Showing 1 - 10 of 122
return to a patrimonial society, corporations become political actors; occupational status and education's relevance are …
Persistent link: https://www.econbiz.de/10010899458
between skilled labor and unskilled labor wages. The question we ask is how the growth process shapes the wage inequality and … inequality. First, we prove the existence of equilibrium paths. Then we show that there exists a continuum of steady … of income inequality between skilled and unskilled workers and income in-equality among the skilled workers. The former …
Persistent link: https://www.econbiz.de/10010899820
We revisit the signalling hypothesis, whereby potential employers use the duration of unemployment as a signal as to …
Persistent link: https://www.econbiz.de/10008793679
Criticism is mounting on business schools for their excessive focus on research and for neglecting teaching. We show that if students have imperfect information about a school's overall capabilities and if business schools differ in their research productivity, the least productive schools may...
Persistent link: https://www.econbiz.de/10008794060
We study the optimal taxation problem in an economy composed of two-person households (men and women), where agents influence their own old-age dependency prospects through health spending. It is shown that the utilitarian social optimum can be decentralized by means of lump sum transfers from...
Persistent link: https://www.econbiz.de/10010929087
This paper analyzes optimum income taxation in a model with endogenous job destruction that gives rise to unemployment. It is shown that optimal tax schemes comprise both payroll and layoff taxes when the state provides public unemployment insurance and aims at redistributing income. The optimal...
Persistent link: https://www.econbiz.de/10010750860
This paper studies how oil owners can benefit from carbon taxation. We build a Hotelling-like model with three energy resources: oil (exhaustible, polluting), coal (non exhaustible, very polluting) and solar energy (non exhaustible, non polluting). The CO2 concentration must be kept under a...
Persistent link: https://www.econbiz.de/10011026124
This paper puts forward an explanation of the rapid increase in golden handshake provision in Europe over the last ten years, based on both enhanced investor protection and attractive tax codes for severance pay. This article takes up a framework in which asymmetric information about the quality...
Persistent link: https://www.econbiz.de/10010738557
There is a capital taxation puzzle in most developed countries. Since the 1960s, revenues from wealth transfer taxation have been especially low and decreasing as a percentage of GDP, even to the extent of disappearing in quite a number of cases; by contrast, lifetime wealth or capital taxation...
Persistent link: https://www.econbiz.de/10010738837
During the last twenty years, microsimulation models have been increasingly applied in qualitative and quantitative analysis of public policies. This paper provides a discussion on microsimulation techniques and their theoretical background as a tool for the analysis of public policies with...
Persistent link: https://www.econbiz.de/10010738860