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This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wage income going to the top decile of U.S. households since 1980. Under realistic assumptions, we find that all agents can benefit from the...
Persistent link: https://www.econbiz.de/10010877730
We explore the benefits of intergenerational risk-sharing through both private funded pensions and via the public debt. We use a multi-period overlapping generations model with a PAYG pension pillar, a funded pension pillar and a government. Shocks are smoothed via the public debt and variations...
Persistent link: https://www.econbiz.de/10010877853
prices versus tradable quantities in terms of expected welfare, given uncertainty, optimal policy and endogenous cost … structure. I show that one cannot determine which regulatory instrument that induces the highest expected welfare based on the …
Persistent link: https://www.econbiz.de/10010877871
We present the results from a natural experiment in which single mothers on welfare were stimulated to find a job. Two … municipalities in The Netherlands, a country with relatively high benefits and low incentives for single mothers to leave welfare for … work. In our analysis, we make a distinction between native and immigrant welfare recipients. For immigrant single mothers …
Persistent link: https://www.econbiz.de/10010877926
internal debt, a number of developing countries do not. In this paper, we analyze the effect on FDI and host country welfare of … limits facilitates more aggressive transfer pricing and results in lower host country welfare. …
Persistent link: https://www.econbiz.de/10011265255
This paper investigates the welfare costs of unilateral versus internationally coordinated emission permit policies in … country, the domestic welfare costs of a unilateral domestic permit policy are larger than of an internationally coordinated … the post-Kyoto era since bearing the costs of foreign actionism is cheaper, in terms of welfare, than agreeing on …
Persistent link: https://www.econbiz.de/10005013953
We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the … the set of all feasible thresholds, accounting for the “cost in terms of welfare” of achieving these rights. We apply the …
Persistent link: https://www.econbiz.de/10009651182
welfare, and potentially reduces voter welfare on policy outcomes, thus calling for more strict electoral laws. …
Persistent link: https://www.econbiz.de/10010548149
, since these policies have undesirable welfare effects among segments of wage-earning households, they may not garner the …
Persistent link: https://www.econbiz.de/10009224869
output and welfare increasing. …
Persistent link: https://www.econbiz.de/10009351471