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作者：Yakita, A
作者单位：Chukyo University
摘要：This paper examines the growth effects of wage and interest income taxation in an endogenous growth model, which is characterized by diminishing point-in-time returns in human-capital producing technology and overlapping generations of two-period-lived individuals. We show that the greater the long-term learning time of individuals the more individuals inherit human capital from the previous generation. We demonstrate that a flat-rate wage tax stimulates economic growth, while interest income ...
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作者：Soares, J
作者单位：George Washington University
摘要：The objective of this paper is to study whether publicly funded education can emerge as a political and economic equilibrium in an overlapping generations economy in which selfish agents vote for public funding of education. The presence of complementarities between capital and labor in the production function implies that, by improving the skills of next period's workers, public funding of education increases the return on capital. As a result, savers will support a publicly financed educatio...
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作者：Moro, A; Norman, P
作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Minnesota System; University of Minnesota Twin Cities
摘要：We consider a model of endogenous human capital formation with competitively determined wages. Discrimination is sustainable in equilibrium in the presence of two distinguishable, but ex ante identical groups of workers. An affirmative action policy consisting of a quota may 'fail' in the sense that there still may be equilibria where groups are treated differently. However, the incentives to invest for agents in the discriminated group are improved by affirmative action if the initial equilib...
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作者：Hamilton, SF; Sunding, DL; Zilberman, D
作者单位：University of California System; University of California Berkeley; University of Arizona
摘要：The paper examines preferences for product quality regulations. Our premise is that preferences for product quality regulations derive from preferences for both private and public goods. The model is used to explain public attitudes toward a referendum measure to eliminate pesticide residues on food. Results from a survey of consumers are consistent with the conceptual model and show that preferences for public goods influence support for the product quality regulation. The results help explai...
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作者：Bac, M; Bag, PK
作者单位：University of London; Birkbeck University London; Ihsan Dogramaci Bilkent University
摘要：We consider a model of voluntary contributions for a public project with random number of potential contributors. The fundraiser, who observes this number, has to decide whether to reveal or suppress the information before contributions are given. The fundraiser's objective is to collect maximal contributions. We show that whether the public project is convex or non-convex can be the key to the fundraiser's announcement decision. In the convex case, this number is always revealed. In the non-c...
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作者：Laslier, JF; Trannoy, A; Van der Straeten, K
作者单位：Institut Polytechnique de Paris; Ecole Polytechnique; heSam Universite; Conservatoire National Arts & Metiers (CNAM); Centre National de la Recherche Scientifique (CNRS); Centre National de la Recherche Scientifique (CNRS); CY Cergy Paris Universite
摘要：Usual models on voting over basic income-flat tax schedules rest on the assumption that voters know the whole distribution of skills even if at equilibrium some individuals do not work. If individuals' productivity remains unknown until they work, it may be more convincing to assume that voters have only beliefs about the distribution of skills and that a learning process takes place. In this paper, at each period, individuals vote according to their beliefs which are updated when getting new ...
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作者：Roemer, JE; Aaberge, R; Colombino, U; Fritzell, J; Jenkins, SP; Lefranc, A; Marx, I; Page, M; Pommer, E; Ruiz-Castillo, J; San Segundo, MJ; Tranaes, T; Trannoy, A; Wagner, GG; Zubiri, I
作者单位：Yale University; Statistics Norway; University of Turin; Stockholm University; University of Essex; CY Cergy Paris Universite; University of Antwerp; University of California System; University of California Davis; Universidad Carlos III de Madrid; Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung; University of Basque Country
摘要：This paper employs the theory of equality of opportunity, described in Roemer's book (Equality of Opportunity, Harvard University Press, 1998), to compute the extent to which tax-and-transfer regimes in I I countries equalize opportunities among citizens for income acquisition. Roughly speaking, equality of opportunity for incomes has been achieved in a country when it is the case that the distributions of post-fisc income are the same for different types of citizen, where a citizen's type is ...
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作者：Zilcha, I
作者单位：Tel Aviv University
摘要：We consider an overlapping-generations economy where the aggregative production process uses physical capital and human capital. Intergenerational transfers from parents to their children are motivated by 'altruism'. We distinguish between two types of transfers: Investment of parents in the education of their offspring, and capital transfer (the 'gift-bequest motive'). We show that the intensity of each type of altruism, and hence the composition of the two types of transfers, affect signific...
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作者：Mohtadi, H; Roe, TL
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Wisconsin System; University of Wisconsin Milwaukee
摘要：Does democratization imply faster growth, less corruption and less inefficiency? Past studies yield ambiguous results on the effects of democracy on economic performance and growth. We develop a simple two-sector endogenous growth model that shows both very young and mature democracies grow faster than countries in mid stages of democratization, producing a V effect. This effect results from the pattern of rent seeking as it diverts from the provision of public goods. Rent-seekers act as monop...
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作者：Buckley, N; Mestelman, S; Shehata, M
作者单位：McMaster University
摘要：If production-cost savings associated with successful research and development are freely disseminated to other firms as soon as they are realized, too few resources may be allocated to this activity. Subsidies to this activity, a public input, can lead to optimal input use. The effectiveness of four alternative subsidy instruments in stimulating firms' R&D spending are examined. Two are incremental subsidies and two are level subsidies. One of the incremental subsidies and one of the level su...
