Rate of time preference and the quantity adjusted value of life in India

2006 ◽  
Vol 11 (5) ◽  
pp. 569-583 ◽  
Author(s):  
K. R. SHANMUGAM
Keyword(s):  
Discount Rate ◽  
Original Data ◽  
Value Of Life ◽  
Data Set ◽  
Policy Makers ◽  
International Agencies ◽  
Market Rate ◽  
Developed Nations ◽  
Aid Policy

The choice of appropriate discount rate for comparing the long-term health benefits of policies is a complex issue. This study contributes to this sparsely researched issue from the perspective of developing countries by estimating the implicit discount rate that workers reveal through their willingness to incur death risks on-the-job and quantity-adjusted value of life of workers using an original data set from the Indian labor market. The estimated real discount rate ranges from 7.6 to 9.7 per cent, which is closer to the financial market rate for the study period and consistent with earlier studies from developed nations. The estimated value of life ranges are Rs. 24.3–26.5 (US $1.34–1.47) million. The results of the study can aid policy makers, international agencies, and researchers in evaluating health projects in India and other developing nations.

Asset Insulators

2020 ◽  
Author(s):  
Gabriel Chodorow-Reich ◽  
Andra Ghent ◽  
Valentin Haddad
Keyword(s):  
Market Value ◽  
Value Of Life ◽  
Insurance Companies ◽  
Security Level ◽  
Data Set ◽  
Market Prices ◽  
Life Insurers ◽  
Pass Through

Abstract We construct a new data set tracking the daily value of life insurers’ assets at the security level. Outside of the 2008–2009 crisis, a ${\$}$ 1 drop in the market value of assets reduces an insurer’s market equity by ${\$}$ 0.10. During the ?nancial crisis, this pass-through rises to ${\$}$ 1. We explain this pattern by viewing insurance companies as asset insulators, institutions with stable, long-term liabilities that can ride out transitory dislocations in market prices. Illustrating the macroeconomic importance of insulation, insurers’ market equity declined by ${\$}$50 billion less than the duration-adjusted value of their securities during the crisis.

Gentrification, Property Tax Limitation, and Displacement

2016 ◽  
Vol 54 (1) ◽  
pp. 33-73 ◽  
Author(s):  
Isaac William Martin ◽  
Kevin Beck
Keyword(s):  
Panel Study ◽  
Property Tax ◽  
State Level ◽  
Property Taxes ◽  
Income Dynamics ◽  
Data Set ◽  
Policy Makers ◽  
State Laws ◽  
Tax Limitation

Scholars have long argued that gentrification may displace long-term homeowners by causing their property taxes to increase, and policy makers, including the U.S. Supreme Court, have cited this argument as a justification for state laws that limit the increase of residential property taxes. We test the hypotheses that gentrification directly displaces homeowners by increasing their property taxes, and that property tax limitation protects residents of gentrifying neighborhoods from displacement, by merging the Panel Study of Income Dynamics with a decennial Census-tract-level measure of gentrification and a new data set on state-level property tax policy covering the period 1987 to 2009. We find some evidence that property tax pressure can trigger involuntary moves by homeowners, but no evidence that such displacement is more common in gentrifying neighborhoods than elsewhere, nor that property tax limitation protects long-term homeowners in gentrifying neighborhoods. We do find evidence that gentrification directly displaces renters.

Shaping Democratic Practice and the Causes of Electoral Fraud: The Case of Nineteenth-Century Germany

2009 ◽  
Vol 103 (01) ◽  
pp. 1-21 ◽  
Author(s):  
DANIEL ZIBLATT
Keyword(s):  
Social Power ◽  
Original Data ◽  
New Democracies ◽  
Parliamentary Election ◽  
Data Set ◽  
Electoral Fraud ◽  
Proximate Cause ◽  
Imperial Germany ◽  
The Empirical Analysis

Why is there so much alleged electoral fraud in new democracies? Most scholarship focuses on the proximate cause of electoral competition. This article proposes a different answer by constructing and analyzing an original data set drawn from the German parliament's own voluminous record of election disputes for every parliamentary election in the life of Imperial Germany (1871–1912) after its adoption of universal male suffrage in 1871. The article analyzes the election of over 5,000 parliamentary seats to identify where and why elections were disputed as a result of “election misconduct.” The empirical analysis demonstrates that electoral fraud's incidence is significantly related to a society's level of inequality in landholding, a major source of wealth, power, and prestige in this period. After weighing the importance of two different causal mechanisms, the article concludes that socioeconomic inequality, by making elections endogenous to preexisting social power, can be a major and underappreciated barrier to the long-term process of democratization evenafterthe “choice” of formally democratic rules.

scholarly journals Party crashers? Modeling genuinely new party development paths in Western Europe

2020 ◽  
pp. 135406882091135
Author(s):  
Vincenzo Emanuele ◽  
Allan Sikk
Keyword(s):  
Western Europe ◽  
Original Data ◽  
Set Covering ◽  
Latent Growth ◽  
Data Set ◽  
New Parties ◽  
Party Development ◽  
Short And Long Term ◽  
Development Paths

Western Europe has recently experienced the emergence of successful new parties, but while single parties or countries have been extensively studied, insufficient attention has been devoted to this phenomenon from a comparative and long-term perspective. By relying on an original data set covering 20 countries and 344 parliamentary elections, this article presents the first analysis of West European ‘genuinely new parties’ (GNPs) across time, countries and party families. We hypothesize that the parties differ not only in terms of their short- and long-term success but have a range of distinct development paths. Through a latent growth model, we provide a classification of GNPs in terms of their breakthrough and initial performance. According to the specific trajectory followed by new parties in the first five elections they contest, the model suggests five different classes of new parties in Western Europe: ‘explosive’, ‘meteoric’, ‘contender’, ‘flat’ and ‘flop’. The article discusses the implications of these findings also regarding the ability of the model to produce estimates and predictions about the future electoral performances of GNPs.

scholarly journals Discount Rate for Health Benefits and the Value of Life in India

2011 ◽  
Vol 2011 ◽  
pp. 1-5 ◽  
Author(s):  
K. R. Shanmugam
Keyword(s):  
Discount Rate ◽  
Financial Market ◽  
Health Benefits ◽  
Empirical Support ◽  
Value Of Life ◽  
Statistical Life ◽  
Market Rate ◽  
Trade Offs ◽  
Life Saving ◽  
Wage Risk

This study contributes to the literature by estimating discount rate for health benefits and value of statistical life of workers in India. The discount rate is imputed from wage-risk trade-offs in which workers decide whether to accept a risky job with higher wages. The estimated real discount rate varies across regions ranging 2.4–5.1 percent, which is closer to the financial market rate for the study period. The estimated value of a statistical life is Rs. 20 (US $ 1.107) million. The results thus provide no empirical support for utilizing a separate rate of discount for health benefits of life-saving policies in developing countries like India.

Rotational Characteristics of the Green Solar Corona: 1947-1991

1994 ◽  
Vol 144 ◽  
pp. 139-141 ◽  
Author(s):  
J. Rybák ◽  
V. Rušin ◽  
M. Rybanský
Keyword(s):  
Solar Corona ◽  
World Wide ◽  
Rotation Period ◽  
Original Data ◽  
Coronal Emission ◽  
Time Intervals ◽  
Data Set ◽  
The World ◽  
Coronal Emission Line ◽  
Homogeneous Data

AbstractFe XIV 530.3 nm coronal emission line observations have been used for the estimation of the green solar corona rotation. A homogeneous data set, created from measurements of the world-wide coronagraphic network, has been examined with a help of correlation analysis to reveal the averaged synodic rotation period as a function of latitude and time over the epoch from 1947 to 1991.The values of the synodic rotation period obtained for this epoch for the whole range of latitudes and a latitude band ±30° are 27.52±0.12 days and 26.95±0.21 days, resp. A differential rotation of green solar corona, with local period maxima around ±60° and minimum of the rotation period at the equator, was confirmed. No clear cyclic variation of the rotation has been found for examinated epoch but some monotonic trends for some time intervals are presented.A detailed investigation of the original data and their correlation functions has shown that an existence of sufficiently reliable tracers is not evident for the whole set of examinated data. This should be taken into account in future more precise estimations of the green corona rotation period.

Electing the Senate

2017 ◽  
Author(s):  
Wendy J. Schiller ◽  
Charles Stewart III
Keyword(s):  
Original Data ◽  
State Legislators ◽  
Internal Conflict ◽  
Data Set ◽  
Senate Elections ◽  
Political Actors ◽  
The Public ◽  
Seventeenth Amendment ◽  
The People ◽  
Election Process

From 1789 to 1913, U.S. senators were not directly elected by the people—instead the Constitution mandated that they be chosen by state legislators. This radically changed in 1913, when the Seventeenth Amendment to the Constitution was ratified, giving the public a direct vote. This book investigates the electoral connections among constituents, state legislators, political parties, and U.S. senators during the age of indirect elections. The book finds that even though parties controlled the partisan affiliation of the winning candidate for Senate, they had much less control over the universe of candidates who competed for votes in Senate elections and the parties did not always succeed in resolving internal conflict among their rank and file. Party politics, money, and personal ambition dominated the election process, in a system originally designed to insulate the Senate from public pressure. The book uses an original data set of all the roll call votes cast by state legislators for U.S. senators from 1871 to 1913 and all state legislators who served during this time. Newspaper and biographical accounts uncover vivid stories of the political maneuvering, corruption, and partisanship—played out by elite political actors, from elected officials, to party machine bosses, to wealthy business owners—that dominated the indirect Senate elections process. The book raises important questions about the effectiveness of Constitutional reforms, such as the Seventeenth Amendment, that promised to produce a more responsive and accountable government.

Unveiling the Theoretical Mistakes in the World Bank Formation and its Implication on Survival of Africa Monetary Union

2019 ◽  
Vol 10 (1) ◽  
pp. 119-124
Author(s):  
Olatunji Abdul Shobande ◽  
Kingsley Chinonso Mark
Keyword(s):  
World Bank ◽  
Monetary Union ◽  
Political Interest ◽  
World Bank Group ◽  
Policy Makers ◽  
The World Bank ◽  
The World ◽  
Bank Group ◽  
The Stability ◽  
Developed Nations

Abstract The quest for urgent solution to resolve the world liquidity problem has continued to generate enthusiastic debates among political economists, policy makers and the academia. The argument has focused on whether the World Bank Group was established to enhance the stability of international financial system or meant to enrich the developed nations. This study argues that the existing political interest of the World Bank Group in Africa may serve as lesson learned to other ambitious African Monetary Union.

Configurations to Superior Environmental Innovation Strategy: A Both–And Approach

2021 ◽  
pp. 108602662110316
Author(s):  
Tiziana Russo-Spena ◽  
Nadia Di Paola ◽  
Aidan O’Driscoll
Keyword(s):  
Climate Change ◽  
Value Chain ◽  
Critical Role ◽  
Well Being ◽  
Point Of View ◽  
Future Generations ◽  
Innovation Strategy ◽  
Environmental Innovation ◽  
Data Set

An effective climate change action involves the critical role that companies must play in assuring the long-term human and social well-being of future generations. In our study, we offer a more holistic, inclusive, both–and approach to the challenge of environmental innovation (EI) that uses a novel methodology to identify relevant configurations for firms engaging in a superior EI strategy. A conceptual framework is proposed that identifies six sets of driving characteristics of EI and two sets of beneficial outcomes, all inherently tensional. Our analysis utilizes a complementary rather than an oppositional point of view. A data set of 65 companies in the ICT value chain is analyzed via fuzzy-set comparative analysis (fsQCA) and a post-QCA procedure. The results reveal that achieving a superior EI strategy is possible in several scenarios. Specifically, after close examination, two main configuration groups emerge, referred to as technological environmental innovators and organizational environmental innovators.

Sign in / Sign up

Export Citation Format

Share Document