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作者：Albouy, David
作者单位：University of Michigan System; University of Michigan; National Bureau of Economic Research
摘要：Theoretically, federal transfers that make household location decisions efficient should ignore local cost differences, subsidize positive externalities, and offset differences in federal-tax payments and local taxes levied on non-residents, but not local tax revenues from residents. Transfers that redistribute resources equitably across regions will likely target areas with individuals of low earnings potential or low real incomes. Applying these criteria empirically, Canadian equalization po...
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作者：Bilancini, Ennio; Boncinelli, Leonardo
作者单位：Universita di Modena e Reggio Emilia; University of Pisa
摘要：We study the impact of redistributive policies when agents can signal their social status by spending on a conspicuous good. Our focus is on how the shape of the status function - i.e., how social status is computed and evaluated - can affect the equilibrium outcome of the model, and in particular the relationship between inequality and wasteful conspicuous consumption. We find that if status depends in an ordinal way on individuals' relative standing in terms of economic resources, then redis...
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作者：Jacobs, Bas; Schindler, Dirk
作者单位：Tinbergen Institute; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; University of Konstanz
摘要：This paper analyzes optimal linear taxes on labor income and savings in a two-period life-cycle model with ex ante identical households, endogenous leisure demands in both periods, and general processes of skill shocks over the life cycle. We demonstrate that the Atkinson-Stiglitz theorem breaks down under risk Capital taxes are employed besides labor income taxes for two distinct reasons: i) capital taxes reduce labor supply distortions on second-period labor supply, since second-period labor...
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作者：Arifovic, Jasmina; Ledyard, John
作者单位：California Institute of Technology; Simon Fraser University
摘要：The data from experiments with the Voluntary Contributions Mechanism suggest five stylized facts, including the restart effect. To date, no theory has explained all of these facts simultaneously. We merge our Individual Evolutionary Learning model with a variation of heterogeneous other-regarding preferences and a distribution of types to provide a new theory that does. In addition, our theory answers some open questions concerning the data on partners-strangers experiments. One interesting fe...
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作者：Ikefuji, Masako; Horii, Ryo
作者单位：Tohoku University; University of Southern Denmark; Yale University
摘要：Using an endogenous growth model with physical and human capital accumulation, this paper considers the sustainability of economic growth when the use of a polluting input (e.g., fossil fuels) intensifies the risk of capital destruction through natural disasters. We find that growth is sustainable only if the tax rate on the polluting input increases over time. The long-term rate of economic growth follows an inverted V-shaped curve relative to the growth rate of the environmental tax, and it ...
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作者：Rettenmaier, Andrew J.
作者单位：Texas A&M University System; Texas A&M University College Station
摘要：The absence of individual level data linking earnings histories to the receipt of Medicare benefits has hampered the study of the program's distributional properties. Data developed by the Social Security Administration for an early cohort of Medicare beneficiaries includes both earnings records and Medicare payment records and thus overcomes this limitation. For this early cohort, lifetime benefits and taxes are found to rise with lifetime earnings, but taxes rise more rapidly resulting in re...
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作者：Hong, Fuhai; Karp, Larry
作者单位：University of California System; University of California Berkeley; Shanghai University of Finance & Economics
摘要：We modify a canonical participation game used to study International Environmental Agreements (IEA), considering both mixed and pure strategies at the participation stage, and including a prior cost-reducing investment stage. The use of mixed strategies at the participation stage reverses a familiar result and also reverses the policy implication of that result: with mixed strategies, equilibrium participation and welfare are higher in equilibria that involve higher investment. (C) 2012 Elsevi...
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作者：Gobillon, Laurent; Magnac, Thierry; Selod, Harris
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Universite Federale Toulouse Midi-Pyrenees (ComUE); The World Bank; INRAE
摘要：This paper presents an impact evaluation of the French enterprise zone program which was initiated in 1997 to help unemployed workers find employment by granting a significant wage-tax exemption (about one third of total labor costs) to firms hiring at least 20% of their labor force locally. Drawing from a unique geo-referenced dataset of unemployment spells in the Paris region over an extensive period of time (1993-2003), we are able to measure the direct effect of the program on unemployment...
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作者：Grainger, Corbett A.
作者单位：University of Wisconsin System; University of Wisconsin Madison
摘要：Changes in housing Changes in housing prices play an important role in determining the incidence of environmental regulations: if the increase in value due to changes in environmental amenities is fully passed forward in the form of higher rental prices, renters may receive no net benefit from the regulations. To estimate the pass-through of the value of an environmental amenity, I exploit the reduction in suspended particulate matter (PM10) due to the 1990 Clean Air Act Amendments (CAAA). Usi...
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作者：Speciale, Biagio
作者单位：Universite Libre de Bruxelles
摘要：This paper studies the impact of immigration on public education expenditures in EU-15 countries. Identification comes from the use of the 1990s Balkan wars (in Bosnia and Kosovo) as a source of exogenous variation in immigrant inflows to mitigate a possible Tiebout-type bias from endogenous mobility. An increase in foreign population is found to have a small negative effect on public education expenditures. The elasticity of education spending with respect to immigrant population share is -.1...
