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Public Budget Composition, Fiscal (De)Centralization and Welfare
Arcalean, Calin; Glomm, Gerhard; Schiopu, Ioana; … - Institute for the Study of Labor (IZA) - 2007
composition. Only when the differences are sufficiently large does full decentralization become the optimal regime. National … conjecture" that fiscal decentralization increases capital accumulation. However, in terms of welfare this result can be reversed. …
Persistent link: https://www.econbiz.de/10005703092
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Why Praise Inequality? Public Good Provision, Income Distribution and Social Welfare
Dasgupta, Indraneel - Institute for the Study of Labor (IZA) - 2009
We consider a two-person Cournot game of voluntary contributions to a public good with identical individual preferences, and examine equilibrium aggregate welfare under a separable, symmetric and concave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles (Econ....
Persistent link: https://www.econbiz.de/10005822299
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Inequality, Inequity Aversion, and the Provision of Public Goods
Kölle, Felix; Sliwka, Dirk; Zhou, Nannan - Institute for the Study of Labor (IZA) - 2011
We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing...
Persistent link: https://www.econbiz.de/10008839287
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Health and Income: A Robust Comparison of Canada and the US
Duclos, Jean-Yves; Échevin, Damien - Institute for the Study of Labor (IZA) - 2009
This paper uses sequential stochastic dominance procedures to compare the joint distribution of health and income across space and time. It is the first application of which we are aware of methods to compare multidimensional distributions of income and health using procedures that are robust to...
Persistent link: https://www.econbiz.de/10008555365
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Distribution and Growth in an Economy with Limited Needs
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2001
This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
Persistent link: https://www.econbiz.de/10005762377
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Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?
Sabirianova Peter, Klara; Svejnar, Jan; Terrell, Katherine - Institute for the Study of Labor (IZA) - 2005
Economic development implies that the efficiency of firms in developing countries is approaching that of firms in advanced economies. We examine the extent of this convergence in the Czech Republic and Russia, economies that represent alternative models of implementing development policies,...
Persistent link: https://www.econbiz.de/10005703404
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Economic History or History of Economics? A Review Essay on Sylvia Nasar's Grand Pursuit: The Story of Economic Genius
Ashenfelter, Orley - Institute for the Study of Labor (IZA) - 2011
In this essay I review Sylvia Nasar's long awaited new history of economics, Grand Pursuit. I describe how the book is an economic history of the period from 1850-1950, with distinguished economists' stories inserted in appropriate places. Nasar's goal is to show how economists work, but also to...
Persistent link: https://www.econbiz.de/10009404596
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Privatization and Changes in the Wage Structure: Evidence from Firm Personnel Records
Melly, Blaise; Puhani, Patrick A. - Institute for the Study of Labor (IZA) - 2008
We investigate the wage effects of privatization using person-level firm-based panel datasets from one privatized and one nonprivatized public sector firm in the same country for the years immediately before and after privatization. Thus, we can analyze the before-after effects of privatization...
Persistent link: https://www.econbiz.de/10005822644
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Reform Redux: Measurement, Determinants and Reversals
Campos, Nauro F.; Horváth, Roman - Institute for the Study of Labor (IZA) - 2006
We construct objective measures of privatization, internal and external liberalization reform efforts, across countries … external liberalization and privatization, concentration of political power drives internal liberalization, and democracy … internal liberalization reversals, and OECD growth increase that of external liberalization reversals. We replicate previous …
Persistent link: https://www.econbiz.de/10005822778
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Employment Outcomes and the Interaction Between Product and Labor Market Deregulation: Are They Substitutes or Complements?
Fiori, Giuseppe; Nicoletti, Giuseppe; Scarpetta, Stefano; … - Institute for the Study of Labor (IZA) - 2007
This paper provides a systematic empirical investigation of the effect of product market liberalization on employment …
Persistent link: https://www.econbiz.de/10005762118