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Is Prescott Right? Welfare State Policies and the Incentives to Work, Learn and Retire

Jacobs, Bas - 2008

endogenous retirement. Labor taxation distorts not only labor supply, but also education and retirement decisions. Actuarially … unfair pensions further exacerbate labor tax distortions on retirement. Education subsidies can nevertheless cushion the … adverse impact of taxation on skill formation. Feedbacks between education, labor supply, and retirement are important. The …

Persistent link: https://www.econbiz.de/10012772137

Optimal Taxation of Human Capital and the Earnings Function

Jacobs, Bas; Bovenberg, A. Lans - 2021

. If education is complementary to labor effort, education should be subsidized to offset tax distortions on labor supply …. However, if most of the education is enjoyed by high ability households, education should be taxed in order to redistribute … resources to the poor. The paper identifies the exact conditions under which these two effects cancel and education should be …

Persistent link: https://www.econbiz.de/10013316559

Information Aggregation in Democratic Mechanisms

Britz, Volker - 2016

We examine whether and how democratic procedures can achieve socially desirable public good provision in the presence of profound uncertainty about the benefits of public goods, i.e., when citizens are able to identify the distribution of benefits only if they aggregate their private...

Persistent link: https://www.econbiz.de/10012994342

Symmetric and Asymmetric Committees

Ben-Yashar, Ruth - 2011

This paper studies the assignment of decision makers to two committees that make decisions by a simple majority rule. There is an even number of decision makers at each of various skill levels and each committee has an odd number of members. Surprisingly, even with the symmetric assumptions in...

Persistent link: https://www.econbiz.de/10013122583

On the Political Economy of University Admission Standards

De Donder, Philippe - 2015

We study the political determination of the proportion of students attending university when access to higher education …

Persistent link: https://www.econbiz.de/10013021411

Voting in Hiring Committees : Which 'Almost' Rule is Optimal?

Baharad, Eyal - 2018

We determine the scoring rule that is most likely to select a high-ability candidate. A major result is that neither the widely used plurality rule nor the inverse-plurality rule are ever optimal, and that the Borda rule is hardly ever optimal. Furthermore, we show that only the...

Persistent link: https://www.econbiz.de/10012924991

Majority Vote on Educational Standards

Schwager, Robert - 2018

The direct democratic choice of an examination standard, i.e., a performance level required to graduate, is evaluated against a utilitarian welfare function. It is shown that the median preferred standard is inefficiently low if the marginal cost of reaching a higher performance reacts more...

Persistent link: https://www.econbiz.de/10012925249

When is Voting Optimal?

Ben-Yashar, Ruth - 2015

We consider a framework where the optimal decision rule determining the collective choice depends in a simple way on the decision makers' posterior probabilities of a particular state of nature. Nevertheless, voting is generally an inefficient way to make collective choices and this paper sheds...

Persistent link: https://www.econbiz.de/10013030489

Educational and Wage Risk : Social Insurance vs. Quality of Education

Schindler, Dirk; Weigert, Benjamin - 2021

In this model of education, where individuals are exposed both to educational risk and to wage risk within the skilled … enhancing the quality of education. The necessary expenditures are optimally financed by regressive tuition fees and the net …

Persistent link: https://www.econbiz.de/10013316416

The Political Economy of Intergenerational Cooperation

Cigno, Alessandro - 2021

redistribution might be supported by either a constitution, or some kind of voting equilibrium …

Persistent link: https://www.econbiz.de/10013318048

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