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作者：Sun, Guang-Zhen
作者单位：University of Macau
摘要：We study optimal provision of public goods in the network, showing that the Satnuelson condition and the Lindahl scheme can both be substantially extended to characterize the expenditure on such public goods. Couched in terms of the structure of the network, the extended Samuelson condition and Lindahl scheme formulate precisely how the local publicness of a local public good fundamentally determines its optimal provision and the personalized price that the Lindahl tax-payer faces. Independenc...
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作者：Hail, Luzi; Sikes, Stephanie; Wang, Clare
作者单位：University of Pennsylvania; Northwestern University
摘要：This study empirically examines the role of risk sharing between taxable investors and the government on the relation between capital gains taxes and expected returns. Specifically, using an international panel from 26 countries over the period 1990 to 2004, we find evidence that the general positive relation between capital gains taxes and expected returns becomes weaker or even reverses when (i) a firm's systematic risk is high, (ii) the market risk premium is high, or (iii) the risk-free ra...
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作者：Carpenter, Jeffrey; Matthews, Peter Hans
作者单位：Middlebury College
摘要：Despite a long tradition of using lotteries, raffles and similar mechanisms to fund public goods, there has been little systematic study of the design features of these mechanisms and how the resulting incentives affect the level of provision. Partnering with a charity that provides public goods locally, we conducted a field experiment in which participants were randomly assigned to one of four raffle treatments to examine the effectiveness of alternative incentive schemes designed to encourag...
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作者：Liberini, Federica; Redoano, Michela; Proto, Eugenio
作者单位：Swiss Federal Institutes of Technology Domain; ETH Zurich; Leibniz Association; Ifo Institut; University of Warwick; IZA Institute Labor Economics
摘要：Empirical models of retrospective voting primarily employ standard monetary and financial indicators to proxy for voters' utility and to explain voters' behavior. We show that subjective well-being explains variation in voting intention that goes beyond what is captured by these monetary and financial indicators. For example, individuals who are satisfied with their life are 1.6% more likely to support the incumbent; by contrast, a 10% increase in family income leads to a 0.18% increase in an ...
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作者：Eguia, Jon X.
作者单位：Michigan State University; Michigan State University
摘要：I present a theory of assimilation among students of two different backgrounds with unequal status. Students with a disadvantaged background face an incentive to assimilate into the more advantaged group. The advantaged group chooses the cost of assimilation strategically to screen those who seek to assimilate. In equilibrium, only the most skilled disadvantaged students assimilate. This theory provides a novel explanation of the acting white problem. Acting white refers to a social phenomenon...
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作者：Gulati, Sumeet; McAusland, Carol; Sallee, James M.
作者单位：University of British Columbia; University of California System; University of California Berkeley
摘要：Endogenous quality and bargaining are important features of many markets but are typically omitted from studies of incidence. We develop a model with product upgrades and costly bargaining and find that tax rate pass-through only partially characterizes the welfare impact of taxation; consumers may respond to a tax or subsidy by changing product quality or by changing their bargaining effort. We apply the insights of our theory to the study of subsidies for green goods, specifically hybrid ele...
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作者：Gorry, Aspen; Hassett, Kevin A.; Hubbard, R. Glenn; Mathur, Aparna
作者单位：Utah System of Higher Education; Utah State University; American Enterprise Institute for Public Policy Research; Columbia University; National Bureau of Economic Research
摘要：Given the increasing use of stock options in executive compensation, we examine how taxes influence the choice of compensation and document that income deferral is an important margin of adjustment in response to tax rate changes. To account for this option in the empirical analysis, we explore deferral by estimating how executives' choice of compensation between current and deferred income depends on changes in tax policy. Our empirical results suggest a significant impact of taxes on the com...
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作者：Caliendo, Marco; Kuenn, Steffen; Mahlstedt, Robert
作者单位：University of Potsdam; IZA Institute Labor Economics; Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung; Maastricht University; Maastricht University
摘要：In many European countries, labor markets are characterized by high regional disparities in terms of unemployment rates on the one hand and low geographical mobility among the unemployed on the other hand. In order to counteract the geographical mismatch of workers, the German active labor market policy offers a subsidy covering moving costs to incentivize unemployed job seekers to search/accept jobs in distant regions. Based on administrative data, this study provides the first empirical evid...
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作者：Hallsworth, Michael; List, John A.; Metcalfe, Robert D.; Vlaev, Ivo
作者单位：Imperial College London; University of Chicago; University of Warwick
摘要：This paper presents results from two large-scale natural field experiments that tested the effect of social norm messages on tax compliance. Using administrative data from >200,000 individuals in the United Kingdom, we show that including social norm messages in standard reminder letters increases payment rates for overdue tax. This result offers a rare example of social norm messages affecting tax compliance behavior in a real world setting. We find no evidence that loss framing is more effec...
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作者：Cremer, Helmuth; Roeder, Kerstin
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; University of Augsburg
摘要：We examine the role of uniform and non-uniform social insurance to supplement a general income tax when neither public nor private insurers can observe individual risk, which is positively correlated with wages (e.g., for old age dependency). In the (private market) Rothschild and Stiglitz (1976) equilibrium low-wage/low-risk individuals are not fully insured. While social insurance provided to the poor has a negative incentive effect, it also increases their otherwise insufficient insurance c...
