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作者：Leite-Monteiro, M; Sato, M
作者单位：Universidade Catolica Portuguesa; Hitotsubashi University
摘要：In this paper we investigate how economic integration influences the political decision of integration and separation of jurisdictions. In a model with (imperfect) capital mobility, we consider that, not only the redistributive policy itself, but also the level of policy centralization is decided by a majority vote. We find that the net benefit from integration is not monotonic with the level of world capital market integration and present a case where integration of two regions occurs only fo...
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作者：Chen, Y
作者单位：University of Michigan System; University of Michigan
摘要：This paper reports the first experimental study of the serial and the average cost pricing mechanisms under five different treatments: a complete information treatment and four treatments designed to simulate distributed systems with extremely limited information, synchronous and asynchronous moves. Although the proportion of Nash equilibrium play under both mechanisms is statistically indistinguishable under complete information, the serial mechanism performs robustly better than the average ...
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作者：Benjamin, DJ
作者单位：Harvard University
摘要：By comparing 401(k) eligible and ineligible households' wealth, this paper estimates that, on average, about one half of 401(k) balances represent new private savings, and about one quarter of 401(k) balances represent new national savings. Responses to eligibility vary considerably, however, with households who normally save the most largely contributing funds they would have saved anyway. This paper improves on previous research by: (1) employing propensity score subclassification to control...
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作者：Cigno, A; Luporini, A; Pettini, A
作者单位：University of Florence; University of Trieste
摘要：The relationship between government and parents is modelled as a principal-agent problem, with the former in the role of principal and the latter in that of agents. We make four major points. The first is that, if the well-being of the child depends not only on luck, but also on parental actions that the government cannot readily observe, the latter can influence parental behaviour by conditioning income transfers to families on child performance. The second point is that, if there are market ...
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作者：Jaramillo, F; Kempf, H; Moizeau, F
摘要：We study the relationship between social segmentation and income inequality by means of the economic theory of clubs with private provision of the club good. After having characterized the core partition of society in clubs and investigating its characteristics, we show how the clubs' sizes depend on income distribution and compare segmentation profiles arising in societies characterized by different inequality patterns. (C) 2001 Elsevier Science B.V. All rights reserved.
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作者：Page, BR
作者单位：Congressional Budget Office
摘要：This paper investigates the existence of an operative bequest motive by testing whether state bequest taxes influence the giving of inter vivos gifts. A significant positive relation between bequest tax rates and both the probability and level of inter vivos gifts is found, suggesting that at least some portion of bequests is intentional. (C) 2001 Elsevier Science B.V. All rights reserved.
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作者：Bös, D; Kolmar, M
作者单位：University of Bonn; University of Konstanz
摘要：This paper develops a contractarian theory of the state and the existence of redistribution. The existence of rules of redistribution is explained without any recourse to the risk-aversion of agents. No veil of ignorance is needed. This avoids obligational problems inherent in most other contractarian theories of justice. Hence, this paper departs from the standard legitimization of redistribution as fundamental insurance and interprets it as stemming from a principle of reciprocity in trade. ...
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作者：Cremer, H; Pestieau, P; Rochet, JC
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Universite de Toulouse; Universite Toulouse 1 Capitole; University of Liege; University of Liege
摘要：This paper extends the Atkinson-Stiglitz model of direct and indirect taxation to a dynamic setting with two unobservable characteristics: productive ability and inherited wealth. Bequests are motivated by the 'joy of giving'. A child's inheritance is a random variable with a probability distribution that depends on his parent's investment in a 'bequest technology'. Public borrowing is assumed and implies the modified golden rule. We study the optimal tax policy when two instruments are availa...
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作者：Andersson, F; Konrad, KA
作者单位：Free University of Berlin; Free University of Berlin; Lund University
摘要：This paper considers education investment and public education policy in closed and open economies with an extortionary government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of time-consistent taxation similar to benevolent governments. The two types of government differ in their education policies if highly productive labor is mobile. Extortionary governments' incentives for a policy that stimulates higher private educat...
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作者：Bernheim, BD; Garrett, DM
作者单位：Stanford University; National Bureau of Economic Research; Cornerstone Research
摘要：We use a novel household survey to investigate the effects of employer-based financial education on personal saving. We explore cross-sectional relations between the availability of employer-based financial education and various measures of asset accumulation, and we interpret these patterns in light of various potentially confounding factors. Our findings favor the hypothesis that employer-based financial education stimulates saving, both in general and for retirement. (C) 2003 Elsevier B.V. ...
