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The Threat of Monitoring Job Search. A Discontinuity Design

Cockx, Bart; Dejemeppe, Muriel - CESifo - 2010

Since July 2004 the job search effort of long-term unemployed benefit claimants is monitored in Belgium. We exploit the discontinuity in the treatment assignment at the age of 30 to evaluate the effect of a notification sent at least 8 months before job search is verified. The threat of...

Persistent link: https://www.econbiz.de/10008799748

Income Support Policies for Part-Time Workers: A Stepping-Stone to Regular Jobs? An Application to Young Long-Term Unemployed Women in Belgium

Cockx, Bart; Robin, Stéphane; Goebel, Christian - CESifo - 2006

We verify whether an income support policy for part-time workers in Belgium increases the transition from unemployment to non-subsidised, “regular” employment. Using a sample of 8630 long-term unemployed young women, whose labour market history is observed from 1998 to 2001, we implement the...

Persistent link: https://www.econbiz.de/10005181500

Investment Policy for Time-Inconsistent Discounters

Harstad, Bård - CESifo - 2013

This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...

Persistent link: https://www.econbiz.de/10010877709

Combining Rights and Welfarism: A New Approach to Intertemporal Evaluation of Social Alternatives

Long, Ngo Van; Martinet, Vincent - CESifo - 2012

evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds …

Persistent link: https://www.econbiz.de/10009651182

Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting

Traeger, Christian - CESifo - 2012

permit a more comprehensive risk evaluation. These preference representations differ regarding the consistency requirements … that are imposed in the evaluation of uncertain scenarios. Imposing all rationality constraints jointly eliminates pure … time preference from economic evaluation. The resulting preference representation still gives reduced weight to expected …

Persistent link: https://www.econbiz.de/10010544183

Why Uncertainty Matters - Discounting under Intertemporal Risk Aversion and Ambiguity

Traeger, Christian - CESifo - 2012

comprehensive evaluation of uncertainty and uncertainty attitude changes this picture fundamentally. The analysis relies on the … social discount rate and points out the importance of even thin tailed uncertainty for climate change evaluation. It …

Persistent link: https://www.econbiz.de/10009645646

Carbon Prices for the Next Thousand Years

Gerlagh, Reyer; Liski, Matti - CESifo - 2012

Climate is a persistent asset, bar none: changes in climate-related stocks have consequences spanning over centuries or possibly millennia to the future. To reconcile the discounting of such far-distant impacts and realism of the shorter-term decisions, we consider hyperbolic time-preferences in...

Persistent link: https://www.econbiz.de/10010554825

Probability Adjusted Rank-Discounted Utilitarianism

Asheim, Geir B.; Zuber, Stéphane - CESifo - 2014

situations and thereby take important steps towards preparing RDU for practical use, e.g. for evaluation of climate policies and …

Persistent link: https://www.econbiz.de/10010756162

Benefit-Cost Analysis of Environmental Projects: A Plethora of Systematic Biases

Graves, Philip E. - CESifo - 2010

There are many reasons to suspect that benefit-cost analysis applied to environmental policies will result in policy decisions that will reject those environmental policies. The important question, of course, is whether those rejections are based on proper science. The present paper explores...

Persistent link: https://www.econbiz.de/10008511597

How Changing Prudence and Risk Aversion Affect Optimal Saving

Bauer, Christian Josef; Buchholz, Wolfgang - CESifo - 2008

We show how optimal saving in a two-period model is affected when prudence and riskaversion of the underlying utility function change. Increasing prudence alone will induce higher savings only if, for certain combinations of the interest rate and the pure time discount rate, there is...

Persistent link: https://www.econbiz.de/10005181267

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