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The Impact of Inequality on the Informal Economy in Latin America and the Caribbean with a MIMIC Model

Takanohashi, Marcos; Ribeiro, Marcel; Schneider, Friedrich - 2023

a MIMIC Base Model using a data set composed by 41 countries in LAC, in which both inequality and total factor … with the literature. When compared with a model using data from 188 countries, inequality has an impact ten-fold higher in … the level of informality. Results suggest the importance of tailored data set selection when modelling IE with MIMIC. …

Persistent link: https://www.econbiz.de/10014377436

Do Public Sector Employment Reductions Promote Informality?

Adam, Antonis; Moutos, Thomas - 2023

Using information from all IMF conditionality programs from 1990 to 2018, we implement a dynamic Augmented Inverse Probability Weighting Regression Adjustment approach to examine the effects of programs, including public sector dismissals, on the size of the shadow economy. The estimated effect...

Persistent link: https://www.econbiz.de/10014377588

Heterogeneous Substitutability Preferences

Drupp, Moritz A.; Meya, Jasper N.; Bos, Björn; Disque, … - 2024

We study the heterogeneity of preferences regarding the limited substitutability of environmental public goods vis-a-vis private consumption goods and how it affects the economic valuation of environmental public goods. We show theoretically that mean marginal willingness to pay for an...

Persistent link: https://www.econbiz.de/10015047280

Public-good valuation and intrafamily allocation

Strand, Jon - 2004

I derive values of marginal changes in a public good for two-person households, measured alternatively by household member i's willingness to pay (WTP) for the good on behalf of the household, WTPi(H), or by the sum of individual WTP values across family members, WTP(C). Households are assumed...

Persistent link: https://www.econbiz.de/10010261098

Economic incentives and social preferences : a preference-based Lucas critique of public policy

Bowles, Samuel; Polanía Reyes, Sandra - 2009

Policies and explicit private incentives designed for self-regarding individuals sometimes are less effective or even counterproductive when they diminish altruism, ethical norms and other social preferences. Evidence from 51 experimental studies indicates that this crowding out effect is...

Persistent link: https://www.econbiz.de/10010266032

Social preferences, beliefs, and the dynamics of free riding in public good experiments

Fischbacher, Urs; Gächter, Simon - 2008

We provide a test of the role of social preferences and beliefs in voluntary cooperation and its decline. We elicit individuals' cooperation preferences in one experiment and use them as well as subjects' elicited beliefs to explain contributions to a public good played repeatedly. We find...

Persistent link: https://www.econbiz.de/10010273781

Culture and cooperation

Gächter, Simon; Herrmann, Benedikt; Thöni, Christian - 2010

Does the cultural background influence the success with which genetically unrelated individuals cooperate in social dilemma situations? In this paper we provide an answer by analyzing the data of Herrmann et al. (Science 2008, pp. 1362-1367), who study cooperation and punishment in sixteen...

Persistent link: https://www.econbiz.de/10010273873

A note on the design of experiments involving public goods

Graves, Philip E. - 2010

Concern about potential free riding in the provision of public goods has a long history. More recently, experimental economists have turned their attention to the conditions under which free riding would be expected to occur. A model of free riding is provided here which demonstrates that...

Persistent link: https://www.econbiz.de/10010274945

Playing with the good guys : a public good game with endogenous group formation

Brekke, Kjell Arne; Hauge, Karen Evelyn; Lind, Jo Thori; … - 2009

In public good games, voluntary contributions tend to start off high and decline as the game is repeated. If high contributors are matched, however, contributions tend to stay high. We propose a formalization predicting that high contributors will self-select into groups committed to charitable...

Persistent link: https://www.econbiz.de/10010276092

Pocketbook Voting and Social Preferences in Referenda

Meya, Johannes; Poutvaara, Panu; Schwager, Robert - 2015

We study the role of self-interest and social preferences in referenda. Our analysis is based on collective purchasing decisions of university students on deep-discount flat rate tickets for public transportation and culture. Individual usage data allows quantifying monetary benefits associated...

Persistent link: https://www.econbiz.de/10010500430