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Are Income and Consumption Taxes Ever Really Equivalent? Evidence from a Real-Effort Experiment with Real Goods

Blumkin, Tomer; Ruffle, Bradley J.; Ganun, Yosef - 2021

The public finance literature demonstrates the equivalence between consumption and labor income (wage) taxes. We construct an environment in which individuals make real labor-leisure choices and spend their earned income on real goods. We use this experimental framework to test whether a labor...

Persistent link: https://www.econbiz.de/10013316637

Family Disadvantage and the Gender Gap in Behavioral and Educational Outcomes

Autor, David H. - 2016

Using birth certificates matched to schooling records for Florida children born 1992 – 2002, we assess whether family … gap in neonatal health. We conclude that the gender gap among black children is larger than among white children in … substantial part because black children are raised in more disadvantaged families …

Persistent link: https://www.econbiz.de/10012988233

The Causal Effect of Parents' Schooling on Children's Schooling - A Comparison of Estimation Methods

Holmlund, Helena; Lindahl, Mikael; Plug, Erik - 2021

We review the empirical literature that estimates the causal effect of parent’s schooling on child’s schooling, and conclude that estimates differ across studies. We then consider three explanations for why this is: (a) idiosyncratic differences in data sets; (b) differences in remaining...

Persistent link: https://www.econbiz.de/10013316139

Partial Coercion, Conditional Cooperation, and Self-Commitment in Voluntary Contributions to Public Goods

Cettolin, Elena - 2011

In this paper we experimentally investigate whether partial coercion can in combination with conditional cooperation increase contributions to a public good. We are especially interested in the behavior of the non-coerced populations. The main finding is that in our setting conditional...

Persistent link: https://www.econbiz.de/10013120907

Voting When the Stakes are High

Andersen, Jørgen Juel - 2010

Rational choice theories of electoral participation stress that an individual's decision to vote depends on her expected net benefit from doing so. If this instrumental motive is relevant, then turnout should be higher in elections where more is at stake. We test this prediction, by studying how...

Persistent link: https://www.econbiz.de/10013138026

Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting

Traeger, Christian P. - 2012

that are imposed in the evaluation of uncertain scenarios. Imposing all rationality constraints jointly eliminates pure …

Persistent link: https://www.econbiz.de/10013107349

Petroleum Tax Competition Subject to Capital Rationing

Osmundsen, Petter - 2017

The recent dramatic fall in oil prices has led to extensive capital rationing in international oil companies, and subsequent fierce competition between resource extraction countries to attract scarce investment. This situation is not adequately addressed by the large literature on international...

Persistent link: https://www.econbiz.de/10012958877

Market Depth, Leverage, and Speculative Bubbles

Enders, Zeno - 2019

We develop a model of rational bubbles based on leverage and the assumption of an imprecisely known maximum market size. In a bubble, traders push the asset price above its fundamental value in a dynamic way, driven by rational expectations about future price developments. At a previously...

Persistent link: https://www.econbiz.de/10012899999

Endogenous Public Information and Welfare in Market Games

Vives, Xavier - 2016

This paper performs a welfare analysis of economies with private information when public information is endogenously generated and agents can condition on noisy public statistics in the rational expectations tradition. We find that equilibrium is not (restricted) efficient even when feasible...

Persistent link: https://www.econbiz.de/10013008600

Rationality in Economics : Theory and Evidence

Dhami, Sanjit - 2018

We examine the various senses in which economist use the term “rationality” and then outline some of the commonly drawn …

Persistent link: https://www.econbiz.de/10012924344