Showing 1 - 4 of 4
We develop a model that allows for public goods and status signaling through charitable contributions. This model provides a unified framework in which contributions are driven both by altruism and status signaling. We use this setup to re-examine the conventional practice of rendering a...
Persistent link: https://www.econbiz.de/10012777729
The welfare state is not merely a stand-in for missing markets; it can do a whole lot more. When generations overlap and the young must borrow to make educational investments, a dynamically-efficient welfare state, by taxing the middle-aged and offering a compensatory old-age pension, can...
Persistent link: https://www.econbiz.de/10013077021
We describe a “business as usual” (BAU) economy in which pollution is a by-product of productive activity by the current generation but “damages” production for future generations. Over time, conditions in the BAU economy become dire: it gets increasingly polluted, consumption falls and...
Persistent link: https://www.econbiz.de/10012981351
earning ability, family size can be used as a 'tagging' device, and calls for subsidizing children (via child allowances) to … enhance egalitarian objectives. We show that the case for subsidizing children crucially hinges on child allowances being … provided on a universal basis. Notably, when child benefits are means-tested, taxing children at the margin (namely, setting …
Persistent link: https://www.econbiz.de/10013147268