IDEAS home Printed from https://ideas.repec.org/p/ags/isfiwp/275570.html
   My bibliography  Save this paper

Endowment Effect and Market Effect: Revisited

Author

Listed:
  • Fishelson, Gideon

Abstract

The question regarding the determinants of the earning differential between two population groups at a given time period, and of its evolvement over time has been given continuous attention over the past three decades. The difference of the market prices of various endowments has also been called "discrimination" and measures were suggested for its quantification. In this study we present alternative formulations for the evaluation of the endowments vs. the market factors. We recommend the one which is the most consistent and symmetric over groups and show its performance for U.S. data.

Suggested Citation

  • Fishelson, Gideon, 1992. "Endowment Effect and Market Effect: Revisited," Foerder Institute for Economic Research Working Papers 275570, Tel-Aviv University > Foerder Institute for Economic Research.
    • Handle: RePEc:ags:isfiwp:275570
    DOI: 10.22004/ag.econ.275570
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/275570/files/TEL-AVIV-FSWP-207.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.275570?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. David Card & Alan B. Krueger, 1992. "School Quality and Black-White Relative Earnings: A Direct Assessment," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(1), pages 151-200.
    2. Alan S. Blinder, 1973. "Wage Discrimination: Reduced Form and Structural Estimates," Journal of Human Resources, University of Wisconsin Press, vol. 8(4), pages 436-455.
    3. Donohue, John J, III & Heckman, James, 1991. "Continuous versus Episodic Change: The Impact of Civil Rights Policy on the Economic Status of Blacks," Journal of Economic Literature, American Economic Association, vol. 29(4), pages 1603-1643, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Neal, Derek A & Johnson, William R, 1996. "The Role of Premarket Factors in Black-White Wage Differences," Journal of Political Economy, University of Chicago Press, vol. 104(5), pages 869-895, October.
    2. Bertocchi, Graziella & Dimico, Arcangelo, 2014. "Slavery, education, and inequality," European Economic Review, Elsevier, vol. 70(C), pages 197-209.
    3. Jamie H. Douglas & Michael D. Steinberger, 2015. "The Sexual Orientation Wage Gap for Racial Minorities," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 54(1), pages 59-108, January.
    4. Kenneth A. Couch & Mary Daly, 2003. "The Improving Relative Status of Black Men," Journal of Income Distribution, Ad libros publications inc., vol. 12(3-4), pages 4-4, September.
    5. Robert A. Margo, 1993. "Explaining Black-White Wage Convergence, 1940-1950: The Role of the Great Compression," NBER Historical Working Papers 0044, National Bureau of Economic Research, Inc.
    6. Kenneth Y. Chay & Jonathan Guryan & Bhashkar Mazumder, 2014. "Early Life Environment and Racial Inequality in Education and Earnings in the United States," Working Paper Series WP-2014-28, Federal Reserve Bank of Chicago.
    7. Orley Ashenfelter & William J. Collins & Albert Yoon, 2006. "Evaluating the Role of Brown v. Board of Education in School Equalization, Desegregation, and the Income of African Americans," American Law and Economics Review, Oxford University Press, vol. 8(2), pages 213-248.
    8. Brown, Charles & Corcoran, Mary, 1997. "Sex-Based Differences in School Content and the Male-Female Wage Gap," Journal of Labor Economics, University of Chicago Press, vol. 15(3), pages 431-465, July.
    9. Celeste K. Carruthers & Marianne H. Wanamaker, 2017. "Separate and Unequal in the Labor Market: Human Capital and the Jim Crow Wage Gap," Journal of Labor Economics, University of Chicago Press, vol. 35(3), pages 655-696.
    10. Owen Thompson, 2022. "School Desegregation and Black Teacher Employment," The Review of Economics and Statistics, MIT Press, vol. 104(5), pages 962-980, December.
    11. Marco FUGAZZA, 2003. "Racial discrimination: Theories, facts and policy," International Labour Review, International Labour Organization, vol. 142(4), pages 507-541, December.
    12. Edsel L Beja, 2018. "Migrant-family background and subjective well-being: Evidence using Blinder-Oaxaca decomposition," Migration Letters, Migration Letters, vol. 15(3), pages 398-408, July.
    13. Chang‐Tai Hsieh & Erik Hurst & Charles I. Jones & Peter J. Klenow, 2019. "The Allocation of Talent and U.S. Economic Growth," Econometrica, Econometric Society, vol. 87(5), pages 1439-1474, September.
    14. Ross Levine & Alexey Levkov & Yona Rubinstein, 2008. "Racial Discrimination and Competition," NBER Working Papers 14273, National Bureau of Economic Research, Inc.
    15. Lex Borghans & Bas Ter Weel & Bruce A. Weinberg, 2014. "People Skills and the Labor-Market Outcomes of Underrepresented Groups," ILR Review, Cornell University, ILR School, vol. 67(2), pages 287-334, April.
    16. Kenneth Y. Chay & Jonathan Guryan & Bhashkar Mazumder, 2009. "Birth Cohort and the Black-White Achievement Gap: The Roles of Access and Health Soon After Birth," NBER Working Papers 15078, National Bureau of Economic Research, Inc.
    17. Levine, Ross & Rubinstein, Yona & Levkov, Alexey, 2014. "Bank Deregulation and Racial Inequality in America," Critical Finance Review, now publishers, vol. 3(1), pages 1-48, January.
    18. William J. Collins & Michael Q. Moody, 2017. "Racial Differences in American Women's Labor Market Outcomes: A Long-Run View," NBER Working Papers 23397, National Bureau of Economic Research, Inc.
    19. Michael A. Boozer & Alan B. Kreuger & Shari Wolkon, 1992. "Race and School Quality Since Brown v. Board of Education," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(1992 Micr), pages 269-338.
    20. Daniel Aaronson & Bhashkar Mazumder, 2011. "The Impact of Rosenwald Schools on Black Achievement," Journal of Political Economy, University of Chicago Press, vol. 119(5), pages 821-888.

    More about this item

    Keywords

    Financial Economics; Marketing;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:isfiwp:275570. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/fotauil.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.