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Full-Text Articles in Social and Behavioral Sciences

The Effect Of Income On Subjective Well-Being: Evidence From The 2008 Economic Stimulus Tax Rebates, Marta Lachowska Oct 2015

The Effect Of Income On Subjective Well-Being: Evidence From The 2008 Economic Stimulus Tax Rebates, Marta Lachowska

Marta Lachowska

This paper uses tax rebate payments from the 2008 economic stimulus to estimate the effect of a one-time change in income on three measures of subjective well-being: life satisfaction, health satisfaction, and affect. The income effect is identified by exploiting the plausibly exogenous variation in the payment schedule of the rebates. Using both ordinary least squares and two-stage least squares estimators, I find that the rebates had a large and positive impact on affect, which is explained by a reduction in feelings of stress and worry. For life satisfaction and health satisfaction, there is weaker evidence of a positive impact. …


What Is The Relation Between Public Pensions And Private Savings?, Marta Lachowska, Michał Myck Jul 2015

What Is The Relation Between Public Pensions And Private Savings?, Marta Lachowska, Michał Myck

Marta Lachowska

No abstract provided.


The Effects Of Eliminating The Work Search Requirement On Job Match Quality And Other Long-Term Employment Outcomes, Marta Lachowska, Merve Meral, Stephen A. Woodbury Jan 2015

The Effects Of Eliminating The Work Search Requirement On Job Match Quality And Other Long-Term Employment Outcomes, Marta Lachowska, Merve Meral, Stephen A. Woodbury

Marta Lachowska

No abstract provided.


Labor Force Participation In Mississippi And Other Southern States: Final Report, Marta Lachowska, Stephen A. Woodbury Jan 2015

Labor Force Participation In Mississippi And Other Southern States: Final Report, Marta Lachowska, Stephen A. Woodbury

Marta Lachowska

Labor force participation is a key social indicator because the economic performance of a state and the well-being of its residents are closely tied to labor force outcomes. Together, the labor force participation rate (LFPR) and the unemployment rate are of paramount concern to state governments because living standards and consumption are so closely tied to work and earnings from employment.Mississippi has historically had one of the lowest LFPRs in the United States. The purpose of this report is threefold:• to describe the LFPR gap between Mississippi and other Southern states during the last 35 years• to describe key differences …


Labor Force Participation In Mississippi And Other Southern States, Marta Lachowska, Stephen A. Woodbury Jan 2015

Labor Force Participation In Mississippi And Other Southern States, Marta Lachowska, Stephen A. Woodbury

Marta Lachowska

No abstract provided.


Employment Relations And Wages: What Can We Learn From Subjective Assessments?, Marta Lachowska Jan 2015

Employment Relations And Wages: What Can We Learn From Subjective Assessments?, Marta Lachowska

Marta Lachowska

This paper studies the link between hourly wages and workers’ subjective assessments of how easy it would be to find another job as good as the present one, and how easy it would be for an employer to replace an employee. First, using high-quality data, I study the correlates of these two assessments. Second, I study whether respondents who report better outside opportunities and respondents who think they are difficult to replace receive higher wages. The results appear to be consistent with predictions of at least three theoretical frameworks: human capital theory, search theory, and a “locus of control” model.


Labor Force Participation In Mississippi And Other Southern States: Summary Report, Marta Lachowska, Stephen A. Woodbury Jan 2015

Labor Force Participation In Mississippi And Other Southern States: Summary Report, Marta Lachowska, Stephen A. Woodbury

Marta Lachowska

Labor force participation is a key social indicator because the economic performance of a state and the well-being of its residents are closely tied to labor force outcomes. Together, the labor force participation rate (LFPR) and the unemployment rate are of paramount concern to state governments because work and earnings from employment are central determinants of living standards.


Expenditure, Confidence, And Uncertainty: Identifying Shocks To Consumer Confidence Using Daily Data, Marta Lachowska Jan 2015

Expenditure, Confidence, And Uncertainty: Identifying Shocks To Consumer Confidence Using Daily Data, Marta Lachowska

Marta Lachowska

The importance of consumer confidence in stimulating economic activity is a disputed issue in macroeconomics. Do changes in confidence represent autonomous fluctuations in optimism, independent of information on economic fundamentals, or are they a reflection of economic news? I study this question by using high-frequency microdata on spending and consumer confidence, and I find that consumer confidence contains information relevant to predicting spending, independent from other indicators. The exogenous movements in consumer confidence lead to very short fluctuations in consumer spending, consistent with the hypothesis that more consumer confidence reflects less uncertainty about the future.


What Do Indexes Of Consumer Confidence Tell Us?, Marta Lachowska Jan 2015

What Do Indexes Of Consumer Confidence Tell Us?, Marta Lachowska

Marta Lachowska

No abstract provided.


The Effect Of Public Pension Wealth On Saving And Expenditure, Marta Lachowska, Michał Myck Dec 2014

The Effect Of Public Pension Wealth On Saving And Expenditure, Marta Lachowska, Michał Myck

Marta Lachowska

In order to study whether public pension systems displace private saving, we use the quasi-experimental variation in pension wealth created by Poland’s 1999 pension reform. Using the 1997–2003 Polish Household Budget Surveys, we begin by estimating “difference-in-differences” regressions, where we compare household saving and expenditure across time and between cohorts affected and unaffected by the reform. Next, we estimate the extent of crowd-out by using two-stage least squares. We identify the effect of pension wealth on private saving by using the cohort-by-time variation in pension wealth that is explained by the reform. We find that one additional Polish zloty, or …