Now showing items 1-7 of 7

  • Age, Life-satisfaction, and Relative Income – Insights from the UK and Germany 

    FitzRoy, Felix; Nolan, Michael; Steinhardt, Max (University of St AndrewsUniversity of HullHamburg Institute of International Economics (HWWI), 2011-10)
    We first confirm previous results with the German Socio-Economic Panel by Layard et al. (2010), and obtain strong negative effects of comparison income. However, when we split the sample by age, we find quite different ...
  • Countercyclical Fiscal Policy and Cyclical Factor Utilization 

    Moldovan, Ioana (University of Glasgow, 2008)
    In a neoclassical growth model with monopolistic competition in the product market, the presence of cyclical factor utilization enhances the stabilization role of countercyclical taxes. The costs of varying capital ...
  • A Framework for Analyzing Language and Welfare 

    Melitz, Jacques (Heriot-Watt University, 2012-10)
    The paper proposes a general model that will encompass trade and social benefits of a common language, a preference for a variety of languages, the fundamental role of translators, an emotional attachment to maternal ...
  • A Framework for Analyzing Language and Welfare 

    Melitz, Jacques (Heriot-Watt University, 2013)
    The paper proposes a general model that will encompass trade and social benefits of a common language, a preference for a variety of languages, the fundamental role of translators, an emo-tional attachment to maternal ...
  • Subsidies as Optimal Fiscal Stimuli 

    Molana, Hassan; Montagna, Catia; Kwan, Chang Yee (University of Dundee, 2010)
    In the theoretical macroeconomics literature, fiscal policy is almost uniformly taken to mean taxing and spending by a ‘benevolent government’ that exploits the potential aggregate demand externalities inherent in the ...
  • Testing the Tunnel Effect: Comparison, Age and Happiness in UK and German Panels 

    FitzRoy, Felix; Nolan, Michael; Steinhardt, Max; Ulph, David (University of St Andrews, 2013)
    In contrast to previous results combining all ages we find positive effects of comparison income on happiness for the under 45s, and negative effects for those over 45. In the BHPS these coefficients are several times the ...
  • Work Hours, Social Value of Leisure and Globalisation 

    Hansen, Jørgen Drud; Nielsen, Jørgen Ulff-Møller; Molana, Hassan; Montagna, Catia (University of DundeeAarhus University, 2010)
    We examine how openness interacts with the coordination of consumption-leisure decisions in determining the equilibrium working hours and wage rate when there are leisure externalities (e.g., due to social interactions). ...

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