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Bénabou, Roland - C.E.P.R. Discussion Papers - 1996

This paper seeks to explain the significant variations in the social contract observed across nations. It shows how countries with similar technologies and preferences, as well as equally democratic political systems, can sustain very different average and marginal tax rates. Similarly, it...

Persistent link: https://www.econbiz.de/10005792191

Tax And Education Policy In A Heterogeneous Agent Economy: What Levels Of Redistribution Maximize Growth And Efficiency?

Bénabou, Roland - C.E.P.R. Discussion Papers - 2000

This paper studies the effects of progressive income taxes and education finance in a dynamic heterogeneous agent economy. Such redistributive policies entail distortions to labour supply and savings, but also serve as partial substitutes for missing credit and insurance markets. The resulting...

Persistent link: https://www.econbiz.de/10005124288

Endogenous Indoctrination: Occupational Choice, the Evolution of Beliefs, and the Political Economy of Reform

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2009

Much of the political economy analysis of reform focuses on the conflict of interest between groups that stand to gain or lose from the competing policy proposals. In reality, there is also a lot of disagreement about the working of the policy: in addition to conflicting interests, conflicting...

Persistent link: https://www.econbiz.de/10005011855

Regulation, Privatization, and Airport Charges: Panel Data Evidence from European Airports

Bilotkach, Volodymyr; Clougherty, Joseph A.; Mueller, … - C.E.P.R. Discussion Papers - 2011

privatization on airport charges in a panel data setting where fixed effects can be employed to mitigate endogeneity concerns. Our …

Persistent link: https://www.econbiz.de/10009351519

Assessing the impact of Mali’s water privatization across stakeholders

Estache, Antonio; Grifell-Tatjé, Emili - C.E.P.R. Discussion Papers - 2011

This paper offers a unique quantitative evaluation of the distribution of the welfare of a water privatization … intermediate suppliers and investors have also clearly benefited during the short privatization duration. However the paper also …

Persistent link: https://www.econbiz.de/10009399719

Raising the Financial Costs of Children and Fertility Responses: Evidence from the Kibbutz

Ebenstein, Avraham; Hazan, Moshe; Simhon, Avi - C.E.P.R. Discussion Papers - 2011

examines the impact of the privatization of kibbutzim on fertility behavior among members. We find that fertility declined by 6 …-15 percent following the shift to privatization. In light of the massive change in financial costs associated with childbearing … due to privatization, our results suggest that financial considerations may be a more modest factor in fertility decisions …

Persistent link: https://www.econbiz.de/10009367434

Defensive and Strategic Restructuring in Central European Enterprises

Grosfeld, Irena; Roland, Gérard - C.E.P.R. Discussion Papers - 1995

This paper interprets the existing evidence on enterprise restructuring in Poland, Hungary and the Czech Republic. Despite differences in restructuring policies, the pattern of observed restructuring appears similar in the three countries. Contrary to initial expectations, managers of SOEs have...

Persistent link: https://www.econbiz.de/10005662184

Privatization, Political Risk and Stock Market Development

Perotti, Enrico C; van Oijen, Pieter - C.E.P.R. Discussion Papers - 1999

This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock … market development through the resolution of political risk. We argue that a sustained privatization program represents a … to regulatory and private property rights. We present evidence suggesting that progress in privatization is correlated …

Persistent link: https://www.econbiz.de/10005662345

Who Wants To Revise Privatization? The Complementarity of Market Skills and Institutions

Denisova, Irina; Eller, Markus; Frye, Timothy; … - C.E.P.R. Discussion Papers - 2009

autocracy and weak governance institutions there is no significant difference in support for revising privatization between high … level of support for revising privatization between the high and low skilled grows dramatically. This finding contributes to …

Persistent link: https://www.econbiz.de/10005666546

Confidence Building in Emerging Stock Markets

Laeven, Luc; Perotti, Enrico C - C.E.P.R. Discussion Papers - 2001

, and are initially not fully credible. We argue that sustained privatization and liberalization programmes represent a … major test of political commitment to safer private property rights. We investigate whether successful privatization has a … privatization gradually leads to increased confidence. Moreover, increased confidence has a strong effect on local market …

Persistent link: https://www.econbiz.de/10005666557