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distinct and economically relevant component of individual preferences alongside selfishness and altruism. This recognition is … power of trust as a determinant of those decisions, suggesting that altruism may explain much of what ‘looks like’ trust … protocols and framing. Therefore, we propose discriminatory tests for altruism and trust that can be based on within …
Persistent link: https://www.econbiz.de/10005788946
We present a model of optimal contracting between a purchaser and a provider of health services when quality has two dimensions. We assume that one dimension of quality is verifiable (dimension 1) and one dimension is not verifiable (dimension 2). We show that the power of the incentive scheme...
Persistent link: https://www.econbiz.de/10005791404
emerges with nontrivial voting costs and modest altruism. The model can explain higher turnout in close elections as well as …
Persistent link: https://www.econbiz.de/10005791465
Why do people have kids in developed societies? We propose an empirical test of two alternative theories - children as 'consumption' vs. 'investment' good. We use as a natural experiment the Italian pension reforms of the 90s that introduced a clear discontinuity in the treatment across workers....
Persistent link: https://www.econbiz.de/10005792505
Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the economy, but there is not much evidence that countries...
Persistent link: https://www.econbiz.de/10005136775
Suppose an altruistic person - A - is willing to transfer resources to a second person - B - if B comes upon hard times. If B anticipates that A will act in this manner, B will save too little from both agents’ point of view. This is the Samaritan’s dilemma. The logic of the dilemma has been...
Persistent link: https://www.econbiz.de/10005497793
We build a theory of prosocial behaviour that combines heterogeneity in individual altruism and greed with concerns for …
Persistent link: https://www.econbiz.de/10005498047
public good – here, new productions – to have access to a private good – here, fringe benefits – and by altruism. The results …
Persistent link: https://www.econbiz.de/10005504511
social security system and inheritance taxation) in an overlapping generations model with perfect altruism. It generalizes … productivity and altruism. Within such a model wealth is entirely held in the steady-state by the families with the highest degree … of altruism. Under plausible assumptions both public debt and social security are neutral à la Ricardo, while increasing …
Persistent link: https://www.econbiz.de/10005504719
Using data from the Health and Retirement Study (HRS), we make two contributions to the literature on end-of-life transfers. First, we show that unequal bequests are much more common than generally recognized, with one-third of parents with wills planning to divide their estates unequally among...
Persistent link: https://www.econbiz.de/10011165653