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Tax And Education Policy In A Heterogeneous Agent Economy: What Levels Of Redistribution Maximize Growth And Efficiency?

Bénabou, Roland - C.E.P.R. Discussion Papers - 2000

This paper studies the effects of progressive income taxes and education finance in a dynamic heterogeneous agent economy. Such redistributive policies entail distortions to labour supply and savings, but also serve as partial substitutes for missing credit and insurance markets. The resulting...

Persistent link: https://www.econbiz.de/10005124288

Social Mobility and the Demand for Redistribution: the POUM Hypothesis

Bénabou, Roland; Ok, Efe A - C.E.P.R. Discussion Papers - 1998

Even relatively poor people oppose high rates of redistribution because of the anticipation that they, or their children, may move up the income ladder. This ‘Prospect of Upward Mobility’ (POUM) hypothesis is commonly advanced to explain why democracies do not engage in large-scale...

Persistent link: https://www.econbiz.de/10005662178

Unequal Societies

Bénabou, Roland - C.E.P.R. Discussion Papers - 1996

redistributions decreases with the degree of inequality, at least over some range. Moreover, capital market imperfections make future … high inequality and low redistribution, or vice versa. Temporary shocks to the distribution of income or the political …

Persistent link: https://www.econbiz.de/10005792191

Migration, Congestion Externalities, and the Evaluation of Spatial Investments

Dinkelman, Taryn; Schulhofer-Wohl, Sam - C.E.P.R. Discussion Papers - 2012

Evaluations of new infrastructure in developing countries typically focus on direct effects, such as the impact of an electrifification program on household energy use. But if new infrastructure induces people to move into an area, other local publicly provided goods may become congested,...

Persistent link: https://www.econbiz.de/10011083273

Mitigating long-run health effects of drought: Evidence from South Africa

Dinkelman, Taryn - C.E.P.R. Discussion Papers - 2014

Drought is Africa’s primary natural disaster and a pervasive source of income risk for poor households. This paper documents the long-run health effects of early life exposure to drought and investigates an important source of heterogeneity in these effects. Combining birth cohort variation in...

Persistent link: https://www.econbiz.de/10011083817

Cardiovascular Consequences of Unfair Pay

Falk, Armin; Menrath, Ingo; Siegrist, Johannes; Verde, … - C.E.P.R. Discussion Papers - 2011

This paper investigates physiological responses to perceptions of unfair pay. In a simple principal agent experiment agents produce revenue by working on a tedious task. Principals decide how this revenue is allocated between themselves and their agents. In this environment unfairness can arise...

Persistent link: https://www.econbiz.de/10009144731

How Elastic are Preferences for Redistribution? Evidence from Randomized Survey Experiments

Kuziemko, Ilyana; Norton, Michael I; Saez, Emmanuel; … - C.E.P.R. Discussion Papers - 2013

This paper analyzes the effects of information about inequality and taxes on preferences for redistribution using … interactive information on U.S. income inequality, the link between top income tax rates and economic growth, and the estate tax …. We find that the informational treatment has very large effects on whether respondents view inequality as an important …

Persistent link: https://www.econbiz.de/10011084154

Appropriating the Commons - A Theoretical Explanation

Falk, Armin; Fehr, Ernst; Fischbacher, Urs - C.E.P.R. Discussion Papers - 2001

In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...

Persistent link: https://www.econbiz.de/10005123667

The Behavioural Effects of Minimum Wages

Falk, Armin; Fehr, Ernst; Zehnder, Christian - C.E.P.R. Discussion Papers - 2005

The prevailing labour market models assume that minimum wages do not affect the labour supply schedule. We challenge this view in this paper by showing experimentally that minimum wages have significant and lasting effects on subjects’ reservation wages. The temporary introduction of a minimum...

Persistent link: https://www.econbiz.de/10005124189

It's All About Connections: Evidence on Network Formation

Falk, Armin; Kosfeld, Michael - C.E.P.R. Discussion Papers - 2003

We present an economic experiment on network formation, in which subjects can decide to form links to one another. Direct links are costly but being connected is valuable. The game-theoretic basis for our experiment is the model of Bala and Goyal (2000). They distinguish between two scenarios...

Persistent link: https://www.econbiz.de/10005792485