Dear colleagues, The Department of Economics cordially invites you to the WU Research Seminar in Economics on Tuesday, June 23rd, with Daniel S. Hamermesh (Daniel S. Hamermesh | Liberal Arts | UT - Austin<https://liberalarts.utexas.edu/prc/faculty/hamermes>) presenting: "The Total Long-Run Economic Loss from a Disability". Abstract: Using diaries covering 25-61-year-olds in the American Time Use Survey 2009-24, this study demonstrates that temporal variety-doing more different things in a day-is income superior. Linking these data to underlying Current Population Surveys, regressions and propensity-score models show that people stating they have a mobility/physical difficulty-a disability-in each of two consecutive annual surveys undertake 8 percent fewer activities per day. They also earn about 50 percent less than demographically identical people reporting no disability. Combining the estimated impact of income on temporal variety with the implied reductions in variety incurred by those with the disability shows that the monetary equivalent of lost variety far exceeds that of lost earnings. Those reporting the disability only once, when they recorded their time use, exhibit much smaller shortfalls in variety. That suggests that using one-time self-reports of disabilities, which underlie the bulk of studies of the impacts of disabilities, underestimate long-term effects. * Date: Tuesday, June 23rd * Time: 4.30 to 6 pm (CET) * Location: building D4, entrance A, ground floor, D4.0.019<https://campus.wu.ac.at/?q=D4.0.019> With best regards, Harald Oberhofer --- Univ.-Prof. Dr. Harald Oberhofer Department of Economics WU Vienna University of Economics and Business Phone: +43/1/31336-4984 Email: harald.oberhofer@wu.ac.at<mailto:harald.oberhofer@wu.ac.at> https://www.wu.ac.at/en/economics/people/oberhofer-h Austrian Institute of Economic Research (WIFO) Phone: +43/1/7982601-468 Email: harald.oberhofer@wifo.ac.at<mailto:harald.oberhofer@wifo.ac.at> http://www.wifo.ac.at/harald_oberhofer