Browsing by Author "Nissim, Ben David"

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    Greed Supports Economic Growth But Might Make Us More Miserable
    (Scientific Research, 2016-06) Nissim, Ben David; Tchai, Tavor; Zvi, Winer
    Most economists, who refer to utility as representing wellbeing, do so under the assumption that utility increases with consumption. In contrast, lately researchers have found evidence that individuals' wellbeing is by far a more complicated matter than to be represented solely by their consumption choices. Adopting a broader approach to human wellbeing, we have modified the traditional theory to include income aspirations. Following this new line of thinking, this paper assumes that individuals seek to minimize the gap between their consumption aspirations and their consumption desires, namely minimizing their frustration. We present an overlapping generation model and assume that desires increase with current and lag consumption. Our theoretical results show that in an economy with agents minimizing frustration, as greed increases, the steady state level of capital might be higher while people would certainly be more miserable.
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    A Method for Estimating the Participation Rate of Elder Care
    (Scientific Research, 2016-06) Nissim, Ben David; Daphna, Halperin; Ruth, Kats; Ariela, Lowenstein; Aviad, Tur Sinai
    This paper focused on estimating the participation rate of care giving to elders. We used a theoretical model frame that was in common use for analyzing activity in the labor market and adjusted it for analyzing the care giving rate in elders. Using data of the rate of start taking care and the rate of end taking care in elders from the Survey of Health, Aging and Retirement in Europe we evaluated the rate of "caregivers" in whole population at age over 50 and among males, females, people in labor force and out of labor force. According to our results, the lowest care rate is among men 16.8%, and the highest is among females 18.88%, while for whole population at age over 50, the care rate is 18.2%. According to our findings, there is a very high end of care rate from treatment in all population groups, pointing to the existence of a very large substitution among caregivers, mainly among people not in labor force (76.2%).