5-6期

最新文章

• Taxes, institutions and foreign diversification opportunities AI翻译
  作者：Desai, Mihir A.; Dharmapala, Dhammika
  作者单位：Harvard University; National Bureau of Economic Research; University of Connecticut
  摘要：Investors can access foreign diversification opportunities through either foreign portfolio investment (FPI) or foreign direct investment (FDI). The worldwide tax regime employed by the US potentially distorts this choice by penalizing FDI, relative to FPI, in low-tax countries. On the other hand, weak investor protections in foreign countries may increase the value of control, creating an incentive to use FDI rather than FPI. By combining data on US outbound FPI and FDI, this paper analyzes w...
• The tragedy of the commons revisited: The importance of group decision-making AI翻译
  作者：Gillet, Joris; Schram, Arthur; Sonnemans, Joep
  作者单位：Vrije Universiteit Amsterdam; University of Amsterdam; University of Kent
  摘要：We use a laboratory experiment to compare the way groups and individuals behave in an inter-temporal common pool dilemma. The experimental design distinguishes between a non-strategic problem where players (individuals or groups of three) make decisions without interaction and a strategic part where players harvest from a common pool. This allows us to correct for differences between individuals and groups in the quality of decisions when testing for differences in competitiveness. Group decis...
• Public provision of private child goods AI翻译
  作者：Kimura, Masako; Yasui, Daishin
  作者单位：Kyoto University; Japan Society for the Promotion of Science; Kyoto University
  摘要：This paper analyzes the public provision of private goods for children in a politico-economic model with endogenous fertility. The government provides every child with goods that can also be purchased by parents in private markets, and the level of provision is determined by majority rule. Households with many children benefit from the public provision more than those with fewer children; thus, a political conflict arises between them. The distribution of the number of children across househol...
• A theory of tolerance AI翻译
  作者：Corneo, Giacomo; Jeanne, Olivier
  作者单位：Free University of Berlin; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut; IZA Institute Labor Economics; Johns Hopkins University
  摘要：We propose a theory of tolerance where endogenous lifestyles and exogenous traits are invested with symbolic value by people. Value systems chosen by parents for their children affect the esteem enjoyed by individuals in society. Intolerant individuals attach all symbolic value to a small number of attributes and are irrespectful of people with different ones. Tolerant people have diversified values and respect social alterity. We study the formation of values attached to various types of attr...
• Segregation and Black political efficacy AI翻译
  作者：Ananat, Elizabeth Oltmans; Washington, Ebonya
  作者单位：Yale University; Duke University; National Bureau of Economic Research
  摘要：The impact of segregation on Black political efficacy is theoretically ambiguous. On one hand, increased contact among Blacks in more segregated areas may mean that Blacks are better able to coordinate political behavior. On the other hand, lesser contact with non-Blacks may mean that Blacks have less political influence over voters of other races. As for non-Blacks, inter-group conflict theory suggests that greater contact yields greater conflict between the groups while inter-group contact t...
• A note on optimal income taxation, public goods provision and robust mechanism design AI翻译
  作者：Bierbrauer, Felix
  作者单位：Max Planck Society
  摘要：This paper extends the model of optimal income taxation due to Mirrlees (Mirrlees. J, 1971. An exploration in the theory of optimum income taxation. Review of Economic Studies 38, 175-208) and includes private information on public goods preferences. A mechanism design approach is used to establish the following result: If policies are required to be robustly implementable in the sense of Bergemann and Morris (Bergemann, D., Morris, S., 2005. Robust mechanism design. Econometrica 73, 1771-1813...
• A spatial merger estimator with an application to school district consolidation AI翻译
  作者：Gordon, Nora; Knight, Brian
  作者单位：Brown University; University of California System; University of California San Diego
  摘要：This paper develops a spatial merger estimator to explain political integration generally and then applies this method to a wave of school district mergers in the state of Iowa during the 1990s. Our estimator is rooted in the economics of matching and thus accounts for three important features of typical merger protocol: two-sided decision making, multiple potential partners, and spatial interdependence. Rather than simply explaining when a particular region is likely to experience a wave of p...
• Adverse selection in annuity markets: Evidence from the British Life Annuity Act of 1808 AI翻译
  作者：Rothschild, Casey G.
  作者单位：Middlebury College
  摘要：We study adverse selection using data from an 1808 Act of British Parliament that effectively opened a market for life annuities. Our analysis indicates significant selection effects. The evidence for adverse selection is strongest for a sub-sample of annuitants whose annuities were purchased by profit-seeking speculators, a sub-sample in which advantageous selection resulting from multi-dimensional heterogeneity is unlikely to have been significant. These results support the view that adverse...
• Family background and income during the rise of the welfare state: Brother correlations in income for Swedish men born 1932-1968 AI翻译
  作者：Bjorklund, Anders; Jantti, Markus; Lindquist, Matthew J.
  作者单位：Stockholm University; Abo Akademi University; Stockholm University
  摘要：We investigate if the association between family background and income in Sweden has changed for men born between 1932 and 1968. Our main finding is that the share of the variance in long-run income that is attributable to family background, the so-called brother correlation in income, has fallen by some 17% from 0.49 for the cohorts of brothers born in the early 1930s to below 0.32 for the cohorts born around 1950. From then on, the correlations have inched back up to around 0.37. We report s...
• Crowd-out and diversity AI翻译
  作者：Hungerman, Daniel M.
  作者单位：University of Notre Dame; National Bureau of Economic Research
  摘要：Research has shown that altruism is lower in diverse communities. Can this phenomenon be counteracted by government intervention? To answer this question, this paper introduces diversity to the canonical model of.,warm glow giving. Diversity may have two effects on incentives: it may attenuate individuals' altruistic preferences for public goods, and it may cool off the warm glow that individuals get from voluntarism. Either of these effects leads to diverse communities having lower levels of ...