Showing 1 - 10 of 42
If policy-makers care about well-being, they need a recursive model of how adult life-satisfaction is predicted by … childhood influences, acting both directly and (indirectly) through adult circumstances. We estimate such a model using the …
Persistent link: https://www.econbiz.de/10010960126
We set out a general framework for cooperative household models, based on Samuelson’s idea of a household welfare function, but extending it to incorporate the key insight from Nash bargaining models - the idea that the household’s preference ordering over the utility profiles of its members...
Persistent link: https://www.econbiz.de/10005566789
To improve their competitiveness the companies aim to increase the funds available to finance the necessary investments …
Persistent link: https://www.econbiz.de/10010960123
improving efficiency. …
Persistent link: https://www.econbiz.de/10004969328
We study experimentally the protection of property in five widely distinct countries – Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...
Persistent link: https://www.econbiz.de/10011128038
there is a tradeoff as to efficiency and inequality with respect to services that are contracted to private companies in a …
Persistent link: https://www.econbiz.de/10011265645
that the standard approach to test the collective model with distribution factors may yield misleading inference. We … generalize the model and provide an appropriate test procedure to assess its validity. Our new approach extends to households …. We conclude that the household efficiency does yield empirically falsifiable restrictions despite being scarcely rejected …
Persistent link: https://www.econbiz.de/10011268877
We study school choice and school efficiency in terms of secondary school completion test scores by utilizing a unique …'s expenditure as a determinant of its efficiency per unit of cost. We find that when expenditure is not included, the trust …
Persistent link: https://www.econbiz.de/10010790519
and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the …
Persistent link: https://www.econbiz.de/10010884338
We consider a dual labor market with a frictional formal sector and a competitive informal sector. We show that the size of the informal sector is generally too large compared to the optimal allocation of the workers. It follows that our results give a rationale to informality-reducing policies.
Persistent link: https://www.econbiz.de/10010744669