Results 191 to 200 of about 632,036 (253)
Epistocracy and the Commitment Problem
ABSTRACT The epistocracy debate has turned largely on the character of the electorate—what voters know, whether competence filters can be designed well, and what filtered selection produces. Another strand has focused on the legitimacy of epistocratic justifications. I ask instead about the equilibrium effects of the institution.
Simon Goldstein
wiley +1 more source
High Temperatures and Rural Household Expenditure: Evidence From Longitudinal Data in Colombia
ABSTRACT This paper examines the impact of rising temperature on rural household expenditure in Colombia by combining high‐resolution gridded weather data with a rich longitudinal household survey. Our results show that a one‐standard‐deviation increase in average daily temperature during the rainy months significantly reduces rural household ...
Cristhian D. Prieto +2 more
wiley +1 more source
Social welfare effects of annuitization in small open economies
Abstract This paper develops a theory of when annuitization improves or reduces social welfare. The analysis is based on a small open economy with exogenous prices, populated by overlapping generations of non‐altruistic agents. Annuities provide longevity risk insurance and above‐market returns, but also reduce accidental bequests that transfer ...
Tim D. Maurer
wiley +1 more source
Abstract We analyse the general equilibrium implications of introducing a universal basic income (UBI) for employment and income in an economy characterized by involuntary unemployment. Our framework allows tax revenues and workers' reservation wages to adjust endogenously with employment to satisfy the government's budget constraint.
Marta Aloi, Teresa Lloyd‐Braga
wiley +1 more source
Barriers and Bridges: The Trade, Productivity, and Welfare Effects of the Belt and Road Initiative
ABSTRACT This paper evaluates the impact of the Belt and Road Initiative (BRI) on trade, productivity, and welfare using a multi‐country, multi‐sector Ricardian model with input–output linkages. Gravity estimates reveal asymmetric trade effects: BRI participation increases imports from China in textiles, wood and paper, and electrical machinery, while ...
Shuangcen Li
wiley +1 more source
Bringing a Wider Socioecological Lens to the Psychology of Poverty
ABSTRACT Poverty is a persistent social issue that policymakers have turned to psychology for help in addressing. This has spurred an upswing in research on the psychology of poverty over the past 15 years, leading to a maturing evidence base on how the conditions of resource scarcity and other forms of socioeconomic adversity shape decision‐making and
Jennifer Sheehy‐Skeffington +4 more
wiley +1 more source
Real and Apparent Deviations From Rational Choice
ABSTRACT This paper offers a taxonomy of real and apparent deviations from rationality. The taxonomy is based on three axes of divides—whereas the axes are successive refinements. The outermost‐axis divide delineates “anxiety‐based choices” from “anxiety‐free choices.” Anxiety‐based choices are real deviations such as the Allais and Ellsberg paradoxes ...
Elias L. Khalil
wiley +1 more source
Intertemporal Preferences for Resource Allocation
Howitt, Richard +3 more
openaire +2 more sources
Multilateral Index Approaches in the Presence of Product‐Specific Price Trends and Data Gaps
ABSTRACT The prices of some products respond more strongly to changes in the general price level than others. This study explains why such product‐specific price level elasticities lead to biased time‐product‐dummy (TPD) estimates of price levels. Other popular multilateral index approaches such as the Gini‐Éltető‐Köves‐Szulc (GEKS) and Geary‐Khamis ...
Ludwig von Auer, Sebastian Weinand
wiley +1 more source
Time Preference in Decisions With Recurring Payoffs
ABSTRACT Time preference plays a central role in decision‐making, shaping how individuals value outcomes that occur at different points in time. While most research on time preference focuses on one‐off payoffs, many real‐world decisions generate recurring consequences that unfold continuously over time.
Pelin Gülüm +3 more
wiley +1 more source

