Showing 1 - 10 of 99
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10004979401
We introduce a new ‘supply-push’ instrument for foreign aid, to be used together with an instrumental variable estimator that filters out unobserved common factors. We use this instrument to study the effects of aid on macroeconomic ratios, and especially the ratios of consumption,...
Persistent link: https://www.econbiz.de/10010948860
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