Showing 1 - 10 of 1,822
Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second …
Persistent link: https://www.econbiz.de/10005765760
A Beveridgean pension scheme invariably reduces the marginal return to labour, and will thus discourage labour. A … pension contribution will discourage labour less if the scheme is Bismarckian than if it is Beveridgean. A Bismarckian scheme … may even encourage labour. …
Persistent link: https://www.econbiz.de/10005405736
The purpose of this paper is threefold. First, we survey the way in which the tax burden on labour has been proxied for … extent the conclusions of some studies change if some alternative indicator for the tax burden on labour is employed. We … indicator for the tax burden on labour is also shown to affect the conclusions of some well-known empirical models. …
Persistent link: https://www.econbiz.de/10005094230
Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second …-best efficient to deviate from Ramsey’s Rule and to distort qualified labour less than nonqualified labour. The result holds for …
Persistent link: https://www.econbiz.de/10005051540
This paper considers forecast averaging when the same model is used but estimation is carried out over different estimation windows. It develops theoretical results for random walks when their drift and/or volatility are subject to one or more structural breaks. It is shown that compared to...
Persistent link: https://www.econbiz.de/10012756639
In this paper we explore the implication of a morbidity risk for the relationship between longevity and annuitization. We divide old-age life into two periods with uncertain survival from the end of the first to the end of the second. We show that a rise in the survival rate causes different...
Persistent link: https://www.econbiz.de/10012759851
In a standard adverse selection world, asymmetric information about product quality leads to quality deterioration in the market. Suppose that a higher investment level makes the realization of high quality more likely. Then, if consumers observe the investment (but not the realization of...
Persistent link: https://www.econbiz.de/10012763910
This paper studies the design of the optimal non linear taxation in an economy where longevity varies across agents, and depends on three factors: longevity genes, health investment and farsightedness. Provided earnings, farsightedness and genes are correlated, governmental intervention can be...
Persistent link: https://www.econbiz.de/10012763911
We analyze the following question associated with flexible outsourcing under imperfect domestic labour market: How does … effect on low skilled wage and thus an outsourcing decreasing character. However due to labour union determination of effort …
Persistent link: https://www.econbiz.de/10012763993
We compare single ballot vs dual ballot elections under plurality rule, assuming sincere voting and allowing for partly endogenous party formation. Under the dual ballot, the number of parties is larger but the influence of extremist voters on equilibrium policy is smaller, because their...
Persistent link: https://www.econbiz.de/10012763997