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Falk, Armin - 2011

experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …

Persistent link: https://www.econbiz.de/10013121870

Correlation Neglect in Belief Formation

Enke, Benjamin - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such contexts many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10013072106

Determinants of Trust : the Role of Personal Experiences

Schwerter, Frederik; Zimmermann, Florian - 2021

Social interactions pervade daily life and thereby create an abundance of social experiences. Such personal experiences likely shape what we believe and who we are. In this paper, we ask if and how personal experiences from social interactions determine individuals’ inclination to trust...

Persistent link: https://www.econbiz.de/10013315368

Preferences for Consistency

Falk, Armin; Zimmermann, Florian - CESifo - 2011

experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …

Persistent link: https://www.econbiz.de/10009228620

Beliefs and Utility : Experimental Evidence on Preferences for Information

Falk, Armin - 2016

consumption have direct utility consequences. This gives rise to informational preferences, i.e., preferences over the timing and … structure of information. Using a novel and purposefully simple set-up, we experimentally analyze preferences for information …. Variations in prior distributions do not seem to affect information preferences …

Persistent link: https://www.econbiz.de/10012981291

Second-Best Income Taxation with Endogenous Human Capital and Borrowing Constraints

Jacobs, Bas - 2013

We formulate a two-period life-cycle model of saving, labor supply, and human capital investments when individuals differ in ability and initial wealth. Borrowing constraints prevent individuals to optimally smooth consumption over the life-cycle and to optimally invest in human capital. We show...

Persistent link: https://www.econbiz.de/10013084907

Optimal Taxation of Human Capital and theEarnings Function

Jacobs, Bas; Bovenberg, Lans - CESifo - 2008

This paper explores how the specification of the earnings function impacts the optimal tax treatment of human capital. If education is complementary to labor effort, education should be subsidized to offset tax distortions on labor supply. However, if most of the education is enjoyed by high...

Persistent link: https://www.econbiz.de/10005765751

Optimal Taxation of Risky Human Capital

Jacobs, Bas; Schindler, Dirk; Yang, Hongyan - CESifo - 2009

In a model with ex-ante homogenous households, earnings risk and a general earnings function, we derive the optimal linear labor tax rate and optimal linear education subsidies. The optimal income tax trades off social insurance against incentives to work and to invest in human capital....

Persistent link: https://www.econbiz.de/10005094432

Is Prescott Right? Welfare State Policies and the Incentives to Work, Learn and Retire

Jacobs, Bas - CESifo - 2008

This paper bolsters Prescott’s (2004) claim that high taxes are responsible for lacklustre labor market performance in continental European countries. We develop a lifecycle model with endogenous skill formation, endogenous labor supply, and endogenous retirement. Labor taxation distorts not...

Persistent link: https://www.econbiz.de/10005181523

Is a Minimum Wage an Appropriate Instrument for Redistribution?

Gerritsen, Aart - 2014

We analyze the redistributive (dis)advantages of a minimum wage over income taxation in competitive labor markets. A minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low-skilled workers. A simple condition based on three sufficient...

Persistent link: https://www.econbiz.de/10013059059