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What Can Economists Learn from Happiness Research?

by Bruno S. Frey, Alois Stutzer - FORTHCOMING IN JOURNAL OF ECONOMIC LITERATURE , 2002
"... Happiness is generally considered to be an ultimate goal in life; virtually everybody wants to be happy. The United States Declaration of Independence of 1776 takes it as a self-evident truth that the “pursuit of happiness” is an “unalienable right”, comparable to life and liberty. It follows that e ..."
Abstract - Cited by 545 (24 self) - Add to MetaCart
that economics is – or should be – about individual happiness. In particular, the question is how do economic growth, unemployment and inflation, as well as institutional factors such as good governance, affect individual well-being? In addition to this intrinsic interest, there are three major reasons

Motivation through the Design of Work: Test of a Theory. Organizational Behavior and Human Performance,

by ] Richard Hackman , Grec R Oldham , 1976
"... A model is proposed that specifies the conditions under which individuals will become internally motivated to perform effectively on their jobs. The model focuses on the interaction among three classes of variables: (a) the psychological states of employees that must be present for internally motiv ..."
Abstract - Cited by 622 (2 self) - Add to MetaCart
increasingly prominent as a strategy for attempting to improve simultaneously the productivity and the quality of the work experience of employees in contemporary organizations. Although the benefits of work redesign (or "job enrichment" or "job enlargement") are widely touted

The Determinants of Credit Spread Changes.

by Pierre Collin-Dufresne , Robert S Goldstein , J Spencer Martin , Gurdip Bakshi , Greg Bauer , Dave Brown , Francesca Carrieri , Peter Christoffersen , Susan Christoffersen , Greg Duffee , Darrell Duffie , Vihang Errunza , Gifford Fong , Mike Gallmeyer , Laurent Gauthier , Rick Green , John Griffin , Jean Helwege , Kris Jacobs , Chris Jones , Andrew Karolyi , Dilip Madan , David Mauer , Erwan Morellec , Federico Nardari , N R Prabhala , Tony Sanders , Sergei Sarkissian , Bill Schwert , Ken Singleton , Chester Spatt , René Stulz - Journal of Finance , 2001
"... ABSTRACT Using dealer's quotes and transactions prices on straight industrial bonds, we investigate the determinants of credit spread changes. Variables that should in theory determine credit spread changes have rather limited explanatory power. Further, the residuals from this regression are ..."
Abstract - Cited by 422 (2 self) - Add to MetaCart
are highly crosscorrelated, and principal components analysis implies they are mostly driven by a single common factor. Although we consider several macro-economic and financial variables as candidate proxies, we cannot explain this common systematic component. Our results suggest that monthly credit spread

Economic Shocks and Civil Conflict: An Instrumental Variables Approach

by Edward Miguel, Shanker Satyanath, Ernest Sergenti - Journal of Political Economy , 2004
"... Estimating the impact of economic conditions on the likelihood of civil conflict is difficult because of endogeneity and omitted variable bias. We use rainfall variation as an instrumental variable for economic growth in 41 African countries during 1981–99. Growth is strongly negatively related to c ..."
Abstract - Cited by 353 (13 self) - Add to MetaCart
Estimating the impact of economic conditions on the likelihood of civil conflict is difficult because of endogeneity and omitted variable bias. We use rainfall variation as an instrumental variable for economic growth in 41 African countries during 1981–99. Growth is strongly negatively related

The stages of economic growth.

by W W Rostow - Economic History Review , 2nd series 12, , 1959
"... JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about J ..."
Abstract - Cited by 297 (0 self) - Add to MetaCart
JSTOR, please contact support@jstor.org. economic history. The form of this generalization is a set of stages of growth, which can be designated as follows: the traditional society; the preconditions for take-off; the take-off; the drive to maturity; the age of high mass consumption. Beyond the age

Should we trust Web-based studies? A comparative analysis of six preconceptions about Internet questionnaires

by Samuel D. Gosling, Simine Vazire, Sanjay Srivastava, Oliver P. John - American Psychologist , 2004
"... The rapid growth of the Internet provides a wealth of new research opportunities for psychologists. Internet data collection methods, with a focus on self-report questionnaires from self-selected samples, are evaluated and compared with traditional paper-and-pencil methods. Six preconceptions about ..."
Abstract - Cited by 339 (11 self) - Add to MetaCart
The rapid growth of the Internet provides a wealth of new research opportunities for psychologists. Internet data collection methods, with a focus on self-report questionnaires from self-selected samples, are evaluated and compared with traditional paper-and-pencil methods. Six preconceptions about

International Technology Diffusion

by Wolfgang Keller , 2001
"... I discuss the concept and empirical importance of intemational technology diffusion from the point of view of recent work on endogenous technological change. In this literature, technologyis viewed as technological knowledge. I first review the maj or concepts, and how intemational technology diff ..."
Abstract - Cited by 319 (1 self) - Add to MetaCart
diffusion relates to other factors affecting economic growth in open economies. The following main section of the paper provides a review of recent empirical results on (i) basic results in intemational technology diffusion; (ii) the importance of specific channels of diffusion, in particular trade

Can Labor Regulation Hinder Economic Performance? Evidence from

by Timothy Besley, Robin Burgess - India”, CEPR Discussion Paper 3260 , 2002
"... This paper investigates whether the industrial relations climate in Indian states has affected the pattern of manufacturing growth in the period 1958-92. We show that states which ammended the Industrial Disputes Act in a pro-worker direction experienced lowered output, employment, investment and pr ..."
Abstract - Cited by 290 (8 self) - Add to MetaCart
This paper investigates whether the industrial relations climate in Indian states has affected the pattern of manufacturing growth in the period 1958-92. We show that states which ammended the Industrial Disputes Act in a pro-worker direction experienced lowered output, employment, investment

Geography and economic development

by John Luke Gallup, Jeffrey D. Sachs, Andrew D. Mellinger - World Bank, Washington DC , 1999
"... Location and climate have large effects on income levels and income growth through their effects on transport costs, disease burdens, and agricultural productivity, among other channels. Geog-raphy also seems to affect economic policy choices. Many geographic regions that have not been conducive to ..."
Abstract - Cited by 260 (8 self) - Add to MetaCart
Location and climate have large effects on income levels and income growth through their effects on transport costs, disease burdens, and agricultural productivity, among other channels. Geog-raphy also seems to affect economic policy choices. Many geographic regions that have not been conducive

Who trusts others?

by Alberto Alesina, Eliana La Ferrara , 2002
"... Both individual experiences and community characteristics influence how much people trust each other. Using individual level data drawn from US localities we find that the strongest factors associated with low trust are: (i) a recent history of traumatic experiences; (ii) belonging to a group that h ..."
Abstract - Cited by 297 (8 self) - Add to MetaCart
that historically felt discriminated against, such as minorities (blacks in particular) and, to a lesser extent, women; (iii) being economically unsuccessful in terms of income and education; (iv) living in a racially mixed community and/or in one with a high degree of income disparity. Religious beliefs and ethnic
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