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作者：Clark, A; Etilé, F; Postel-Vinay, F; Senik, C; Van der Straeten, K
作者单位：Centre National de la Recherche Scientifique (CNRS); Centre National de la Recherche Scientifique (CNRS); INRAE; Institut Polytechnique de Paris; ENSAE Paris; INRAE; Universite Paris Cite; Institut Polytechnique de Paris; Ecole Polytechnique
摘要：This paper models the relationship between income and reported well-being using latent class techniques applied to panel data from twelve European countries. Introducing both intercept and slope heterogeneity into this relationship, we strongly reject the hypothesis that individuals transform income into well-being in the same way. We show that both individual characteristics and country of residence are strong predictors of the four classes we identify. We expect that differences in the margi...
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作者：Buiter, WH
作者单位：University of Amsterdam; European Bank of Reconstructon & Development; European Bank of Reconstructon & Development; University of Amsterdam
摘要：Monetary theory and policy are part of intertemporal public finance. The two ghosts are the liquidity trap and the real balance effect. The eccentricities are negative nominal interest rates and the helicopter drop of money. The fallacy is the Fiscal Theory of the Price Level, a logically inconsistent theory of the link between the government's intertemporal budget constraint and the general price level. The mirage is the prediction that financial deregulation and technical change in the payme...
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作者：Pezzini, S
作者单位：University of London; London School Economics & Political Science; University of Namur
摘要：This paper explores whether the welfare of women increased following the extension of women's rights between 1960s and 1990s. Using individual level data on life satisfaction and focusing on changes in birth control rights in twelve European countries, it shows that the extension of both abortion rights and the pill is strongly linked to an increase in life satisfaction of women of childbearing age. Birth control rights also increased women's investment in education, probability of working and...
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作者：Banks, J; Disney, R; Duncan, A; Van Reenen, J
作者单位：University of London; University College London; University of Nottingham; University of London; London School Economics & Political Science
摘要：With increasing globalisation of knowledge, there are increased opportunities to 'learn' from the experience of policy interventions elsewhere. This paper presents evidence on the extent of international convergence in public policy, with particular focus on labour, welfare, savings and retirement policy. Questions addressed in this framework include: to what extent is policy diffusion or convergence a real and relevant phenomenon? What role have economists played in the transfer of policy acr...
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作者：Muellbauer, J
作者单位：University of Oxford
摘要：This paper analyses the roles of property and land values in the UK economy and considers property tax reform with the objectives of improving macro-economic stability, resource allocation, economic inequality and the environment. With UK house prices at all-time peaks relative to incomes, concerns about affordability and the distributional consequences have increased. The Barker Review for the UK Treasury of new housing supply reported in 2004 and recommended extensive reforms of the land use...
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作者：Bateman, I; Munro, A
作者单位：University of East Anglia; University of Western Australia
摘要：A host of experiments have examined theories of risky choice using individuals. However, many important economic decisions are taken within multi-adult households. This paper reports on the first economic experiment designed to test theories of household choice. We use established couples and face them individually and jointly with decisions involving monetary payoffs. We find that joint choices typically are more risk averse than those made by individuals. Meanwhile, choices made by couples e...
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作者：Corrado, L; Martin, R; Weeks, M
作者单位：University of Rome Tor Vergata; University of Cambridge
摘要：In this paper we test for regional convergence clusters across the EU. We utilise a methodology that allows for the endogenous selection of regional clusters using a multivariate test for stationarity, where the number and composition of clusters are determined by the application of pairwise tests of regional differences in per capita output over time. To interpret the composition of the resulting convergence clusters, the latter are tested against a number of possible groupings suggested by r...
