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Is Variation in Hours of Work Driven by Supply or Demand? Evidence from Finnish Manufacturing Industries

Böckerman, Petri; Jäntti, Markus - EconWPA - 2005

This paper uses panel data from 1989 to 1995 on blue-collar workers in Finnish manufacturing industries and their establishments to assess the extent to which hours of work are affected by individual or establishment characteristics - observed as well as unobserved. We argue that recent research...

Persistent link: https://www.econbiz.de/10005125720

Entrepreneurship and Economic Growth: An Obvious Conjunction?

DEJARDIN, Marcus - EconWPA - 2001

This paper consists of an introductory survey of two fundamental questions regarding the link between entrepreneurship … and economic growth. The first one deals with the endogenous relationship between entrepreneurship and growth. In … particular, we suggest that, while more entrepreneurship could mean more economic growth, economic growth in turn could affect …

Persistent link: https://www.econbiz.de/10005118761

The Accident Externality from Driving

Edlin, Aaron S.; Karaca-Mandic, Pinar - EconWPA - 2004

We estimate auto accident externalities (more specifically insurance externalities) using panel data on state-average insurance premiums and loss costs. Externalities appear to be substantial in traffic dense states: in California, for example, we find that a typical additional driver increases...

Persistent link: https://www.econbiz.de/10005076584

As the People Want It, Blueprint for a New Confederation

Knutsen, John F - EconWPA - 2004

Presents a complete and detailed constitutional framework applying the rational self-interest model and market mechanisms to intra and inter- governmental behaviour and collective decisions. In particular, the paper presents an enabling mechanism for the creation, adjustment and dissolution of...

Persistent link: https://www.econbiz.de/10005076593

Should Public Capital Be Subsidized or Provided?

Devarajan, Shantayanan; Xie, Danyang; Zou, Heng-Fu - EconWPA - 2002

In an endogenous-growth model, we consider alternative ways of providing public capital using distortionary taxes. We show that if the government provides the good, the resulting growth rate and welfare may or may not be higher than under laissez-faire. By contrast, if the government subsidizes...

Persistent link: https://www.econbiz.de/10005076791

A Note on Non-Discriminatory Access to Railroad Infrastructure

Pittman, Russell - EconWPA - 2003

The setting of user prices for enterprises with large fixed costs and marginal costs below average costs – “natural monopolies” – raises important policy questions regarding both efficiency and equity. It has become well accepted among economists that, in a variety of settings, welfare...

Persistent link: https://www.econbiz.de/10005076868

Fractional Reserve Banking as Economic Parasitism: A Scientific, Mathematical & Historical Expose, Critique, and Manifesto

Nuri, Vladimir Z. - EconWPA - 2002

This paper looks at the history of money and its modern form from a scientific and mathematical point of view. The approach here is to emphasize simplicity. A straightforward model and algebraic formula for a large economy analogous to the ideal gas law of thermodynamics is proposed. It may be...

Persistent link: https://www.econbiz.de/10005126382

UNDERGROUND ACTIVITY AND INSTITUTIONAL CHANGE: PRODUCTIVE, PROTECTIVE AND PREDATORY BEHAVIOR IN TRANSITION ECONOMIES

Feige, Edgar L. - EconWPA - 2003

This paper examines why some transitions are more successful than others by focusing attention on the role of productive, protective and predatory behaviors from the perspective of the new institutional economics. Many transition economies are characterized by a fundamental inconsistency between...

Persistent link: https://www.econbiz.de/10005062456

The dynamic marginal tax rate

Cool, Thomas - EconWPA - 1997

There is a general misconception on the impact of marginal tax rates. Following the hypothesis of optimising economic agents, it is proper that marginal rates enter the discussion. The only issue is that the margin mu= st be computed correctly. In dynamics, one must take account of the fact tha=...

Persistent link: https://www.econbiz.de/10005408095

Dynamic curvature of the tax wedge

Cool, Thomas - EconWPA - 1996

The tax wedge makes for a higher gross minimum wage, and a wedge comes about more likely when tax exemption is adjusted for inflation only. Due to curvature, the wedge comes closer to its limit value for already low levels of productivity growth. Thus, the negative effects of the wedge occur...

Persistent link: https://www.econbiz.de/10005412500