Showing 1 - 10 of 77
We analyze to which extent social inequality aversion differs across nations when control ling for actual country differences in labor supply responses. Towards this aim, we estimate labor supply elasticities at both extensive and intensive margins for 17 EU countries and the US. Using the same...
Persistent link: https://www.econbiz.de/10010933830
We derive testable conditions ensuring that the income tax is optimal when agents are ex-ante identical but face idiosyncratic income risk. The optimal tax depends positively on both absolute risk aversion and risk variance and negatively on labor supply elasticity and absolute prudence. The...
Persistent link: https://www.econbiz.de/10010933876
The standard economic view of the personal income tax is that it is a distortionary way of raising revenue which nonetheless has value because it tends to increase equality. However, when wages deviate from marginal product, the laissez-faire equilibrium is inefficient, and there can be an...
Persistent link: https://www.econbiz.de/10010933907
Drawing from the formal setting of the optimal tax theory (Mirrlees 1971), the paper identifies the level of Rawlsianism of some European social planners starting from the observation of real data and redistribution systems and uses it to build a metric that allows measuring the degree of...
Persistent link: https://www.econbiz.de/10010738895
Social banks are financial intermediaries paying attention to non-economic (i.e., social, ethical, and environmental) criteria. To investigate the behavior of social banks on the credit market, this paper proposes both theory and empirics. Our theoretical model rationalizes the idea that...
Persistent link: https://www.econbiz.de/10010820843
We consider a large population of agents choosing either to engage in a criminal activity or working. Individuals feel varying degrees of selfreproach if they commit criminal acts. In addition, they are concerned with their social status in society, based on others' perceptions of their values....
Persistent link: https://www.econbiz.de/10008791518
Homo Economicus has progressed from an atomistic and self-interested individual in standard economics to a socially embedded agent in modern economics who is endowed with a particular social identity or with specific preferences for the latter. While this vision makesthe economic agent more...
Persistent link: https://www.econbiz.de/10008794201
determined by education and pollution. The government can implement a tax on pollution and recycle the revenue in public … pollution abatement and/or education subsidy (influencing green behaviors). When agent's preferences for the environment are … the tax revenue is well allocated between education and direct environmental protection. …
Persistent link: https://www.econbiz.de/10010933820
This paper analyzes the relationships between HIV/AIDS and education taking into account the appropriative nature of …
Persistent link: https://www.econbiz.de/10010933825
mobility and increases the average education level in the population. We also show that a planner that encourages social …
Persistent link: https://www.econbiz.de/10010933827