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A large share of public funds is spent on private goods (education, health care, day care, etc.). This paper integrates two different approaches to the analysis of public provision of private goods. While normative public economies has established an efficiency case for such provision, the...
Persistent link: https://www.econbiz.de/10005669615
Despite being a very hot subject in the public debate, the causes behind the increase in social assistance (SA) in the 1990s are relatively unknown. In this paper, I try to investigate if the increase is in part a result of an increase in the propensity to receive SA. Despite what is usually...
Persistent link: https://www.econbiz.de/10005779761
The probability of income loss depends on talent and effort. Effort has positive externalities and therefore individuals are awarded status in proportion to their perceived diligence. The social norm requires more effort from individuals perceived as more talented. But talent is private...
Persistent link: https://www.econbiz.de/10005779767