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作者：Flipo, Anne; Fougere, Denis; Olier, Lucile
作者单位：Institut Polytechnique de Paris; ENSAE Paris; Centre National de la Recherche Scientifique (CNRS)
摘要：Our paper examines the impact of tax reductions on the demand for services in the home. For that purpose, we estimate a structural model of demand for such services by using household individual data collected by INSEE (Paris) in 1996. In this model, the net hourly wage paid to the domestic employee, the household preferences for consumption of in-home services and the decision to take advantage of the tax reduction are considered as endogenous variables. Estimation of the econometric model us...
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作者：Lind, Jo Thori
作者单位：University of Oslo
摘要：I study the effect of voters with a group-based social conscience. Voters care more about the well-being of those belonging to their own group than the rest of the population. Within a model of political tax determination, both fractionalization and group antagonism reduce the support for redistribution. Whereas within group inequality increases support for redistribution, inequality between groups has the opposite effect. These results hold even if a poor group forms a majority. Using a panel...
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作者：Brown, Jeffrey R.; Liang, Nellie; Weisbenner, Scott
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; National Bureau of Economic Research
摘要：This paper examines how the menu of investment options made available to workers in defined contribution plans influences portfolio choice. Using unique panel data of 401(k) plans in the U.S., we present three principle findings. First, we show that the share of investment options in a particular asset class (i.e., company stock, equities, fixed income, and balanced funds) has a significant effect on aggregate participant portfolio allocations across these asset classes. Second, we document th...
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作者：Binswanger, Johannes
作者单位：Tilburg University
摘要：This paper studies two interrelated questions. First, is a pay-as-you-go (PAYG) pension component beneficial from a risk management point of view? Second, does optimal risk management of old-age consumption differ between different income groups? The analysis is based on so-called lexicographic loss aversion preferences. Interest in these preferences stems from the fact that they explain the cross-section of individuals' savings and asset allocation choices better than alternative models. I fi...
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作者：Baicker, Katherine; Jacobson, Mireille
作者单位：University of California System; University of California Irvine; University of California System; University of California Los Angeles; National Bureau of Economic Research
摘要：To encourage anti-drug policing, the federal government and many state governments have enacted laws that allow police agencies to keep a substantial fraction of the assets that they seize in drug arrests. We use rich new data on police seizures and local spending to explore the reactions of both governments and police to the incentives created by these policies. We find that local governments offset police seizures by reducing their other allocations to police, partially undermining the incen...
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作者：Amromin, Gene; Huang, Jennifer; Sialm, Clemens
作者单位：University of Texas System; University of Texas Austin; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - Chicago
摘要：Many households face the tradeoff between paying an extra dollar off the remaining mortgage on their house and saving that extra dollar in tax-deferred accounts (TDAs) used for retirement. We show that, under certain conditions, it becomes a tax arbitrage to reduce mortgage prepayments and to increase TDA contributions because of the tax deductibility of mortgage interest and tax-exemption of qualified retirement savings. Using data from the Survey of Consumer Finances, we document that a sign...
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作者：Netzer, Nick; Scheuer, Florian
作者单位：Massachusetts Institute of Technology (MIT); University of Konstanz
摘要：We examine optimal taxation and social insurance with adverse selection in competitive insurance markets. In a previous literature, it has been shown that, with perfect insurance markets, social insurance improves welfare since it is able to redistribute without creating distortions. This result has been taken as robust to the introduction of adverse selection as this would only provide additional justifications for social insurance. We show, however, that adverse selection can weaken the case...
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作者：Dobkin, Carlos; Puller, Steven L.
作者单位：University of California System; University of California Santa Cruz; Texas A&M University System; Texas A&M University College Station
摘要：This paper analyzes the monthly patterns of adverse outcomes due to the consumption of illegal drugs by recipients of government transfer payments. We find evidence that certain subpopulations on government cash aid significantly increase their consumption of drugs when their checks arrive at the beginning of the month, and as a result, experience adverse events including hospitalization and death. Using data from California, we find that the overall rate of drug-related hospital admissions in...
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作者：Lange, Andreas; List, John A.; Price, Michael K.
作者单位：University System of Maryland; University of Maryland College Park; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); University of Chicago; National Bureau of Economic Research; Nevada System of Higher Education (NSHE); University of Nevada Reno
摘要：The tontine, which is an interesting mixture of group annuity, group life insurance, and lottery, has a peculiar place in economic history. In the seventeenth and eighteenth centuries it played a major role in raising funds to finance public goods in Europe, but today it is rarely encountered outside of a dusty footnote in actuarial course notes or as a means to thicken the plot of a murder mystery. This study provides a formal model of individual contribution decisions under a modem variant o...
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作者：Bourgeon, Jean-Marc; Picard, Pierre
作者单位：Institut Polytechnique de Paris; Ecole Polytechnique; Hautes Etudes Commerciales (HEC) Paris; Institut Polytechnique de Paris; Ecole Polytechnique; INRAE
摘要：Many countries now issue driving licences where traffic violations are recorded through a point system, even though implementation varies among countries and even within a country. Depriving offenders of their licence is a non-monetary sanction that allows the government to incapacitate dangerous individuals and that also deters most drivers from infringing the law. We investigate the desirable features of point-record licence mechanisms and, in particular, whether drivers should be allowed to...
