Similar Search Results

Trust in Public Institutions over the Business Cycle

Stevenson, Betsey; Wolfers, Justin - CESifo - 2011

the most suffered the biggest loss in confidence in institutions, particularly in trust in government and the financial …We document that trust in public institutions—and particularly trust in banks, business and government—has declined … sector. Finally, analysis of several repeated cross-sections of confidence within U.S. states yields similar qualitative …

Persistent link: https://www.econbiz.de/10008872215

Inefficient Group Organization as Optimal Adaption to Dominant Environments

Kolmar, Martin; Wagener, Andreas - CESifo - 2010

Contests between groups are plagued by intra-group externalities (freeriding). Yet, costless incentive schemes that entirely avoid free-riding within a group might not be desirable, neither individually nor socially. In contests among two groups, a relatively weak (i.e., small or unproductive)...

Persistent link: https://www.econbiz.de/10008498991

Why does Environmental Policy in Representative Democracies Tend to be Inadequate? A Preliminary Public Choice Analysis

Kollmann, Andrea; Schneider, Friedrich - CESifo - 2010

There is a widespread consensus among the most important players in developed countries (voters, politicians, producers, traditional and green interest groups and bureaucracies) that a shift towards an eco-social market economy is essential for sustainable growth. Nevertheless, market-based...

Persistent link: https://www.econbiz.de/10008727290

A Competitive Model of Worker Replacement and Wage Rigidity

Snell, Andy; Thomas, Jonathan; Wang, Zhewei - CESifo - 2014

We adapt the models of Menzio and Moen (2010) and Snell and Thomas (2010) to consider a labour market in which firms can commit to wage contracts but cannot commit not to replace incumbent workers. Workers are risk averse, so that there exists an incentive for firms to smooth wages. Real wages...

Persistent link: https://www.econbiz.de/10010737510

The Optimal Distribution of the Tax Burden over the Business Cycle

Angelopoulos, Konstantinos; Asimakopoulos, Stylianos; … - CESifo - 2013

This paper analyses optimal income taxes over the business cycle under a balanced-budget restriction, for low, middle and high income households. A model incorporating capital-skill complementarity in production and differential access to capital and labour markets is de-veloped to capture the...

Persistent link: https://www.econbiz.de/10010711142

The Economic Impact of Demographic Structure in OECD Countries

Aksoy, Yunus; Grasl, Tobias; Smith, Ron P. - CESifo - 2012

We examine the impact of demographic structure, the proportion of the population in each age group, on growth, savings, investment, hours, interest rates and inflation using a panel VAR estimated from data for 20 OECD economies, mainly for the period 1970-2007. This flexible dynamic structure...

Persistent link: https://www.econbiz.de/10010583636

Limited Commitment Models of the Labour Market

Thomas, Jonathan; Worrall, Tim - CESifo - 2007

We present an overview of models of long-term self-enforcing labor contracts in which risk sharing is the dominant motive for contractual solutions. A base model is developed which is sufficiently general to encompass the two-agent problem central to most of the literature, including variable...

Persistent link: https://www.econbiz.de/10005766123

Labor Contracts, Equal Treatment and Wage-Unemployment Dynamics

Snell, Andy; Thomas, Jonathan - CESifo - 2006

This paper analyses a model in which firms cannot pay discriminate based on year of entry to a firm, and develops an equilibrium model of wage dynamics and unemployment. The model is developed under the assumption of worker mobility, so that workers can costlessly quit jobs at any time. Firms on...

Persistent link: https://www.econbiz.de/10005405841

Dynamics and Time Scope of Post War Recovery Required for Compensating Civil War Economic Losses

Nam, Chang Woon; Schumacher, Jan - CESifo - 2013

Civil war is often caused by poverty, and further demolishes existing capital. Such a vicious circle is detrimental for economic development of countries experiencing civil war. Civil war may also contribute to creative destructions of traditional economic, social and political system, leading...

Persistent link: https://www.econbiz.de/10010690376

Optimal Taxation and the Skill Premium

Angelopoulos, Konstantinos; Malley, Jim; … - CESifo - 2012

being optimally chosen by a benevolent government. We find that optimal policy delivers both a progressive tax system and … premium and progressivity. To capture the patterns in the data over the 1980s requires that we adopt a government policy which …

Persistent link: https://www.econbiz.de/10009421691

1
2
3
4
5
6
7
8
9
10
Next
Last