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are informed about personal characteristics in the second game. Results show that guilt-averse women are significantly … negative externality. Interestingly, we find that women are not sensitive to the decision context, i.e., even when social …
Persistent link: https://www.econbiz.de/10013296722
We model the optimal reaction of a public PAYG pension system to demographic shocks. We compare the ex-ante first best and second best solution of a Ramsey planner with full commitment to the outcome under simple third best rules that mimic the pension systems observed in the real world. The...
Persistent link: https://www.econbiz.de/10010264455