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Sáez-Martí, María; Weibull, Jörgen W. - Institutet för Näringslivsforskning (IFN) - 2002

a welfare representation in the form of a sum of discounted total utilities. We find that a consumption …) and Laibson (1997) correspond to quasi-exponential altruism towards one's future selves. For ß=1/2, the welfare weights … selves. More generally, we establish a functional equation which relates welfare weights to consumption-utility weights. We …

Persistent link: https://www.econbiz.de/10005645410

Discounting and Future Selves

Sáez-Martí, María; Weibull, Jörgen W. - Institutet för Näringslivsforskning (IFN) - 2002

welfare weights are exponential, while for ß<1/2 they are biased in favor of the current self, and for ß>1/2 in favor of one …'s future selves. More generally, we establish a functional equation which relates welfare weights to instantaneous …

Persistent link: https://www.econbiz.de/10005645443

Anatomy of Policy Complementarities

Orszag, J. Michael; Snower, Dennis J. - Institutet för Näringslivsforskning (IFN) - 1998

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs. We argue that the heart of...

Persistent link: https://www.econbiz.de/10005419509

Anatomy of Policy Complementarities.

Orszag, J.M.; Snower, D.J. - Institutet för Näringslivsforskning (IFN) - 1998

The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the Disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs.

Persistent link: https://www.econbiz.de/10005639330

The Welfare State -- Background, Achievements, Problems

Lindbeck, Assar - Institutet för Näringslivsforskning (IFN) - 2006

behind the built up of the modern welfare state. It also summarizes its major achievements in terms of economic efficiency … and redistribution. The paper also tries to identify some major problems of contemporary welfare-state arrangements …, differentiating exogenous shocks from endogenous behaviour adjustments by individuals to the welfare state itself. The latter include …

Persistent link: https://www.econbiz.de/10005645293

A Continuous Theory of Income Insurance

Lindbeck, Assar; Persson, Mats - Institutet för Näringslivsforskning (IFN) - 2010

In this paper we treat an individual’s health as a continuous variable, in contrast to the traditional literature on income insurance, where it is regularly treated as a binary variable. This is not a minor technical matter; in fact, a continuous treatment of an individual’s health sheds new...

Persistent link: https://www.econbiz.de/10008468497

A Model of Income Insurance and Social Norms

Lindbeck, Assar; Persson, Mats - Institutet för Näringslivsforskning (IFN) - 2006

A large literature on ex ante moral hazard in income insurance emphasizes that the individual can affect the probability of an income loss by choice of lifestyle and hence, the degree of risk-taking. The much smaller literature on moral hazard ex post mainly analyzes how a “moral hazard...

Persistent link: https://www.econbiz.de/10005190629

Job Security and Work Absence: Evidence from a Natural Experiment

Lindbeck, Assar; Palme, Mårten; Persson, Mats - Institutet för Näringslivsforskning (IFN) - 2006

We analyze the consequences for sickness absence of a selective softening of job security legislation for small firms in Sweden in 2001. According to our differences-in-difference estimates, aggregate absence in these firms fell by 0.2-0.3 days per year. This aggregate net figure hides important...

Persistent link: https://www.econbiz.de/10005645278

A Continuous Model of Income Insurance

Lindbeck, Assar; Persson, Mats - Institutet för Näringslivsforskning (IFN) - 2008

We develop a simple yet realistic model of income insurance, where the individual’s ability and willingness to work is treated as a continuous variable. In this framework, income insurance not only provides income smoothing, it also relieves the individual from particularly burdensome work. As...

Persistent link: https://www.econbiz.de/10005645345

The Futile Quest for a Grand Explanation of Long-Run Government Expenditure

Durevall, Dick; Henrekson, Magnus - Institutet för Näringslivsforskning (IFN) - 2010

This paper carries out a critical reappraisal of the two contending theories purporting to explain long-run government spending: Wagner’s Law and different variants of the ratchet effect. We analyze data spanning from the early 19th century until the present day in Sweden and the United...

Persistent link: https://www.econbiz.de/10008476276