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The Dynamics of Exclusion and Fiscal Conservatism
Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 1994
This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the bottom portion of income distribution. It is argued that, contrary to what is generally assumed in the economic literature, inequality will then be associated with less, rather...
Persistent link: https://www.econbiz.de/10005136638
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Average-cost Pricing and Dynamic Selection Incentives in the Hospital Sector
Kifmann, Mathias; Siciliani, Luigi - C.E.P.R. Discussion Papers - 2014
framework. Patients differ in severity within a DRG. Providers are to some extent altruistic. For low altruism, a downward … spiral of prices is possible which induces hospitals to focus on low-severity cases. For high altruism, dynamic price … adjustment depends on relation between patients’ severity and benefit. In a steady state, DRG prices are unlikely to give optimal …
Persistent link: https://www.econbiz.de/10011084199
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Productivity in Cities: Self-Selection and Sorting
Venables, Anthony J - C.E.P.R. Discussion Papers - 2010
Productivity is high in cities partly because the urban environment acts as a self-selection mechanism. If workers have …
Persistent link: https://www.econbiz.de/10008682886
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Vog: Using Volcanic Eruptions to Estimate the Health Costs of Particulates and SO2
De Paula, Áureo; Halliday, Timothy J.; Lynham, John - C.E.P.R. Discussion Papers - 2015
Kilauea volcano is the largest stationary source of SO2 pollution in the United States of America. Moreover, the SO2 that the volcano emits eventually forms particulate matter, another major pollutant. We use this exogenous source of pollution variation to estimate the impact of particulate...
Persistent link: https://www.econbiz.de/10011252621
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Sources of Comparative Advantage in Polluting Industries
Broner, Fernando A; Bustos, Paula; Carvalho, Vasco M - C.E.P.R. Discussion Papers - 2012
We study the determinants of comparative advantage in polluting industries. We combine data on environmental policy at the country level with data on pollution intensity at the industry level to show that countries with laxer environmental regulation have a comparative advantage in polluting...
Persistent link: https://www.econbiz.de/10011083788
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Does Supporting Passenger Railways Reduce Road Traffic Externalities?
Lalive, Rafael; Luechinger, Simon; Schmutzler, Armin - C.E.P.R. Discussion Papers - 2013
Many governments subsidize regional rail service as an alternative to road traffic. This paper assesses whether increases in service frequency reduce road traffic externalities. We exploit differences in service frequency growth by procurement mode following a railway reform in Germany to...
Persistent link: https://www.econbiz.de/10011083939
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Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe
Bovenberg, A Lans; Nijman, Theo E - C.E.P.R. Discussion Papers - 2015
Private pension provision faces the challenging task of providing stable income streams during retirement. The challenge has increased markedly in the last decades due to volatile financial markets, falling interest rates and the withdrawal of employers and external insurers as risk bearers of...
Persistent link: https://www.econbiz.de/10011252616
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Professional Network and Career Coevolution
Berardi, Nicoletta; Seabright, Paul - C.E.P.R. Discussion Papers - 2011
This paper examines how networks of professional contacts contribute to the development of the careers of executives of European and US companies. We build a dynamic model of career progression in which career moves both depend upon existing networks and contribute to the development of future...
Persistent link: https://www.econbiz.de/10009359489
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Are Risk Aversion and Impatience Related to Cognitive Ability?
Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe - C.E.P.R. Discussion Papers - 2008
Is the way that people make risky choices, or tradeoffs over time, related to cognitive ability? This paper investigates whether there is a link between cognitive ability, risk aversion, and impatience, using a representative sample of the population and incentive compatible measures. We conduct...
Persistent link: https://www.econbiz.de/10005666531
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So Many Rocket Scientists, so Few Marketing Clerks: Occupational Mobility in Times of Rapid Technological Change
Campos, Nauro F; Dabusinskas, Aurelijus - C.E.P.R. Discussion Papers - 2002
The transition from centrally planned to market economy involves a process of massive occupational change that has been largely neglected in the literature. This paper investigates this process using data from the 1995 Estonian Labour Force Survey. We find that between 35 and 50 percent of wage...
Persistent link: https://www.econbiz.de/10005666663