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Displaying results 1 to 25 of 32.

  1. Recreational value of the Baltic Sea
    a spatially explicit site choice model accounting for environmental conditions
    Published: 2018
    Publisher:  University of Warsaw, Faculty of Economic Sciences, Warsaw

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    VS 427 (270)
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    Series: Working papers / Faculty of Economic Sciences, University of Warsaw ; no. 2018, 11 = 270
    Subjects: Tourismusregion; Küstenregion; Bewertung; Umweltbewertung; Ostsee; Baltische Staaten; Finnland; Dänemark; Schweden; Deutschland; Polen
    Scope: 1 Online-Ressource (circa 24 Seiten), Illustrationen
  2. Impact of beliefs about negative effects of wind turbines on preference heterogeneity regarding renewable energy development in Poland
    Published: 2018
    Publisher:  University of Warsaw, Faculty of Economic Sciences, Warsaw

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 427 (278)
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    Series: Working papers / Faculty of Economic Sciences, University of Warsaw ; no. 2018, 19 = 278
    Subjects: Konsumentenpräferenzen; Offenbarte Präferenzen; Erneuerbare Energie; Windenergie; Experiment; Polen
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  3. The pure effect of social preferences on regional location choices
    the evolving dynamics of convergence to a steady state population distribution
    Published: May 2019
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    This paper tracks the consequences of individuals' desire to align their location with their social preferences. The social preference studied in the paper is distaste for relative deprivation, measured in a cardinal manner. Location is conceived as... more

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    This paper tracks the consequences of individuals' desire to align their location with their social preferences. The social preference studied in the paper is distaste for relative deprivation, measured in a cardinal manner. Location is conceived as social space, with individuals choosing to relocate if, as a result, their relative deprivation will be reduced, holding their incomes constant. Conditions are provided under which the associated dynamics reaches a spatial steady state, the number of periods it takes to reach a steady state is specified, and light is shed on the robustness of the steady state outcome. By way of simulation it is shown that for large populations, a steady state of the relocation dynamics is almost always reached, typically in one period, and that cycles are more likely to occur when the populations' income distributions are more equal.

     

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    Language: English
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    Format: Online
    Other identifier:
    hdl: 10419/196828
    Series: Discussion paper series / IZA ; no. 12331
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  4. Switching queues, cultural conventions, and social welfare
    Published: May 2019
    Publisher:  Eberhard Karls Universität Tübingen, Tübingen

    We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in order to speed up the process, consider switching to another queue. We look at two regimes that govern the possible order in which the individuals stand should they switch to the other queue: a regime in which cultural convention, social norms, and basic notions of fairness require that the order in the initial queue is preserved, and a regime without such cultural inhibitions, in which case the order in the other queue is random, with each configuration or sequence being equally likely. We seek to find out whether in these two regimes the aggregate of the behaviors of self-interested individuals adds up to the social optimum defined as the shortest possible total waiting time. To do this, we draw on a Nash Equilibrium setting. We find that in the case of the preserved order, the equilibrium outcomes are always socially optimal. However, in the case of the random order, unless the number of individuals is small, the equilibrium outcomes are not socially optimal.

     

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    Language: English
    Media type: Book
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    hdl: 10419/200258
    Series: University of Tübingen working papers in economics and finance ; no. 120
    Scope: 1 Online-Ressource (circa 29 Seiten)
  5. Switching queues, cultural conventions, and social welfare
    Published: May 2019
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4
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    We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in order to speed up the process, consider switching to another queue. We look at two regimes that govern the possible order in which the individuals stand should they switch to the other queue: a regime in which cultural convention, social norms, and basic notions of fairness require that the order in the initial queue is preserved, and a regime without such cultural inhibitions, in which case the order in the other queue is random, with each configuration or sequence being equally likely. We seek to find out whether in these two regimes the aggregate of the behaviors of self-interested individuals adds up to the social optimum defined as the shortest possible total waiting time. To do this, we draw on a Nash Equilibrium setting. We find that in the case of the preserved order, the equilibrium outcomes are always socially optimal. However, in the case of the random order, unless the number of individuals is small, the equilibrium outcomes are not socially optimal.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/202707
    Series: Discussion paper series / IZA ; no. 12361
    Scope: 1 Online-Ressource (circa 29 Seiten)
  6. Pure rank preferences and variation in risk-taking behavior
    Published: September 2019
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Assuming that an individual's rank in the wealth distribution is the only factor determining the individual's wellbeing, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual’s risk preferences... more

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    Assuming that an individual's rank in the wealth distribution is the only factor determining the individual's wellbeing, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual’s risk preferences towards gaining or losing absolute wealth. We show that in this characterization of preferences, a high-ranked individual is more willing than a low-ranked individual to take risks that can provide him with a rise in rank: relative risk aversion with respect to rank in the wealth distribution is a decreasing function of rank. This result is robust to incorporating (the level of) absolute wealth in the individual's utility function.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/207462
    Series: Discussion paper series / IZA ; no. 12637
    Scope: 1 Online-Ressource (circa 11 Seiten)
  7. Repercussions of negatively selective migration for the behavior of nonmigrants when preferences are social
    Published: April 2019
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We study how the work effort and output of non-migrants in a village economy are affected when a member of the village population migrates. Given that individuals dislike low relative income, and that migration modifies the social space of the... more

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    DS 4
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    We study how the work effort and output of non-migrants in a village economy are affected when a member of the village population migrates. Given that individuals dislike low relative income, and that migration modifies the social space of the non-migrants, we show why and how the non-migrants adjust their work effort and output in response to the migration-generated change in their social space. When migration is negatively selective such that the least productive individual departs, the output of the non-migrants increases. While as a consequence of this migration statically calculated average productivity rises, we identify a dynamic repercussion that compounds the static one.

     

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    Language: English
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    Format: Online
    Other identifier:
    hdl: 10419/196781
    Series: Discussion paper series / IZA ; no. 12283
    Scope: 1 Online-Ressource (circa 30 Seiten)
  8. Repercussions of negatively selective migration for the behavior of non-migrants when preferences are social
    Published: April 2019
    Publisher:  Center for Development Research, University of Bonn, Bonn

    We study how the work effort and output of non-migrants in a village economy are affected when a member of the village population migrates. Given that individuals dislike low relative income, and that migration modifies the social space of the... more

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    We study how the work effort and output of non-migrants in a village economy are affected when a member of the village population migrates. Given that individuals dislike low relative income, and that migration modifies the social space of the non-migrants, we show why and how the non-migrants adjust their work effort and output in response to the migration-generated change in their social space. When migration is negatively selective such that the least productive individual departs, the output of the non-migrants increases. While as a consequence of this migration statically calculated average productivity rises, we identify a dynamic repercussion that compounds the static one.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/204644
    Series: ZEF-discussion papers on development policy ; no. 275
    Scope: 1 Online-Ressource (circa 30 Seiten)
  9. Switching queues, cultural conventions, and social welfare
    Published: July 2019
    Publisher:  Center for Development Research, University of Bonn, Bonn

    We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in... more

    Access:
    Resolving-System (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    We use queuing-related behavior as an instrument for assessing the social appeal of alternative cultural norms. Specifically, we study the behavior of rational and sophisticated individuals who stand in a given queue waiting to be served, and who, in order to speed up the process, consider switching to another queue. We look at two regimes that govern the possible order in which the individuals stand should they switch to the other queue: a regime in which cultural convention, social norms, and basic notions of fairness require that the order in the initial queue is preserved, and a regime without such cultural inhibitions, in which case the order in the other queue is random, with each configuration or sequence being equally likely. We seek to find out whether in these two regimes the aggregate of the behaviors of self-interested individuals adds up to the social optimum defined as the shortest possible total waiting time. To do this, we draw on a Nash Equilibrium setting. We find that in the case of the preserved order, the equilibrium outcomes are always socially optimal. However, in the case of the random order, unless the number of individuals is small, the equilibrium outcomes are not socially optimal.

     

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    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/204646
    Series: ZEF-discussion papers on development policy ; no. 279
    Scope: 1 Online-Ressource (circa 29 Seiten)
  10. Pure rank preferences and variation in risk-taking behavior
    Published: September 2019
    Publisher:  Universitätsbibliothek Tübingen, Tübingen

    Assuming that an individual’s rank in the wealth distribution is the only factor determining the individual’s wellbeing, we analyze the individual’s risk preferences in relation to gaining or losing rank, rather than the individual’s risk preferences... more

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    Universitätsbibliothek der Eberhard Karls Universität
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    Assuming that an individual’s rank in the wealth distribution is the only factor determining the individual’s wellbeing, we analyze the individual’s risk preferences in relation to gaining or losing rank, rather than the individual’s risk preferences towards gaining or losing absolute wealth. We show that in this characterization of preferences, a high-ranked individual is more willing than a low-ranked individual to take risks that can provide him with a rise in rank: relative risk aversion with respect to rank in the wealth distribution is a decreasing function of rank. This result is robust to incorporating (the level of) absolute wealth in the individual’s utility function.

     

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    Language: English
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    Other identifier:
    hdl: 10900/92884
    hdl: 10419/204576
    Series: University of Tübingen Working Papers in Economics and Finance ; No. 123
    Subjects: Ranking
    Scope: 1 Online-Ressource (10 Seiten)
  11. Impact of social comparison on DSM in Poland
    Published: 2019
    Publisher:  University of Warsaw, Faculty of Economic Sciences, Warsaw

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 427
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working papers / Faculty of Economic Sciences, University of Warsaw ; no. 2019, 10 = 295
    Subjects: Energiekonsum; Elektrizität; Lastmanagement; Diskrete Entscheidung; Konsumentenpräferenzen; Energiepolitik; Polen
    Scope: 1 Online-Ressource (circa 37 Seiten)
  12. Pure rank preferences and variation in risk-taking behavior
    Published: November 2019
    Publisher:  Center for Development Research, University of Bonn, Bonn

    Assuming that an individual's rank in the wealth distribution is the only factor determining the individual's wellbeing, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual's risk preferences... more

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    Verlag (kostenfrei)
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Assuming that an individual's rank in the wealth distribution is the only factor determining the individual's wellbeing, we analyze the individual's risk preferences in relation to gaining or losing rank, rather than the individual's risk preferences towards gaining or losing absolute wealth. We show that in this characterization of preferences, a high-ranked individual is more willing than a low-ranked individual to take risks that can provide him with a rise in rank: relative risk aversion with respect to rank in the wealth distribution is a decreasing function of rank. This result is robust to incorporating (the level of) absolute wealth in the individual's utility function.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/213459
    Series: ZEF-discussion papers on development policy ; no. 283
    Scope: 1 Online-Ressource (circa 11 Seiten)
  13. Repercussions of negatively selective migration for the behavior of non-migrants when preferences are social
    Published: August 2019
    Publisher:  Korea Institute for International Economic Policy, Sejong-Si, Korea

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    VS 907
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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9788932242859; 9788932240268
    Series: Working paper / Korea Institute for International Economic Policy ; 19, 03
    Subjects: Social preferences; Distaste for low relative income; Work effort; Per capita output; Migration
    Scope: 1 Online-Ressource (circa 30 Seiten)
  14. On the optimal size of a joint savings association
    Published: May 2022
    Publisher:  Zentrum für Entwicklungsforschung (ZEF), Center for Development Research, Bonn

    We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating... more

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    We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating Savings and Credit Association (ROSCA). We measure the efficiency of a ROSCA by the expected waiting time that it takes a participant to attain his goal when no participant reneges on his commitment to contribute to the common fund, and when each of the participants receives (once) the funds needed to meet his goal. Given this criterion, we define the optimal size of a ROSCA as the number of participants that results in the minimal expected waiting time. We show that an optimal size of a ROSCA exists, that it is limited, and that it is a multiple of the number of time periods that it takes an individual to save on his own. Somewhat surprisingly, we find that when treated as a function of the size of a ROSCA, the expected waiting time is not monotonic when the size builds up from an individual saving on his own to the optimal size. A similar result obtains when we study cases where a ROSCA is enlarged beyond the optimal size. Our findings help explain the limited size as well as other features of ROSCAs observed in developing countries all over the world.

     

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    Language: English
    Media type: Book
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    hdl: 10419/268093
    Series: ZEF-discussion papers on development policy ; no. 317
    Subjects: Joint savings associations; A Rotating Savings and Credit Association (ROSCA); Minimal expected waiting time; Optimal size of a ROSCA; Limited size of a ROSCA
    Scope: 1 Online-Ressource (circa 31 Seiten)
  15. On the optimal size of a joint savings association
    Published: June 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 4
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    We develop a formula for the optimal size of a joint savings association between individuals who share the same financial goal and who can save towards that goal at the same rate. Our motivating example and the core of our analysis is a Rotating Savings and Credit Association (ROSCA). We measure the efficiency of a ROSCA by the expected waiting time that it takes a participant to attain his goal when no participant reneges on his commitment to contribute to the common fund, and when each of the participants receives (once) the funds needed to meet his goal. Given this criterion, we define the optimal size of a ROSCA as the number of participants that results in the minimal expected waiting time. We show that an optimal size of a ROSCA exists, that it is limited, and that it is a multiple of the number of time periods that it takes an individual to save on his own. Somewhat surprisingly, we find that when treated as a function of the size of a ROSCA, the expected waiting time is not monotonic when the size builds up from an individual saving on his own to the optimal size. A similar result obtains when we study cases where a ROSCA is enlarged beyond the optimal size. Our findings help explain the limited size as well as other features of ROSCAs observed in developing countries all over the world.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/263599
    Series: Discussion paper series / IZA ; no. 15383
    Subjects: joint savings associations; Rotating Savings and Credit Association (ROSCA); minimal expected waiting time; optimal size of a ROSCA; limited size of a ROSCA
    Scope: 1 Online-Ressource (circa 28 Seiten), Illustrationen
  16. The demand for gratitude as a restraint on the use of child labor
    a hypothesis
    Published: January 2022
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    We study a parent's demand for gratitude from his child. We view this demand as an intervening variable between the parent's earnings and the incidence of child labor. The demand for gratitude arises from the desire of a parent to receive care and... more

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    We study a parent's demand for gratitude from his child. We view this demand as an intervening variable between the parent's earnings and the incidence of child labor. The demand for gratitude arises from the desire of a parent to receive care and support from his child late in life, while the inclination of the child to provide this support during his adulthood is determined by how the child was treated by his parent during childhood. Specifically, we model the child's gratitude as an inverse function of the intensity of his labor in childhood. We show that when we keep the child's (imputed) wage constant, the intensity of child labor decreases with the parent's earnings. However, when we make the child's (imputed) wage a function of the parent's earnings, then the outcome can be different. With the help of a numerical example, we show that the pattern of child labor related to the parent's earnings can be U-shaped.

     

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    Other identifier:
    hdl: 10419/250711
    Series: Discussion paper series / IZA ; no. 15050
    Subjects: gratitude formation; the parent's demand for care and support late in life; child labor
    Scope: 1 Online-Ressource (circa 19 Seiten), Illustrationen
  17. A social-psychological reconstruction of Amartya Sen's measures of inequality and social welfare
    Published: September 2021
    Publisher:  Zentrum für Entwicklungsforschung (ZEF), Center for Development Research, Bonn

    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... more

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    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 determine when as a consequence of an income gain by an individual, an increase in the social stress measure dominates a concurrent increase in the aggregate income, such that the magnitude of the Gini coefficient increases. By integrating our approach to the construction of the Gini coefficient with Sen's social welfare function, we are able to endow the function with a social-psychological underpinning, showing that this function, too, is a composite of a measure of social stress and aggregate income. We reveal a dual role played by aggregate income as a booster of social welfare in Sen's social welfare function. Quite surprisingly, we find that a marginal increase of income for any individual, regardless of the position of the individual in the hierarchy of incomes, improves welfare as measured by Sen's social welfare function.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/251018
    Series: ZEF-discussion papers on development policy ; no. 311
    Subjects: Measuring inequality; A social-psychological approach to the construction of the Gini coefficient; Properties of the reconstructed Gini coefficient; Sen's social welfare function; Sen's social welfare function as a composite of a measure of social stress and aggregate income
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  18. A social-psychological reconstruction of Amartya Sen's measures of inequality and social welfare
    Published: October 2021
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    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... more

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    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 determine when as a consequence of an income gain by an individual, an increase in the social stress measure dominates a concurrent increase in the aggregate income, such that the magnitude of the Gini coefficient increases. By integrating our approach to the construction of the Gini coefficient with Sen's social welfare function, we are able to endow the function with a social-psychological underpinning, showing that this function, too, is a composite of a measure of social stress and aggregate income. We reveal a dual role played by aggregate income as a booster of social welfare in Sen's social welfare function. Quite surprisingly, we find that a marginal increase of income for any individual, regardless of the position of the individual in the hierarchy of incomes, improves welfare as measured by Sen's social welfare function.

     

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    Source: Union catalogues
    Language: English
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    Format: Online
    Other identifier:
    hdl: 10419/250422
    Series: Discussion paper series / IZA ; no. 14761
    Subjects: measuring inequality; a social-psychological approach to the construction of the Gini coefficient; properties of the reconstructed Gini coefficient; Sen's social welfare function; Sen's social welfare function as a composite of a measure of social stress and aggregate income
    Scope: 1 Online-Ressource (circa 29 Seiten)
  19. The demand for gratitude as a restraint on the use of child labor
    a hypothesis
    Published: December 2021
    Publisher:  Zentrum für Entwicklungsforschung (ZEF), Center for Development Research, Bonn, Germany

    We study a parent's demand for gratitude from his child. We view this demand as an intervening variable between the parent's earnings and the incidence of child labor. The demand for gratitude arises from the desire of a parent to receive care and... more

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    Verlag (kostenfrei)
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 48
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    We study a parent's demand for gratitude from his child. We view this demand as an intervening variable between the parent's earnings and the incidence of child labor. The demand for gratitude arises from the desire of a parent to receive care and support from his child late in life, while the inclination of the child to provide this support during his adulthood is determined by how the child was treated by his parent during childhood. Specifically, we model the child's gratitude as an inverse function of the intensity of his labor in childhood. We show that when we keep the child's (imputed) wage constant, the intensity of child labor decreases with the parent's earnings. However, when we make the child's (imputed) wage a function of the parent's earnings, then the outcome can be different. With the help of a numerical example, we show that the pattern of child labor related to the parent's earnings can be U-shaped.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/251020
    Series: ZEF-discussion papers on development policy ; no. 313
    Subjects: Gratitude formation; The parent's demand for care and support late in life; Child labor
    Scope: 1 Online-Ressource (circa 20 Seiten), Illustrationen
  20. The demand for gratitude as a restraint on the use of child labor
    a hypothesis
    Published: 2022
    Publisher:  Universitätsbibliothek Tübingen, Tübingen

    We study a parent’s demand for gratitude from his child. We view this demand as an intervening variable between the parent’s earnings and the incidence of child labor. The demand for gratitude arises from the desire of a parent to receive care and... more

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    We study a parent’s demand for gratitude from his child. We view this demand as an intervening variable between the parent’s earnings and the incidence of child labor. The demand for gratitude arises from the desire of a parent to receive care and support from his child late in life, while the inclination of the child to provide this support during his adulthood is determined by how the child was treated by his parent during childhood. Specifically, we model the child’s gratitude as an inverse function of the intensity of his labor in childhood. We show that when we keep the child’s (imputed) wage constant, the intensity of child labor decreases with the parent’s earnings. However, when we make the child’s (imputed) wage a function of the parent’s earnings, then the outcome can be different. With the help of a numerical example, we show that the pattern of child labor related to the parent’s earnings can be U-shaped.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10900/122896
    hdl: 10419/249272
    Series: University of Tübingen working papers in business and economics ; no. 153
    Subjects: Gratitude formation; The parent’s demand for care and support late in life; Child labor
    Scope: 1 Online-Ressource (16 Seiten)
  21. A social-psychological reconstruction of Amartya Sen's measures of inequality and social welfare
    Published: 2021
    Publisher:  Universitätsbibliothek Tübingen, Tübingen

    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... more

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    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 determine when as a consequence of an income gain by an individual, an increase in the social stress measure dominates a concurrent increase in the aggregate income, such that the magnitude of the Gini coefficient increases. By integrating our approach to the construction of the Gini coefficient with Sen’s social welfare function, we are able to endow the function with a social-psychological underpinning, showing that this function, too, is a composite of a measure of social stress and aggregate income. We reveal a dual role played by aggregate income as a booster of social welfare in Sen’s social welfare function. Quite surprisingly, we find that a marginal increase of income for any individual, regardless of the position of the individual in the hierarchy of incomes, improves welfare as measured by Sen’s social welfare function.

     

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    Format: Online
    Other identifier:
    hdl: 10900/119104
    hdl: 10419/243115
    Series: University of Tübingen working papers in business and economics ; no. 151
    Subjects: Wirtschaftswissenschaften; Measuring inequality; A social-psychological approach to the construction of the Gini coefficient; Properties of the reconstructed Gini coefficient; Sen's social welfare function; Sen's social welfare function as a composite of a measure of social stress and aggregate income
    Scope: 1 Online-Ressource (circa 29 Seiten)
  22. Valuing externalities of outdoor advertising in an urban setting
    the case of Warsaw
    Published: 2020
    Publisher:  University of Warsaw, Faculty of Economic Sciences, Warsaw

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    Series: Working papers / Faculty of Economic Sciences, University of Warsaw ; no. 2020, 1 = 307
    Scope: 1 Online-Ressource (circa 32 Seiten), Illustrationen
  23. Increasing the cost-effectiveness of water quality improvements through pollution abatement target-setting at different spatial scales

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    Series: Working papers / Faculty of Economic Sciences, University of Warsaw ; no. 2020, 2 = 308
    Scope: 1 Online-Ressource (circa 33 Seiten), Illustrationen
  24. Using geographically weighted choice models to account for spatial heterogeneity of preferences
    Published: 2016
    Publisher:  University of Warsaw, Faculty of Economic Sciences, Warsaw

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    Series: Working papers / Faculty of Economic Sciences, University of Warsaw ; no. 2016, 17 = 208
    Subjects: Soziale Wohlfahrtsfunktion; Räumliche Verteilung; Diskrete Entscheidung; Zahlungsbereitschaftsanalyse; Geoinformationssystem; Waldschutz; Forstwirtschaft; Polen
    Scope: 1 Online-Ressource (circa 40 Seiten), Illustrationen
  25. Ex- ante and ex-post measures to mitigate hypothetical bias: are they alternative or complementary tools to increase the reliability and validity of DCE estimates?
    Published: 2020
    Publisher:  University of Warsaw, Faculty of Economic Sciences, Warsaw

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    Series: Working papers / Faculty of Economic Sciences, University of Warsaw ; no. 2020, 20 = 326
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationenj