We analyze the implications of communitarianism-the tendency of people to organize into separate culturally homogeneous groups-for individual and group inequality in human capital accumulation. We propose a non-cooperative social interactions model where each individual decides how much time to...

In this paper, we examine the consequences of imperfect information on the pattern of transfers from parents to children. Drawing on the theory of mechanism design, we consider a model of family contract with two levels of effort. We prove that equal transfers among children are expected under...

Vertrauen ist in den letzten Jahren zu einem ambivalenten Schlüsselbegriff geworden, der in Debatten um den vermeintlichen Vertrauensverlust im öffentlichen Leben wie gegenüber Politikern und Institutionen aufgegriffen wird. Der Begriff wird auch als Ursache für die Krise auf den globalen...

Gewalttätige Konflikte sind vor allem in notleidenden Regionen der Welt verbreitet, es ist aber wenig darüber bekannt, wie die Wirklichkeit der betroffenen Menschen aussieht und welche Entscheidungen sie zu fällen haben. In diesem Bericht untersuchen wir, wie Individuen während des...

The concept of time discounting introduces weights on future goods to make these less valu- able. Famously, both the specic functional form of time discounting and its normative sta- tus are contested. To address these problems, this paper provides a measurement-theoretic framework of...

One of the most cherished propositions in economics is that market competition by and large raises consumer welfare. But whether political competition has similarly virtuous consequences is far less discussed. This paper formulates a model to explain why political competition may enhance...

This paper considers the key problems confronting the Pakistan Planning Commission, briefly examines the essentials of planning for a mixed economy, draws lessons from the experience of countries, both developed and developing, that have formulated and implemented successful plans, and suggests...

This paper examines the key issues relating to the UK pension system. It reviews the current system of pension provision, describes and analyses the reforms since 1980, examines the legal regulatory and accounting framework for occupational pension schemes, assesses the different types of risks...