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Is a Minimum Wage an Appropriate Instrument for Redistribution?
Gerritsen, Aart; Jacobs, Bas - CESifo - 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/10010736741
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Education, Disappointment and Optimal Policy
Anderberg, Dan; Cerrone, Claudia - CESifo - 2014
Justification for policies to encourage investments in education, particularly for individuals at the lower end of the ability distribution, may be provided by behavioural economics. We present a prototypical model where individuals who are potentially loss averse around their expected outcome...
Persistent link: https://www.econbiz.de/10011103402
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Roles of Social Conformity in Deviance in Poverty: A Study on Working Poverty and Educational Investment in Bangladesh
Bhattacharyay, Biswa N.; Gangopadhyay, Partha; Rahman, … - CESifo - 2013
In recent decades the Indian subcontinent has displayed remarkable invariance in the incidence of working poverty … despite strong economic performance. It is widely held that education can rescue households from various types of poverty … though social deviance in acquiring education can throw subjects into abject poverty. In particular, the paper examines the …
Persistent link: https://www.econbiz.de/10010693470