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calculate social welfare weights by income level using the inverse optimal-tax method. We find that all political parties … roughly give a higher social welfare weight to the poor than to the rich. Furthermore, left-wing parties attach higher social … welfare weights to the poor and lower social welfare weights to the rich than right-wing parties do. However, we also discover …
Persistent link: https://www.econbiz.de/10011480464
The objective of this paper is to explain populist attitudes that are prevailing in a number of European democracies. Populist attitudes expectedly lead to social protests and populist votes. We capture the populist wave by relying not on voting behavior but rather on values that are...
Persistent link: https://www.econbiz.de/10012269528
, whereas the conventional 100 % tax view holds under the standard utilitarian social welfare criterion, it does not hold under … the ex post egalitarian criterion, which assigns a strong weight to the welfare of unlucky short-lived individuals. From …
Persistent link: https://www.econbiz.de/10011794141
The objective of this paper is to explain populist attitudes that are prevailing in a number of European democracies. Populist attitudes expectedly lead to social protests and populist votes. We capture the populist wave by relying not on voting behavior but rather on values that are...
Persistent link: https://www.econbiz.de/10012826060
The study of optimal long-term care (LTC) social insurance is generally carried out under the utilitarian social criterion, which penalizes individuals who have a lower capacity to convert resources into well-being, such as dependent elderly individuals or prematurely dead individuals. This...
Persistent link: https://www.econbiz.de/10012866386
postulated social welfare criterion. We first characterize optimal lockdown under utilitarianism, and we show that this social … further reduces average utility, but leads to a larger aggregate welfare. The optimal lockdown under utilitarianism is also …
Persistent link: https://www.econbiz.de/10013314954
This paper develops a Mirrlees (1971) framework with heterogeneous agents to analyze optimal redistributive taxes, optimal provision of public goods and the marginal cost of public funds (MCF). Standard MCF measures are shown to suffer from three defects: i) The MCF for the (non-individualized)...
Persistent link: https://www.econbiz.de/10010275021
The study of optimal long-term care (LTC) social insurance is generally carried out under the utilitarian social criterion, which penalizes individuals who have a lower capacity to convert resources into well-being, such as dependent elderly individuals or prematurely dead individuals. This...
Persistent link: https://www.econbiz.de/10012052766
Actual inheritances are an hybrid of canonical types of bequests and in particular of accidental bequests and altruistic bequests. In this paper, bequeathed estate consists of two components: an amount intended by altruistic parents and an amount which results from the premature death of...
Persistent link: https://www.econbiz.de/10010263979
This paper extends the standard human capital model with real options. Real options influence investment behavior when risky investments in human capital are irreversible and individuals can affect the timing of the investment. Option values make individuals more reluctant to invest in human...
Persistent link: https://www.econbiz.de/10010264119