often do not make investments, even when returns are high. One possible explanation is that they have low aspirations and form mental models which ignore some options for investment. This paper reports on findings of an innovative experiment to test this in rural Ethiopia. Firstly,...
Persistent link: https://www.econbiz.de/10010772264
Two experiments show that eliciting taxpayer preferences on government spending—providing taxpayer agency …-up rate of a questionable tax loophole. Providing taxpayer agency recouples tax payments with the public services obtained in … tax dues. With tax noncompliance costing the US government $385billion annually, providing taxpayer agency could have …
Persistent link: https://www.econbiz.de/10010777692
Abstract German (English abstract is added below) Arbeitslosigkeit gilt als eines der schwerwiegendsten gesellschaftlichen Probleme unserer Zeit. Doch welche Gründe liegen, trotz der über die Jahre eingeleiteten Maßnahmen zur Bekämpfung der Arbeitslosigkeit, für die anhaltende...
Persistent link: https://www.econbiz.de/10008622251
The worrying decline of social capital (Putnam, 2000) and the disappointing trends of subjective well-being (Easterlin, 1974) raise urgent questions for modern societies: is the erosion of social capital a general feature of western societies or is it rather a characteristic aspect of the...
Persistent link: https://www.econbiz.de/10008794673
Discovering whether social capital endowments in modern societies have been subjected or not to a process of gradual erosion is one of the most debated topics in recent economic literature. Inaugurated by Putnam’s pioneering studies, the debate on social capital trends has been recently...
Persistent link: https://www.econbiz.de/10008794674
Recent studies indicate a paradox: rising income has not led to increases in long-term levels of life satisfaction. Therefore, the hypothesis that citizens adapt to the growth of GDP is tested. This paper analyses empirically the relationship between a deviation in the trend of seasonally...
Persistent link: https://www.econbiz.de/10011119838
Much evidence suggests that people are concerned with their relative consumption, i.e., their consumption in relation to the consumption of others. Yet, the social costs of conspicuous consumption have so far played little (or no) role in savings-based indicators of sustainable development. The...
Persistent link: https://www.econbiz.de/10011074902
In this study we provide direct evidence on the relationship between social status and personality traits. Using survey data from the 2006-2012 waves of the HRS, we show that individuals’ self-perceived social status is associated with all the “Big Five” personality traits, after...
Persistent link: https://www.econbiz.de/10011098961
Recent years have seen a sharp increase in the use of subjective well-being data in environmental economics. This article discusses the conceptual underpinnings of using such data as a tool for preference elicitation and non-market valuation. Given the connection of those data to the notion of...
Persistent link: https://www.econbiz.de/10011099783
We investigate whether individuals feel happier when others around them are happier in broadly defined worker groups. This will be a formal test of spillovers in happiness. Answering this question requires a careful handling of the reflection problem, as it may not be possible to separate the...
Persistent link: https://www.econbiz.de/10011112646