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Close Equals and Calculation of the Vertical, Horizontal and Reranking Effects of Taxation.

Creedy, J.; Lambert, P.J.; van de Ven, J. - Department of Economics, Faculty of Business and Economics - 2001

This paper examines the Gini-based method of decomposing the redistributive effect of taxation into vertical, horizontal, and reranking components. The consequences of different bandwidth choices, used to identify close-equals groups to estimate the horizontal effect, are discussed. Two opposing...

Persistent link: https://www.econbiz.de/10005458689

A Noisy Model of Individual Behaviour.

Basov, S. - Department of Economics, Faculty of Business and Economics - 2001

.i.d., this process produces a probability distribution of agents decision whose evolution is determined by Fokker-Planck equation …. This distribution converges to the unique, globally stable stationary distribution. In the case when choice space is one … dimensional this distribution satisfies Independence of Irrelevant Alternatives (IIA) property. In multidimensional case for IIA …

Persistent link: https://www.econbiz.de/10005750808

Bayesian Estimation of Atkinson Inequality Measures.

Chotikapanich, D.; Creedy, J. - Department of Economics, Faculty of Business and Economics - 2000

.1 Posterior Density for The pis 3.2 Information About The uis 3.2.1 Lognormal Distribution of Income 3.2.2 Assumptions About Group …

Persistent link: https://www.econbiz.de/10005750822

Delays in Bargaining With Incompelete Contracts.

Wait, A. - Department of Economics, Faculty of Business and Economics - 2001

(or innovation) when: there are multiple bargaining periods; previous outcomes affect the subsequent distribution of …

Persistent link: https://www.econbiz.de/10005574851

Wage Function: Australian Estimates Using the Income Distribution Survey.

Creedy, J.; Duncan, A.S.; Harris, M.N.; Scutella, R. - Department of Economics, Faculty of Business and Economics - 2000

Wage functions provide much useful descriptive information about those characteristics of individuals which are associated with relatively high or low wage rates. In any cross-sectional survey there are many individuals who are not working at the time the survey is carried out. Such people may...

Persistent link: https://www.econbiz.de/10005587621

The Composition of Government Expenditure in an Overlapping Generations Model

Creedy, John; Li, Shuyun May; Moslehi, Solmaz - Department of Economics, Faculty of Business and Economics - 2009

This paper examines the choice of government expenditure on public goods and transfer payments (in the form of pension) under majority voting in an overlapping generations model, in which government expenditure is tax-?nanced on a pay-as-you-go (PAYG) basis. The condition required for majority...

Persistent link: https://www.econbiz.de/10008496360

Recursive Contracts

Bardsley, P. - Department of Economics, Faculty of Business and Economics - 2001

We model career design as a recursive contract design problem in an overlapping generations firm. Agents live two periods. In period 1 they may be hired as employees, paid a wage, and produce output. In period 2 they may be promoted to become joint owners (partners) of the firm, producing no...

Persistent link: https://www.econbiz.de/10005178479

Choosing Longevity with Overlapping Generations

Chen, Weichun; Engineer, Merwan; King, Ian - Department of Economics, Faculty of Business and Economics - 2007

We extend Diamond’s (1965) OLG model to allow agents to choose whether to participate in the second period of life. The valuation of early exit (x) is a key parameter. We characterize competitive equilibria, efficient allocations, and predictions for income and life expectancy over time. We...

Persistent link: https://www.econbiz.de/10005587800

Inequality Aversion and the Optimal Composition of Government Expenditure

Creedy, John; Li, Shuyun May; Moslehi, Solmaz - Department of Economics, Faculty of Business and Economics - 2009

This paper examines the choice of government expenditure on public goods and transfer payments, in the form of a pension, in an overlapping generations model. Government expenditure is tax-financed on a pay-asyou- go basis. A utilitarian judge chooses expenditures to maximize a social welfare...

Persistent link: https://www.econbiz.de/10008622309

A Review of 'Jumps' in Macroeconomic Models: With Special Reference to the Case when Eigenvalues are Complex-Valued

Stemp, Peter J. - Department of Economics, Faculty of Business and Economics - 2004

The dynamic properties of macroeconomic models are typically characterised by having a combination of stable and unstable eigenvalues. In a seminal paper, Blanchard and Kahn showed that, for linear models, in order to ensure a unique solution, the number of discontinuous or “jump” variables...

Persistent link: https://www.econbiz.de/10005458640