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Expanding the Welfare System: A Proposal for Reform
Orszag, Mike; Snower, Dennis J. - C.E.P.R. Discussion Papers - 1997
This proposal involves the establishment of ‘welfare accounts’ for every person in a country. There are four accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital account (covering education and training), and a health...
Persistent link: https://www.econbiz.de/10005661484
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Working in Public and Private Firms
Corneo, Giacomo; Rob, Rafael - C.E.P.R. Discussion Papers - 2001
We develop a theoretical framework for comparing the style of work in public and private enterprises. We incorporate ‘socializing’, as an activity that yields utility for workers and affects a firm’s output, into a simple multitask model of work organization. In contrast with previous...
Persistent link: https://www.econbiz.de/10005791698
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What Do State-Owned Firms Maximize? Evidence from the Italian Banks
Sapienza, Paola - C.E.P.R. Discussion Papers - 2002
This Paper studies the objective function of state-owned banks. Using information on individual loan contracts, I compare the interest rate charged to two sets of companies with identical characteristics borrowing respectively from state-owned and privately owned banks. State-owned banks charge...
Persistent link: https://www.econbiz.de/10005788914
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Key Elements of the Reform of the Hungarian Banking System: Privatization and Portfolio Cleaning
Várhegyi, Eva - C.E.P.R. Discussion Papers - 1993
This paper focuses on some of the major problems of the Hungarian banking system and investigates the possible ways to deal with these problems. It discusses the issue of bank restructuring, concentrating on the large commercial banks for which direct or indirect state ownership is decisive....
Persistent link: https://www.econbiz.de/10005791244
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Continuous Preferences Can Cause Discontinuous Choices: An Application to the Impact of Incentives on Altruism
Seabright, Paul - C.E.P.R. Discussion Papers - 2004
Implementing incentive systems can sometimes backfire in practice: experimental evidence and folklore both suggest that offers of explicit rewards can expose surprising discontinuities in behaviour. This Paper models two such discontinuities that have been claimed by psychologists and...
Persistent link: https://www.econbiz.de/10005114276
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Assessing the impact of Mali’s water privatization across stakeholders
Estache, Antonio; Grifell-Tatjé, Emili - C.E.P.R. Discussion Papers - 2011
This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization … intermediate suppliers and investors have also clearly benefited during the short privatization duration. However the paper also …
Persistent link: https://www.econbiz.de/10009399719
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Privatization, Competition and Reform Strategies: Theory and Evidence from Russian Enterprise Panel Data
Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2001
distinguishes two aspects of privatization interacting with market opening: privatization of a firm and privatization of its …
Persistent link: https://www.econbiz.de/10005114270
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Privatization, Entry Regulation and the Decline of Labour's Share of GDP: A Cross-Country Analysis of the Network Industries
Azmat, Ghazala; Manning, Alan; Van Reenen, John - C.E.P.R. Discussion Papers - 2007
-experiment in the OECD: the privatization of many network industries (e.g. telecommunications and utilities). We present a model … labour share, employment and wages respond to privatization and other regulatory changes. We exploit cross-country panel data … on several network industries and find that privatization can account for a significant proportion of the fall of labour …
Persistent link: https://www.econbiz.de/10005114490
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Elected Versus Appointed Regulators: Theory And Evidence
Besley, Timothy J.; Coate, Stephen - C.E.P.R. Discussion Papers - 2000
This paper contrasts direct election with political appointment of regulators. When regulators are appointed, regulatory policy becomes bundled with other policy issues for which the appointing politicians are responsible. Since regulatory issues are not salient for most voters, regulatory...
Persistent link: https://www.econbiz.de/10005662098
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Keeping Both Eyes Wide Open: The Life of a Competition Authority Among Sectoral Regulators
Barros, Pedro Luis Pita; Hoernig, Steffen; Nilssen, Tore - C.E.P.R. Discussion Papers - 2008
Competition authorities must pay attention to many industries simultaneously. Sectoral regulators concentrate on their own industry. Often both types of authority may intervene in specific industries and there is an overlap of jurisdictions. We show how a competition authority’s resource...
Persistent link: https://www.econbiz.de/10005789047