The Kaldor compensation test and rational choice

Article Abstract:

The Kaldor compensation test can sometimes inconsistent in the sense that it leads to contradictory or cyclical recommendations in some situations. However, the consistency of this test has a close relationship with the rationalizability of choices from given utility possibilities sets. Given this observation, it is suggested that social decisions can be made using a social welfare ordering in the first place if the Kaldor test is consistent. Thus, the consistent application of the Kaldor test depends on the acceptance of the information assumptions in some social welfare ordering.

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Do economic incentives affect work absence? Empirical evidence using Swedish micro data

Article Abstract:

Researchers used individual data from a group of male and female Swedish blue-collar workers to analyze the effect of economic incentives on work absence. They modeled absenteeism as an individual day-to-day decision by using a linear demand function. Results showed that for the male subsample, the direct cost of being absent had a negative effect on work absence. However, the Slutsky condition was rejected for the female subsample.

Worker absenteeism, Absenteeism (Labor), Incentives (Business)

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The role of economic incentives in teenage nonmarital childbearing choices

Article Abstract:

Research is presented describing the study of teenage births and the influence of economic benefits on the choices made by teenagers whether to have children or not.

Social aspects, Economics, Teenage pregnancy

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