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Social Security, Unemployment Risk and Efficient Bargaining between Unions and Firms
Reichlin, Pietro - C.E.P.R. Discussion Papers - 2013
We construct an overlapping generations model with unemployment risk where wages, employment and severance payments are …
Persistent link: https://www.econbiz.de/10011084577
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The Right Amount of Trust
Butler, Jeff; Giuliano, Paola; Guiso, Luigi - C.E.P.R. Discussion Papers - 2009
A vast literature has investigated the relationship between trust and aggregate economic performance. We investigate the relationship between individual trust and individual economic performance. We find that individual income is hump-shaped in a measure of intensity of trust beliefs available...
Persistent link: https://www.econbiz.de/10008528520
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Ranking Israel's Economists
Ben-David, Dan - C.E.P.R. Discussion Papers - 2008
One of the more important measures of a scholar’s research impact is the number of times that the scholar’s work is cited by other researchers as a source of knowledge. This paper conducts a first of its kind examination on Israel’s academic economists and economics departments, ranking...
Persistent link: https://www.econbiz.de/10005498083
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Trust and Cheating
Butler, Jeff; Giuliano, Paola; Guiso, Luigi - C.E.P.R. Discussion Papers - 2012
When we take a cab we may feel cheated if the driver takes an unnecessarily long route despite the lack of a contract or promise to take the shortest possible path. Is our decision to take the cab affected by our belief that we may end up feeling cheated? Is the behavior of the driver affected...
Persistent link: https://www.econbiz.de/10011083918
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Trust, Values and False Consensus
Butler, Jeff; Giuliano, Paola; Guiso, Luigi - C.E.P.R. Discussion Papers - 2012
Trust beliefs are heterogeneous across individuals and, at the same time, persistent across generations. We investigate one mechanism yielding these dual patterns: false consensus. In the context of a trust game experiment, we show that individuals extrapolate from their own type when forming...
Persistent link: https://www.econbiz.de/10011084116
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Democratization and Civic Capital
Guiso, Luigi; Pinotti, Paolo - C.E.P.R. Discussion Papers - 2012
We document a sharp reversal in electoral participation between the North and the South of Italy after the 1912 enfranchisement which extended voting rights from a limited élite to (almost) all adult males. When voting was restricted to the élite, electoral turnout was higher in the South but...
Persistent link: https://www.econbiz.de/10011084163
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The Poverty Trap and the Laffer Curve: What Can the GHS Tell Us?
Ashton, Paul; Minford, Patrick - C.E.P.R. Discussion Papers - 1988
power to that when totally unemployed, we establish the appropriate cut-off point for the poverty trap and upper rate … elasticities for those who experienced unemployment during the previous year and those on higher incomes; for average employed men …
Persistent link: https://www.econbiz.de/10005504260
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What is the Domain of the Welfare State?
Snower, Dennis J. - C.E.P.R. Discussion Papers - 1994
The paper examines the appropriate domain of the Welfare State by exploring the areas in which free enterprise fails to provide adequate welfare state services. The paper outlines a simple coherent strategy for formulating government welfare state policy by identifying the relevant market...
Persistent link: https://www.econbiz.de/10005788942
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Some Issues in Modeling and Forecasting Inflation in South Africa
Aron, Janine; Muellbauer, John - C.E.P.R. Discussion Papers - 2009
Inflation targeting central banks will be hampered without good models to assist them to be forward-looking. Many current inflation models fail to forecast turning points adequately, because they miss key underlying long-run influences. The world is on the cusp of a dramatic turning point in...
Persistent link: https://www.econbiz.de/10005123809
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Understanding South Africa's Economic Puzzles
Rodrik, Dani - C.E.P.R. Discussion Papers - 2006
employment generation have been disappointing. Most worryingly, unemployment is currently among the highest in the world. While … the proximate cause of high unemployment is that prevailing wages levels are too high, the deeper cause lies elsewhere …. High unemployment and low growth are both ultimately the result of the shrinkage of the non-mineral tradable sector since …
Persistent link: https://www.econbiz.de/10005136456