Showing 1 - 10 of 108
We study voting over higher education finance in an economy with risk averse households who are heterogeneous in income. We compare four different systems and analyse voters' choices among them: a traditional subsidy scheme, a pure loan scheme, income contingent loans and graduate taxes. Using...
Persistent link: https://www.econbiz.de/10010271868
We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and other...
Persistent link: https://www.econbiz.de/10010274848
We estimate Okun's law, the negative relationship between output and the unemployment rate, at the sector level for the US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are different across countries. Specifically, we show that...
Persistent link: https://www.econbiz.de/10012841145
Random factors such as bad weather or exogenous economic shocks affect the re-election of politicians and can reduce accountability. Such distorted election choices interact with the architecture of government. Contrasting centralized with decentralized political systems, this study shows that...
Persistent link: https://www.econbiz.de/10010274383
Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the pension space, which measures the capacity to pay for pension expenditures out of labour taxation, and the pension space exhaustion probability reflecting demographic...
Persistent link: https://www.econbiz.de/10014347982
Frankreich lediglich in den Jahren 1998 und 1999 im Gegensatz zu Deutschland einen sehr kräftigen, aber bald darauf wieder … Vergleich zu Deutschland ausgeprägte Lohnzurückhaltung Frankreichs in den Vorjahren zurückzuführen ist. Zudem haben … reguliert ist als der deutsche. Die Wachstumsbedingungen sind insgesamt gesehen in Frankreich nicht besser als in Deutschland. …
Persistent link: https://www.econbiz.de/10011633097
This paper reviews changing income distributions in the United States, Germany, and the Netherlands, treating the three countries as leading economic performers in ' the three worlds of welfare capitalism.' Previous analyses have shown that earnings dispersion is increasing. The potential impact...
Persistent link: https://www.econbiz.de/10010377513
Persistent link: https://www.econbiz.de/10001574265
The paper aims at assessing discrete complementarities in innovation policies in the context of the Brazilian industry in 2003. The paper considers the approach advanced by Mohnen and and Röller [European Economic Review, 2005] that focuses on supermodularity and submodularity tests for...
Persistent link: https://www.econbiz.de/10010276376
Persistent link: https://www.econbiz.de/10011475536