Unhealthy people adapt to their poor state of health and are usually happier than expected
by healthy people. In this paper, we investigate how adapting to a deteriorating state of …

Recent empirical research has shown that output and GDP per capita in the aftermath of
natural disasters are not necessarily lower than before the event. In many cases, both are …

In the second half of the 20th century, most industrialized countries experienced declining
fertility, rising life expectancy and a slowdown of population growth. Standard models of …

It has been argued that hyperbolic discounting of future gains and losses leads to time-
inconsistent behavior and thereby, in the context of health economics, not enough …

This paper is the first that provides a comprehensive toolkit for analyzing deterministic,
continuous-time, endogenous growth models with a balanced growth path. Since it is …

There is empirical evidence that households use residential houses as status goods. In
particular, people are shown to compare their houses with those at the top of the distribution …

Most of the discussion about fiscal stimulus focuses on the multiplier of government
spending on impact. In this paper we shift the focus to the multiplier at the end, ie, to the …

Recent empirical research has shown that income per capita in the aftermath of natural
disasters is not necessarily lower than before the event. Income remains in many cases not …

In this paper we investigate the implications for housing taxation when households have
status concerns for residential housing. For this purpose we introduce a residential housing …

In this paper, we investigate the effects of a declining social discount rate (SDR) on the
optimal extraction of non-renewable resources and economic growth. For this purpose, we …