-
作者：Konrad, KA; Spadaro, A
作者单位：Universite PSL; Ecole Normale Superieure (ENS); Ecole des Hautes Etudes en Sciences Sociales (EHESS); Institut Polytechnique de Paris; Ecole des Ponts ParisTech; Centre National de la Recherche Scientifique (CNRS); Free University of Berlin; Universitat de les Illes Balears
摘要：We consider redistributional taxation between people with and without human capital if education is endogenous and if individuals differ in their perceptions about own ability. Those who see their ability as low like redistributive taxation because of the transfers it generates. Those who see their ability as high may also like redistributive taxation because it stops other people receiving education and increases the quasi rents on their own human capital. It is surprising that this rather in...
-
作者：Figlio, DN
作者单位：State University System of Florida; University of Florida; National Bureau of Economic Research
摘要：The recent passage of the No Child Left Behind Act of 2001 solidified a national trend toward increased student testing for the purpose of evaluating public schools. This new environment for schools provides strong incentives for schools to alter the ways in which they deliver educational services. This paper investigates whether schools may employ discipline for misbehavior as a tool to bolster aggregate test performance. To do so, this paper utilizes an extraordinary data set constructed fro...
-
作者：Gibbons, S; Manning, A
作者单位：University of London; London School Economics & Political Science; University of London; London School Economics & Political Science; University of London; London School Economics & Political Science
摘要：This paper estimates the incidence of the most important UK rent subsidy, housing benefit (HB). It exploits changes to housing benefit in 1996 and 1997 that reduced the maximum subsidy payable. The research design is based on the fact that the changes only applied to new claimants and not to pre-existing claimants. We use difference-in-differences to estimate the size of the treatment effect. We show that the changes did have an effect on the level of housing subsidy with all estimated fall of...
-
作者：Corneo, G
作者单位：IZA Institute Labor Economics; Free University of Berlin; Leibniz Association; Ifo Institut
摘要：Since objective news coverage is vital to democracy, captured media can seriously distort collective decisions. The Current paper develops a voting model where citizens are uncertain about the welfare effects induced by alternative policy options and derive information about those effects from the mass media. The media might however secretly collude with interest groups in order to influence the public opinion. In the case of voting over the level of a productivity-enhancing public bad, it is ...
-
作者：Ergin, H; Sönmez, T
作者单位：Massachusetts Institute of Technology (MIT); Boston College
摘要：Many school districts in the U.S. use a student assignment mechanism that we refer to as the Boston mechanism. Under this mechanism, a student loses his priority at a school unless his parents rank it as their first choice. Therefore, parents are given incentives to rank high oil their list the schools where the student has a good chance of getting in. We characterize the Nash equilibria of the induced preference revelation game. An important policy implication of our result is that a transiti...
-
作者：Jack, William; Levinson, Arik; Rahardja, Sjamsu
作者单位：Georgetown University
摘要：Flexible Spending Accounts (FSAs) subsidize out-of-pocket health expenses not covered by employer-provided health insurance, making health care cheaper ex post, but also reducing the incentive to insure. We use a cross section of firm-level data to show that FSAs are indeed associated with reduced insurance coverage, and to evaluate the welfare consequences of this shift. Correcting for selection effects we find that FSAs are associated with insurance contracts that have coinsurance rates abou...
-
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; Federal Reserve System - USA
摘要：This paper tests for important determinants of why some employers provide matching contributions for 401(k) plans in company stock. We find that firms that match in company stock have lower stock price volatility and lower bankruptcy risk and are also more likely to offer a defined benefit plan, consistent with a recognition that imposing a concentrated portfolio can be costly for employees. Evidence also indicates that firms match with company stock to help deter takeovers by putting stock in...
-
作者：Gordon, R
作者单位：University of California System; University of California San Diego
-
作者：Hurd, Michael; Panis, Constantijn
作者单位：Deloitte Touche Tohmatsu Limited; RAND Corporation
摘要：Most pension plans allow a lump sum distribution upon job separation, enabling a subsequent cash-out. in the 1992-2000 HRS, 13% of entitlements were cashed-out, representing 5.3% of entitlement dollars. Among plans with a lump sum option, 20% were cashed out. Cash-outs can be rational and we broadly confirm hypotheses for cash-out determinants, but not that individuals with short expected longevity should wish to disproportionately cash out. Fears of adverse selection into the pool of pensione...
-
作者：Brueckner, Jan K.
作者单位：University of California System; University of California Irvine
摘要：This paper uses an endogenous-growth model with overlapping generations to explore the connection between fiscal federalism and economic growth. The analysis shows that federalism, which allows public-good levels to be tailored to suit the differing demands of young and old consumers, who live in different jurisdictions, increases the incentive to save. This stronger incentive in turn leads to an increase in investment in human capital, and a byproduct of this higher investment is faster econo...
