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作者:Beccherle, Julien; Tirole, Jean
作者单位:Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要:The Kyoto and Copenhagen Protocols on climate change mitigation postponed the specification of binding commitments to a future negotiation. This paper analyzes the strategic implications of delayed negotiations. While, as is well-understood, the incentive to free ride leads to excessive emissions prior to a binding agreement, the cost of delay is magnified by players' attempt to secure a favorable bargaining position in the future negotiation. A brinkmanship, an effort substitution, and a rais...
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作者:Malamud, Ofer; Pop-Eleches, Cristian
作者单位:Columbia University; University of Chicago; National Bureau of Economic Research
摘要:When students are tracked into vocational and academic secondary schools, access to higher education is usually restricted to those who complete an academic track. Postponing such tracking may increase university attendance among disadvantaged students if additional time in school enables them to catch up with their more privileged counterparts. However, if ability and expectations are fairly well set by an early age, postponing tracking during adolescence may not have much effect. This paper ...
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作者:Jacquet, Laurence; Van de Gaer, Dirk
作者单位:Norwegian School of Economics (NHH); Universite Catholique Louvain; Universite Catholique Louvain; Universite Catholique Louvain
摘要:This paper examines optimal redistribution in a model with high- and low-skilled individuals with heterogeneous tastes for labor. We compare the extent to which optimal policies based on different normative criteria obey the principles of compensation (for differential skills) and responsibility (for preferences for labor) when labor supply is along the extensive margin. With heterogeneity in skills and preferences, traditional Welfarist criteria including Utilitarianism present unappealing po...
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作者:Brett, Craig; Weymark, John A.
作者单位:Vanderbilt University; Mount Allison University
摘要:The impacts of changing the number of individuals of a particular skill level on the solutions to two versions of the finite population optimal nonlinear income tax problem are investigated. In one version, preferences are quasilinear in leisure. For this version, it is shown that it is possible to sign the directions of,change in everyone's optimal consumptions and optimal marginal tax rates. In the other version, preferences are quasilinear in consumption. For this version, it is shown that ...
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作者:Kopczuk, Wojciech; Pestieau, Pierre
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作者:Wildasin, David E.
作者单位:University of Kentucky
摘要:Interjurisdictional flows of imperfectly-mobile migrants, investment, and other productive resources result in the costly dynamic adjustment of resource stocks. This paper investigates the comparative dynamics of adjustment to changes in local fiscal policy with two imperfectly mobile productive resources. The intertemporal adjustments for both resources depend on complementarity/substitutability in production and the adjustment cost technologies for each, implying that the evaluation of the f...
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作者:Coen-Pirani, Daniele
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要:The evolution of education spending in California has received plenty of attention from both academics and practitioners after this state's education finance reform in the 1970's. This paper quantifies the contribution of immigration to the relative decline in elementary and secondary public education spending per student in California in the period 1970-2000. A quantitative model of school choice and voting over public education is used to perform the counterfactual experiments of interest. T...
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作者:Cremer, Helmuth; Gahvari, Firouz; Pestieau, Pierre
作者单位:University of Illinois System; University of Illinois Urbana-Champaign; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Institut Universitaire de France; University of Liege
摘要:This paper provides a unified treatment of externalities associated with fertility and human capital accumulation within pay-as-you-go pension systems. It considers an overlapping generations model in which every generation consists of high earners and low earners with the proportion of types being determined endogenously. The number of children is deterministically chosen but the children's future ability is in part stochastic, in part determined by the family background, and in part through ...
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作者:Olsen, Trond E.; Osmundsen, Petter
作者单位:Norwegian School of Economics (NHH); Universitetet i Stavanger
摘要:We analyze tax competition when a multinational firm has invested in two countries but also has an outside option, e.g., towards a third country. An interesting finding is that more attractive outside options for firms may constitute a win-win situation; the firm as well as its present host countries may gain when this occurs. The reason that it benefits the host countries is that an enhanced outside option reduces the inefficiencies of tax competition. An implication of the result is that bet...
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作者:Breman, Anna
作者单位:University of Arizona
摘要:This paper conducts two natural field experiments to test inter-temporal choices in charitable giving by varying the timing of commitment and payment. Monthly donors were asked to increase their contributions (1) immediately, (2) in one month, (3) in two months. The results are consistent between the two field experiments; first, mean increases in donations are significantly higher when donors are asked to commit to future donations. Second, follow-up data shows that the treatment effect is pe...