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On the desirability of taxing capital income to reduce moral hazard in social insurance
Jacobs, Bas; Schindler, Dirk - 2009
more attractive for social insurance if a larger part of risk is realized in the first period of the life-cycle. Our …-age individuals. -- optimal capital taxation ; risk ; Atkinson-Stiglitz theorem …
Persistent link: https://www.econbiz.de/10003887539
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The standard deviation of life-length, retirement incentives, and optimal pension design
Aronsson, Thomas; Blomquist, Nils Sören - 2010
of years spent in retirement" are characterized by constant or decreasing absolute risk aversion. A similar result …
Persistent link: https://www.econbiz.de/10008697501
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Catalysts for social insurance : education subsidies vs. real capital taxation
Schindler, Dirk; Yang, Hongyan - 2010
. -- human capital investment ; education subsidies ; capital taxation ; risk ; social insurance …
Persistent link: https://www.econbiz.de/10008797758
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Uncertain length of life, retirement age, and optimal pension design
Aronsson, Thomas; Blomquist, Nils Sören - 2018
In this paper, we consider how the hours of work and retirement age ought to respond to a change in the uncertainty of the length of life. In a first best framework, where a benevolent government exercises perfect control over the individuals' labor supply and retirement-decisions, the results...
Persistent link: https://www.econbiz.de/10011809912
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The usual suspects : does risk tolerance, altruism, and health predict the response to COVID-19?
Sheth, Ketki; Wright, Greg C. - 2020
find a quarter of students violated the order. Yet, neither risk preference, altruism, nor preexisting health conditions …
Persistent link: https://www.econbiz.de/10012213128
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Risk and heterogeneity in benefits from vocational versus general secondary-education : estimates for early and mature career stages in Portugal
Hartog, Joop; Raposo, Pedro; Reis, Hugo - 2023
the literature on wage effects we add a breakdown of variances in heterogeneity and risk. …
Persistent link: https://www.econbiz.de/10014309585
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Education, disappointment and optimal policy
Anderberg, Dan; Cerrone, Claudia - 2014
explore the design of policy. The model highlights the critical roles played by (i) the relationship between behavioural risk … preferences, standard risk aversion and labour supply behaviour, (ii) the risk properties of education, and (iii) the degree of …
Persistent link: https://www.econbiz.de/10010467858
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Business decision-making under uncertainty : evidence from employment and number of businesses
Ghosal, Vivek; Ye, Yang - 2013
Using the framework provided by the asymmetric-information and real-options theories, we examine the impact of uncertainty on firms' decisions and market outcomes. We construct alternative measures of uncertainty based on survey of professional forecasters and our estimation of regression-based...
Persistent link: https://www.econbiz.de/10009764986
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The effect of better information on income inequality
Eckwert, Bernhard; Zilcha, Itzhak - 2003
) If the relative measure of risk aversion is less (more) than 1 then more information raises (reduces) income inequality …. (b) When a risk sharing market is available better information results in higher inequality regardsless of the measure … risk aversion. …
Persistent link: https://www.econbiz.de/10011507996
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Legal uncertainty as a welfare enhancing screen
Lang, Matthias - 2016
Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...
Persistent link: https://www.econbiz.de/10011557794