Results 1 - 10 of 16,081

Satisfaction and Comparison Income

by Andrew Clark, Andrew Oswald - Journal of Public Economics , 1995
"... This paper is an attempt to test the hypothesis that utility depends on income relative to a 'comparison' or reference level. Using data on 5,000 British workers, it provides two findings. First, workers' reported satisfaction levels are shown to be inversely related to their comparis ..."
Abstract - Cited by 636 (54 self) - Add to MetaCart
This paper is an attempt to test the hypothesis that utility depends on income relative to a 'comparison' or reference level. Using data on 5,000 British workers, it provides two findings. First, workers' reported satisfaction levels are shown to be inversely related

Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development

by Dani Rodrik, Arvind Subramanian, Francesco Trebbi - FREE UNIVERSITY OF BERLIN , 2004
"... We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instrumental variables for institutions and trade. Our results indicate that the quality of institutions “trumps” everything else. Once institutions ..."
Abstract - Cited by 817 (28 self) - Add to MetaCart
We estimate the respective contributions of institutions, geography, and trade in determining income levels around the world, using recently developed instrumental variables for institutions and trade. Our results indicate that the quality of institutions “trumps” everything else. Once institutions

A New Data Set Measuring Income Inequality

by Klaus Deininger, Lyn Squire - World Bank Economic Review , 1996
"... The following article is the first in an occasional series introducing new data bases. The series intends to make new development data bases more widely available and to contribute to discussion and further research on economic development issues. The data bases included in the series are selected f ..."
Abstract - Cited by 439 (1 self) - Add to MetaCart
for their potential usefulness for research and policy analysis on critical issues in developing and transition economies. Some are drawn from micro-level firm or household surveys; others contain country-level data. The authors describe the data contents, criteria for inclusion or exclusion of values, sources

Job Creation and Destruction

by J. C. Haltiwanger, S. Schuh , 1996
"... With unemployment at historically high levels in many OECD countries, increased job creation has risen to the top of the policy agenda for many western governments-but how can this be achieved? The importance of job creation (and destruction) in an economy cannot be overstated. Labour is organized a ..."
Abstract - Cited by 909 (68 self) - Add to MetaCart
With unemployment at historically high levels in many OECD countries, increased job creation has risen to the top of the policy agenda for many western governments-but how can this be achieved? The importance of job creation (and destruction) in an economy cannot be overstated. Labour is organized

Financial Dependence and Growth

by Raghuram G. Rajan, Luigi Zingales - American Economic Review , 1998
"... This paper examines whether nancial development facilitates economic growth by scrutinizing one rationale for such a relationship; that nancial development reduces the costs of external nance to rms. Speci cally, we ask whether industrial sectors that are relatively more in need of external nance de ..."
Abstract - Cited by 1086 (26 self) - Add to MetaCart
as far back as Joseph A. Schumpeter (1911), emphasizes the positive in uence of the development of a country's nancial sector on the level and the rate of growth of its per capita income. The argument essentially is that the services the nancial sector provides { of reallocating capital

National debt in a neoclassical growth model.'

by Peter A Diamond - American Economic Review,
"... This paper contains a model designed to serve two purposes, to examine long-run competitive equilibrium in a growth model and then to explore the effects on this equilibrium of government debt. Samuelson [8] has examined the determination of interest rates in a singlecommodity world without durable ..."
Abstract - Cited by 698 (0 self) - Add to MetaCart
living in long-run equilibrium. Surprisingly, internal debt is seen to cause an even larger decline in this utility level. External debt has two effects in the long run, both arising from the taxes needed to finance the interest payments. The taxes directly reduce available lifetime consumption

Labor supply response to the earned income tax credit. The Quarterly

by Nada Eissa, Jeffrey, B. Liebman - Journal of Economics , 1996
"... This paper examines the impact of the Tax Reform Act of 1986 (TRA86), which included an expansion of the earned income tax credit, on the labor force participation and hours of work of single women with children. We identify the impact of TRA86 by comparing the change in labor supply of single women ..."
Abstract - Cited by 396 (12 self) - Add to MetaCart
stamps, medicaid, and housing assistance. Because the maximum level of benefits is received by families with no income

Neighbors as Negatives: Relative Earnings and Well-Being

by Erzo F. P. Luttmer - Quarterly Journal of Economics , 2005
"... This paper investigates whether individuals feel worse off when others around them earn more. In other words, do people care about relative position, and does “lagging behind the Joneses ” diminish well-being? To answer this question, I match individual-level data containing various indicators of we ..."
Abstract - Cited by 426 (7 self) - Add to MetaCart
of well-being to information about local average earnings. I find that, controlling for an individual’s own income, higher earnings of neighbors are associated with lower levels of self-reported happiness. The data’s panel nature and rich set of measures of well-being and behavior indicate

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
, and Southern Methodist University. The relation between stock and bond returns has been widely studied at the aggregate level (see, for example, Campbell and Ammer (1993), Keim and Stambaugh (1986), Fama and French (1989), and Fama and French (1993)). Recently, a few studies have investigated that relation

Growth Is Good for the Poor

by David Dollar, Aart Kraay - Journal of Economic Growth , 2000
"... Average incomes of the poorest fifth of society rise proportionately with average incomes. This is a consequence of the strong empirical regularity that the share of income accruing to the bottom quintile does not vary systematically with average income. In this paper we document this empirical regu ..."
Abstract - Cited by 376 (4 self) - Add to MetaCart
regularity in a large sample of 92 countries spanning the past four decades, and show that it holds across regions, time periods, income levels, and growth rates. We next ask whether the factors that explain cross-country differences in growth rates of average incomes have differential effects on the poorest
Results 1 - 10 of 16,081