Can entrepreneurship bring happiness? Evidence from China
آیا کارآفرینی می تواند خوشبختی به همراه داشته باشد؟ مدارکی از چین-2020
This paper investigates the relationship between entrepreneurial activities and the happiness of entrepreneurs. We estimate the effects of entrepreneurial decision-making, business experience and other factors on happiness by using China Household Finance Survey data. Our results derived from maximum likelihood estimation methods indicate that entrepreneurial decision-making and entrepreneurial experience affect household happiness signiﬁcantly. The family well-being is signiﬁcantly increased if the family is entrepreneurial, and it will be higher if actively entrepreneurial. Both entrepreneurial experience and entrepreneurial investment of time have signif- icantly positive effect on the probability of family well-being. In addition, we ﬁnd that the mechanism by which entrepreneurship brings happiness to households is through raising household income and wealth, that is, income effects and wealth effects.
Keywords: Entrepreneurial activities | Happiness | Income effect | Wealth effect
Housing Vouchers, Income Shocks and Crime: Evidence from a Lottery
کوپن مسکن ، شوک درآمدی و جرم و جنایت: شواهدی از یک قرعه کشی-2020
Employing exogenous variation in randomized wait-list positions assigned using a lottery, we identify the causal effects of Section 8 housing vouchers on arrests of adult household heads. Based on administrative records from Houston, we find that voucher receipt has no effect on the likelihood of arrest. Even among the groups with the highest propensities for crime, the vouchers have no impact. Income effects for these adults are particularly large relative to neighborhood effects, leading us to believe that this large income shock does little to alleviate financial pressures that could lead to crime.
Keywords: Housing Vouchers | Section 8 | Crime | Neighborhood Effects | Income Shocks