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作者：O'Keefe, S
作者单位：California State University System; California State University Sacramento
摘要：This paper examines factors that influence migration of AFDC recipients within California. A county level conditional logit model is used to analyze the impact of cost adjusted benefits on intrastate moves during recipients' first year of welfare participation. Costs of living, particularly housing costs, differ considerably across counties of California, yet the welfare benefit is set at the state level. This creates the potential for variation in the purchasing power of the welfare benefit i...
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作者：Auerbach, AJ
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作者：Keuschnigg, C; Nielsen, SB
作者单位：University of St Gallen; Copenhagen Business School
摘要：A model of start-up finance with double moral hazard is proposed. Entrepreneurs have ideas and technical competence, but lack own resources as well as commercial experience. Venture capitalists (VCs) provide start-up finance and managerial support. Both types of agents thus jointly contribute to the firm's success, but neither type's effort is verifiable. We find that the market equilibrium is biased towards inefficiently low entrepreneurial effort and venture capital support. In this situatio...
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作者：Besfamille, M
作者单位：Universidad Torcuato Di Tella
摘要：This paper studies local public works decisions in a hierarchical setting under bidimensional asymmetric information. A local authority plans to undertake a public work and delegates its construction to a firm. The federal government decides whether to fund the project, without being informed of either the project's benefit or the constructor's efficiency. The local authority knows these values. To deal with this informational gap, the federal government designs a public work contract, specify...
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作者：Aizer, A; Currie, J
作者单位：Brown University; University of California System; University of California Los Angeles; National Bureau of Economic Research
摘要：This study focuses on network effects in the utilization of publicly-funded prenatal care using Vital Statistics data from California for 1989-2000. Networks are defined using 5-digit zip codes and a woman's racial or ethnic group. Like others, we find evidence that the use of public programs is highly correlated within groups defined using race/ethnicity and neighborhoods. These correlations persist even when we control for many unobserved characteristics by including zip code-year fixed effe...
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作者：Bernhardt, D; Dubey, S; Hughson, E
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Colorado System; University of Colorado Boulder
摘要：We develop a dynamic model of democratic politics in which both potential office holders and the electorate have heterogeneous ideologies. Voters have incomplete information about candidate ideologies, so they must use information from previous positions taken in office to make informed re-election decisions. We characterize the effects of term limits on the evolution over time of the ideological positions taken by office holders and derive the implications for voter choice and welfare. Contri...
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作者：Lalive, R; Zweimüller, J
作者单位：University of Zurich
摘要：The potential duration of benefits is generally viewed as an important determinant of unemployment duration. This paper evaluates a unique policy change that prolonged entitlement to regular unemployment benefits from 30 weeks to a maximum of 209 weeks for elderly individuals in certain regions of Austria. in the evaluation, we explicitly account for the fact that the program was an endogenous policy response to deteriorating labor market conditions for older workers in certain regions and sec...
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作者：Joulfaian, D
作者单位：United States Department of the Treasury; George Washington University
摘要：The tax treatment of lifetime transfers was altered on a number of occasions since the enactment of gift tax six decades ago. Trends in gifts by the wealthy show a dramatic response to these changes. In this paper, I examine this trend and gauge its response to taxes, transitory and permanent, over a period of 65 years. Results suggest that gifts are highly elastic with respect to taxes, particularly in the short run. Tax minimization seems to be an important consideration in the timing of int...
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作者：Blanchflower, DG; Oswald, AJ
作者单位：Dartmouth College; National Bureau of Economic Research; University of Warwick
摘要：This paper studies happiness in the United States and Great Britain. Reported levels of wellbeing have declined over the last quarter of a century in the US; life satisfaction has run approximately flat through time in Britain. These findings are consistent with the Easterlin hypothesis [Nations and Households in Economic Growth: Essays in Honour of Moses Abramowitz (1974) Academic Press; J. Econ. Behav. Org., 27 (1995) 35]. The happiness of American blacks, however, has risen. White women in ...
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作者：Huizinga, H; Nicodème, G
作者单位：Tilburg University; Universite Libre de Bruxelles
摘要：This paper investigates the impact of tax policy on international depositing. Non-bank international deposits are shown to be positively related to interest income taxes and to the presence of domestic bank interest reporting. This suggests that international deposits are in part intended to facilitate tax evasion. At present, only part of international interest flow are covered by either nonresident interest withholding taxes or international exchange of information. This incomplete coverage ...
