Category Archives: J Labor and Demographic Economics

Where is it worth it not to work?

Measuring and comparing the generosity of social programs (pensions, unemployment benefits, sickness benefits) across countries is not an easy task. There are several aspects which affect the actual level of generosity: eligibility, duration, waiting period, a level of the payment itself etc. Moreover, to be precise, when comparing different countries, one would need to account… Read More »

Markets with and without money

Heyman and Ariely conducted three experiments verifying several hypotheses about the relationship between the effort one makes and rewards paid back in return. In particular, they distinguished between behavior on two different markets: (i) social market (market with no money), and (ii) monetary market; arguing that once we introduce money, people abound their willingness to… Read More »