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Preferences for Redistribution and Pensions. What can we Learn from Experiments?

Tausch, Franziska; Potters, Jan; Riedl, Arno - CESifo - 2010

Redistribution is an inevitable feature of collective pension schemes. Nevertheless, it is still an open question what people’s preferences are regarding this form of redistribution. This paper reviews experimental evidence on preferences regarding redistribution and asks what this evidence...

Persistent link: https://www.econbiz.de/10008498990

Assessing the Efficiency of an Insurance Provider - A Measurement Error Approach

Jametti, Mario; Ungern-Sternberg, Thomas von - CESifo - 2003

The purpose of this paper is to compare the cost efficiency of private and public property insurance providers in … measurement errors and apply the model to a data set on 19 firms in housing insurance markets in Switzerland. We show that the … public insurance providers are about 20 per cent more cost efficient than their private counterparts. …

Persistent link: https://www.econbiz.de/10005181391

Is there a Role for an Active Fiscal Stabilization Policy?

Andersen, Torben - CESifo - 2005

This paper discusses the need and scope for an active fiscal stabilization policy. It is argued that the effectiveness of fiscal policy as a short run stabilizer does not depend on the long run multipliers of (balanced budget) fiscal policies. To the extent that activity can be affected by...

Persistent link: https://www.econbiz.de/10005196205

Investment Uncertainty, and Production Games

Flåm, Sjur Didrik; Ermoliev, Yuri - CESifo - 2004

coordinated production programs, featuring pooled resources - and also via adaptive procedures. Extra value - or an insurance …

Persistent link: https://www.econbiz.de/10005405922

Adverse Selection in an Insurance Market with Government-Guaranteed Subsistence Levels

Kim, Bum J.; Schlesinger, Harris - CESifo - 2004

We consider a competitive insurance market with adverse selection. Unlike the standard models, we assume that … limited liability afforded via bankruptcy laws. Government assistance is calculated ex post of any insurance benefits. This … alters the individuals’ demand for insurance coverage. In turn, this affects equilibria in various insurance models of …

Persistent link: https://www.econbiz.de/10005406423

Remittances, Banking Status and the Usage of Insurance Schemes

Crayen, Dorothee; Hainz, Christa; Martinez, Christiane … - CESifo - 2010

can be used to self-insure, substituting for both formal and informal insurance. We investigate this question using a … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover … is influenced by other risk management strategies and that determinants of informal insurance differ from those of formal …

Persistent link: https://www.econbiz.de/10008572573

Flexicurity, Taxes and Job Reallocation

Davoine, Thomas; Keuschnigg, Christian - CESifo - 2015

) a wage subsidy to re-employed workers; (iii) unemployment insurance; (iv) moderate job protection; and (v) active labor …

Persistent link: https://www.econbiz.de/10011257670

International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence

Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - CESifo - 2009

The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...

Persistent link: https://www.econbiz.de/10008596604

Sources of Real Exchange Rate Volatility and International Financial Integration: A Dynamic GMM Panel Approach

Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - CESifo - 2011

The aim of this paper is to provide some new empirical evidence on the determinants of volatility of real exchange rates in emerging countries, focusing on the role of international financial integration in particular. A reduced-form model is estimated using the GMM method for dynamic panels...

Persistent link: https://www.econbiz.de/10009371352

Iceland: How Could This Happen?

Gylfason, Thorvaldur - CESifo - 2014

This paper reviews economic developments in Iceland following its financial collapse in 2008, focusing on causes and consequences of the crash. The review is presented in the context of the Nordic region, with broad comparisons also with developments elsewhere on the periphery of Europe, in...

Persistent link: https://www.econbiz.de/10010877635