Showing 1 - 10 of 52
and the social contract in a model of rational voting over redistribution where individual self-esteem and relative es …
Persistent link: https://www.econbiz.de/10010547222
a model of rational voting over redistribution where individual attitudes toward others are endogenously determined …
Persistent link: https://www.econbiz.de/10010547329
We present a model in which an individual's sentiments toward others are determined endogenously on the basis of how they perform relative to the societal average. This, in turn, affects the individual's own behavior and hence other agent's sentiments toward her. We focus on stationary patterns...
Persistent link: https://www.econbiz.de/10010547402
voting over redistribution. Agents have moral work values. Individuals self-esteem and social consideration of others are …
Persistent link: https://www.econbiz.de/10010547511
Understanding if altruism motivates intergenerational monetary transfers is crucial to assess the effectiveness of … public policies that redistribute income across generations. Previous works have rejected the altruism hypothesis. This paper … presents an altruism model that incorporates effort of the child and introduces imperfect information of parents about the …
Persistent link: https://www.econbiz.de/10010547132
In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of...
Persistent link: https://www.econbiz.de/10010547299
We present a tractable stochastic endogenous growth model that explains how social capital influences economic development. In our model, social capital increases citizens' awareness of government activity. Hence, it alleviates the electoral incentives to under- invest in education, whose...
Persistent link: https://www.econbiz.de/10010851377
Why do public-sector workers receive so much of their compensation in the form of pensions and other benefits? This paper presents a political economy model in which politicians compete for taxpayers' ’and government employees' votes by promising compensation packages, but some voters cannot...
Persistent link: https://www.econbiz.de/10010851457
The classic theory of fiscal federalism suggests that different people should have different governments. Yet, separate local governments with homogeneous constituents often end up doing poorly. This paper explains why and answers three questions: when regions are heterogeneous, what determines...
Persistent link: https://www.econbiz.de/10011274513
government and a challenger party in opposition compete in elections by choosing the issues that will key out their campaigns …
Persistent link: https://www.econbiz.de/10010547532