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Individual Responsibility and the Funding of Collective Goods
Lévy-Garboua, Louis; Villeval, Marie Claire; … - Institute for the Study of Labor (IZA) - 2007
When a deficit occurs in the funding of collective goods, it is usually covered by raising the amount of taxes or by rationing the supply of the goods. This article compares the efficiency of these institutions. We report the results of a 2x2 experiment based on a game in the first stage of...
Persistent link: https://www.econbiz.de/10005762105
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Survey of Models on Demand, Customer Base-Line and Demand Response and Their Relationships in the Power Market
Heshmati, Almas - Institute for the Study of Labor (IZA) - 2012
The increasing use of demand-side management as a tool to reliably meet electricity demand at peak time has stimulated interest among researchers, consumers and producer organizations, managers, regulators and policymakers, This research reviews the growing literature on models used to study...
Persistent link: https://www.econbiz.de/10010764617
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Interactions between Private and Public Sector Wages
Afonso, António; Gomes, Pedro Maia - Institute for the Study of Labor (IZA) - 2010
We examine the interactions between public and private sector wages per employee in OECD countries. The growth of public sector wages and of public sector employment positively affects the growth of private sector wages. Moreover, total factor productivity, the unemployment rate and the degree...
Persistent link: https://www.econbiz.de/10008727773
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Then and Now: Reflections on Two Australian Mining Booms
Gregory, Bob - Institute for the Study of Labor (IZA) - 2011
Australia is experiencing its largest mining boom for more than a century and a half. This paper explores, from a national perspective, important economic differences that arise when a mining boom, such as the current one, is generated by export price increases (trading gains) rather than export...
Persistent link: https://www.econbiz.de/10009294837
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An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - Institute for the Study of Labor (IZA) - 2012
-run output equation with a coefficient equal to the share of capital (α). The long-run theory is tested using quarterly data on … results support the long-run theory. The existence of long-run relations between real output, foreign output and real oil … steadily over the past three decades, the theory suggests that the effect of oil income on the economy's steady state growth …
Persistent link: https://www.econbiz.de/10010550529
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Oil Exports and the Iranian Economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, Hashem - Institute for the Study of Labor (IZA) - 2009
output equation with a coefficient equal to the share of capital. The long run theory is tested using a new quarterly data … long run relations: an output equation as predicted by the theory and a standard real money demand equation with inflation …
Persistent link: https://www.econbiz.de/10008527294
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Human Capital and the Size Distribution of Firms
Gomes, Pedro Maia; Kuehn, Zoë - Institute for the Study of Labor (IZA) - 2014
Countries that have relatively fewer workers with a secondary education have smaller firms. The shortage of skilled workers limits the growth of more productive firms. Two factors influence the availability of skilled workers: i) the education level of the workforce and ii) large public sectors...
Persistent link: https://www.econbiz.de/10010884127
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Fiscal Decentralization, Rural Industrialization, and Undocumented Labor Mobility in Rural China (1982-87)
Chen, Yiu Por - Institute for the Study of Labor (IZA) - 2015
This paper explores the relationship between fiscal decentralization, which gave greater rural industrialization and fiscal authority to local governments, and the emergence of rural-rural undocumented inter-provincial labor migration during China's initial reform period. A Heckman model is...
Persistent link: https://www.econbiz.de/10011273184
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Welfare Policies, Labour Taxation and International Integration
Andersen, Torben M. - Institute for the Study of Labor (IZA) - 2001
How will international integration affect welfare policies? This paper considers the possibilities of financing public sector activities (public consumption and social security expenses) by general (wage) taxation in an economy which becomes more integrated in international product markets. Even...
Persistent link: https://www.econbiz.de/10005703732
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Portfolio Allocation in the Face of a Means-Tested Public Pension
Cobb-Clark, Deborah A.; Hildebrand, Vincent A. - Institute for the Study of Labor (IZA) - 2009
Is there evidence that households adjust their asset portfolios just prior to retirement in response to a means-tested public pension? We address this question by estimating a system of asset equations constrained to add up to net worth. We find little evidence that in 2006 healthy households or...
Persistent link: https://www.econbiz.de/10008517978