3,406 research outputs found
Hedonic Prices and Implicit Markets: Estimating Marginal Willingness to Pay for Differentiated Products Without Instrumental Variables
The hedonic model of Rosen (1974) has become a workhorse for valuing the characteristics of differentiated products despite a number of well-documented econometric problems. For example, Bartik (1987) and Epple (1987) each describe a source of endogeneity in the second stage of Rosen's procedure that has proven difficult to overcome. In this paper, we propose a new approach for recovering the marginal willingness-to-pay function that altogether avoids these endogeneity problems. Applying this estimator to data on large changes in violent crime rates, we find that marginal willingness-to-pay increases by ten cents with each additional violent crime per 100,000 residents.
Deprivation in New Zealand: Regional Patterns and Changes
This paper presents an analysis of the distribution of socio- economic deprivation throughout New Zealand. The analysis focuses on the three census years 1986, 1991, and 1996. A summary deprivation measure is constructed which approximates New ZealandDep96 using standard regression techniques. The paper extends a static analysis of deprivation by examining changes to the deprivation profile across time on a regional basis. Differences in the incidence of deprivation for different ethnic groups are emphasised. Maori and Pacific people are more likely to live in deprived meshblocks than their European counterparts. We also touch on the role isolation plays in determining the distribution of deprivation.deprivation; inequality; distribution; meshblocks; regions
The theme of alienation in the works of Albert Camus
Perception of the absurd leads to rejection of God, but also to alienation from man through rejection of values. An ‘All or Nothing’ attitude (in any case often ambiguous) further alienates the absurd hero from the moderate mass of mankind. Caligula and others seek to re-establish values totally, through emulation of God. They fail because of their inadequate imitation, and are alienated from men through their absurd vision. Yet most Camus’s heroes seek union with man and the world. A quantitative concept of living is gradually abandoned for qualitative concepts such as ‘comprehension’. There is a movement from ‘All or Nothing’ towards ‘limits’, from solitude towards solidarity, but only within the human sphere: since the universe cannot be explained, there is economy of effort in concerning oneself only with man. Rieux for example seeks consolation for man’s condition through its temporary improvement. ‘Limits’ presuppose accepted values. The saint without God seeks to discover these independent of God, and faces too the problem of imposing values without causing harm. This leads to the passive approach of ‘comprehension’, and the movement from a search for principles to a faith in intuitive goodness. Man’s innocence is a prerequisite to his establishing of values independent of God. Camus focuses upon particular example of communion among men leading to happiness through escape from human alienation, whilst preserving lucid rejection in principle of man’s condition
Movements Into and Out of Child Poverty in New Zealand: Results from the Linked Income Supplement
This paper considers the dynamics of child income poverty in New Zealand. Annual movements into and out of poverty by children’s households in New Zealand over the 1997/98, 1998/99, and 1999/2000 periods are analysed. The annual Income Supplement to the Household Labour Force Survey allows tracking of dwellings and people in two consecutive June quarterly weeks, and thus allows observation of changes in equivalised household disposable income over a June year. This project is the first to use the Linked Income Survey for analysis of income dynamics and is part of the Ministry of Social Policy’s ongoing research on family dynamics.New Zealand adult and child poverty transitions are compared. Child poverty transitions in New Zealand are compared and contrasted to those of five other countries—Britain, Germany, Hungary, Russia and Spain—where a similar current income measure of poverty is available. The frequency of poverty “trigger events” in New Zealand and their impact on the chances of children exiting and entering poverty are compared to similar data for Britain and West Germany.child poverty, household income, income mobility
Movements Into and Out of Child Poverty in New Zealand: Results from the Linked Income Supplement
This paper considers the dynamics of child income poverty in New Zealand. Annual movements into and out of poverty by children's households in New Zealand over the 1997/98, 1998/99, and 1999/2000 periods are analysed. The annual Income Supplement to the Household Labour Force Survey allows tracking of dwellings and people in two consecutive June quarterly weeks, and thus allows observation of changes in equivalised household disposable income over a June year. This project is the first to use the Linked Income Survey for analysis of income dynamics and is part of the Ministry of Social Policy's ongoing research on family dynamics. New Zealand adult and child poverty transitions are compared. Child poverty transitions in New Zealand are compared and contrasted to those of five other countries-Britain, Germany, Hungary, Russia and Spain-where a similar current income measure of poverty is available. The frequency of poverty "trigger events" in New Zealand and their impact on the chances of children exiting and entering poverty are compared to similar data for Britain and West Germany.Child poverty, household income, income mobility
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