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作者:Holmes, Craig
作者单位:University of Oxford
摘要:Diamond and Koszegi [Diamond, P and Koszegi. B (2003), Quasi-Hyperbolic Preferences and Retirement. Journal of Public Economics. 87 1839-1972] have argued that quasi-hyperbolic discounting can cause dynamic inconsistency in planning when to retire as well as in consumption plans This comment shows that in a simple model with such preferences. retirement plans are never time-inconsistent, as these same preferences keep savings too low for individuals to ever be able to afford unplanned early re...
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作者:Berggren, Niclas; Jordahl, Henrik; Poutvaara, Panu
作者单位:University of Helsinki; Research Institute of Industrial Economics (IFN)
摘要:We study the role of beauty in politics using candidate photos that figured prominently in electoral campaigns Our investigation is based oil visual assessments of 1929 Finnish political candidates from 10,011 respondents (of which 3708 were Finnish) As Finland has a proportional electoral system, we are able to compare the electoral success of non-incumbent candidates representing the same party An increase in our measure of beauty by one standard deviation is associated with an increase of 2...
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作者:Gupta, Nabanita Datta; Simonsen, Marianne
作者单位:Aarhus University; Aarhus University
摘要:Exploiting a rich panel data child survey merged with administrative records along with a pseudo-experiment generating variation in the take-Lip of preschool across Municipalities. we provide evidence of the effects oil non-cognitive child outcomes of participating in large scale publicly provided universal preschool programs and family day care vis-a-vis home care We find that. compared to home care, being enrolled in preschool at age three does not lead to significant differences In child Ou...
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作者:Alcalde, Jose; Dahm, Matthias
作者单位:Universitat d'Alacant; Universitat d'Alacant; Universitat Rovira i Virgili
摘要:We consider rent seeking contests between at least two agents who might Value the prize differently We capture a wide range of institutional aspects of contests by analyzing a class Of Contest Success functions fulfilling several properties The main properties are anonymity and a condition oil the elasticity of a rent seeker's win probability with respect to her effort We show the existence of a mixed-strategy equilibrium and establish equilibrium payoffs In this equilibrium complete rent diss...
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作者:Fudenberg, Drew; Pathak, Parag A.
作者单位:Massachusetts Institute of Technology (MIT); Harvard University
摘要:Costly punishment can facilitate cooperation in public-goods games, as human subjects will incur costs to punish non-cooperators even in settings where it is unlikely that they will face the same opponents again Understanding when and Why it occurs is important both for the design of economic institutions and for modeling the evolution of cooperation Our experiment shows that subjects will engage in costly Punishment even when it will not be observed until the end of the session, which support...
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作者:Harstad, Bard
作者单位:Northwestern University
摘要:The selection of political representatives depends on the political system Principals, such as voters or districts. may benefit by strategically electing representatives different from themselves While a status-quo biased delegate may be a better negotiator, an enthusiastic representative has a better chance of being Included in the majority coalition A larger majority requirement leads to conservative delegation an hence a Status quo bias, a poor minority protection does the opposite Through ...
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作者:Krawczyk, Michal
作者单位:University of Amsterdam
摘要:This study is an experimental investigation into preference for redistribution of income it had been hypothesized that (belief in) equality of Opportunity in I society diminishes support for the welfare state This Could potentially explain the low taxes and social benefits in the United States vis-a-vis Europe To verify this hypothesis, participants in an experiment were assigned different Probabilities of Winning and matched in groups of four. Next, before finding Out who would actually win, ...
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作者:Bertrand, Marianne; Hanna, Rema; Mullainathan, Sendhil
作者单位:National Bureau of Economic Research; University of Chicago; Harvard University
摘要:This paper examines an affirmative action program for lower-caste groups in engineering colleges in India We Study both the targeting properties of the program, and its implications for labor market outcomes We find that affirmative action successfully targets the financially disadvantaged the Upper-caste applicants that are displaced by affirmative action come from a richer economic background than the lower-caste applicants that are displacing them Targeting by caste, however, may lead to th...