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作者:Smetters, K
作者单位:University of Pennsylvania
摘要:This paper presents a heterogenous overlapping-generations with-altruism model in which intergenerational discounting is stochastic. The model nests three popular macro-economics models: those of Ramsey (Economic Journal, 38 (152) (1928) 543-559), Diamond (American Economic Review, 55 (1965) 1126-1150) and a variant of the Blanchard (Journal of Political Economy 93 (2) (1985) 223-247), Buiter (The Economic Journal 98 (391) (1988) 279-293), Weil (Journalk of Public Economics 38 (2) (1989) 183-1...
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作者:Dickert-Conlin, S
作者单位:Syracuse University
摘要:The transfer system typically has large marriage disincentives, while the income tax system is likely to subsidize marriage for many low-income families. In other words, the tax system may offset an increase in transfer benefits associated with marital separation. The interaction of the transfer system with the income tax system has largely been overlooked. The income tax system has become more relevant for low-income families with the recent expansion of the Earned Income Tax Credit, which fi...
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作者:Carter, TJ
作者单位:University of Oklahoma System; University of Oklahoma Health Sciences Center
摘要:This comment shows that some of Pisauro's (Journal of Public Economics, 1991, 46, 329-345) reported results hold only if the unemployment rate exceeds 50%. If it does not, specific labor taxes reduce wages. Also, output falls when employment rises, all else equal, and minimum wage laws raise output. (C) 1999 Elsevier Science S.A. All rights reserved.
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作者:Costa, DL
作者单位:Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要:I investigate the factors that fostered the rise in separate living quarters for older nonmarried women since mid-century by examining the impact of Old Age Assistance on living arrangements in 1940 and 1950. I find that Old Age Assistance substantially increased demand for separate living quarters, but that demand depended upon the rules of the program, in particular whether children were held legally responsible for the care of their aged parents. I argue that more than half of the decline i...
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作者:Micklewright, J; Nagy, G
作者单位:Corvinus University Budapest; Budapest University of Technology & Economics
摘要:The single most likely way to leave the unemployment insurance (UI) register in Hungary is not by getting a job but by exhausting entitlement to benefit. Two questions follow. First, what are the implications of the cessation of UI for living standards? Second, does UI exhaustion have much effect on the probability of getting a job through increasing incentives to work? We investigate these issues with a survey of persons exhausting entitlement to UI in summer, 1995, paying special attention t...
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作者:Pecorino, P
作者单位:University of Alabama System; University of Alabama Tuscaloosa
摘要:The ability to cooperate in the provision of a pubic good is analyzed in a repeated game. Holding the level of provision fixed, with quasi-linear utility we find that the critical value of the discount parameter converges to 0 in the limit. Thus, cooperation is feasible in a large market. Next, we allow the level cooperation to be adjusted optimally as the group size increases, both for a specific form of quasi-linear utility and for Cobb-Douglas utility. In each case, we find that there are a...
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作者:Cadsby, CB; Maynes, E
作者单位:University of Guelph; York University - Canada
摘要:This paper examines experimentally the effects of allowing individuals to contribute any desired proportion of their endowments toward a threshold public good. Permitting continuous rather than binary all-or-nothing contributions significantly increases contributions and facilitates provision. A money-back guarantee further encourages provision, especially when the threshold is high. A high threshold discourages provision in the absence, but not in the presence of a money-back guarantee. High ...
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作者:Levinson, A
作者单位:University of Wisconsin System; University of Wisconsin Madison; National Bureau of Economic Research
摘要:This paper links the theoretical and empirical literatures on interjurisdictional tax and regulatory competition, focusing on the case of state hazardous waste disposal taxes. It begins by demonstrating that local environmental taxes can be inefficient, and that the inefficiency depends on the tax elasticity of polluters' responses. The paper then uses panel data from the Toxics Release Inventory to estimate the magnitude of the tax elasticities, and to demonstrate the empirical relevance of t...
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作者:Farrell, L; Walker, I
作者单位:Keele University
摘要:This paper estimates the demand for lottery tickets using pooled cross section data that contain individual incomes and extensive information about characteristics. One of the cross sections corresponded to a draw which was a 'double rollover' - the jackpot was enhanced by adding the two previous draws' jackpots which had not been won. Together, these datasets provide sufficient observations facing different 'prices' to allow us to estimate the 'price' elasticity as well as the income elastici...
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作者:Checchi, D; Ichino, A; Rustichini, A
作者单位:European University Institute; University of Milan; Tilburg University
摘要:A centralised and egalitarian school system reduces the cost of education for poor families, and so it should reduce income inequality and make intergenerational mobility easier. In this paper we provide evidence that Italy, compared to the USA, displays less income inequality, as expected given the type of school system, but also less intergenerational upward mobility between occupations and between education levels. We explore some of the reasons which can explain this puzzling result and co...