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Self-enforcing intergenerational social contract as a source of Pareto improvement and pollution mitigation

Nguyen Thang Dao; Burghaus, Kerstin; Edenhofer, Ottmar - 2016

bargaining leads to a steady state with lower pollution stock and higher income compared to the steady state without a contract … improving mitigation is no longer possible and the economy converges to a steady state with high pollution stock and low income …

Persistent link: https://www.econbiz.de/10011474731

Why to invest in your neighbor? : social contract on educational investment

Poutvaara, Panu; Kanniainen, Vesa - 1999

It may be in the interest of low-ability individuals to subsidize the education of high-ability individuals. Sufficient conditions are surprisingly mild: positive externalities in education and complementarity in production between human capital and labor supllied by the low-ability individuals....

Persistent link: https://www.econbiz.de/10009781697

Distributive justice and social conflict in an AK model

Tsoukis, Christopher; Itaya, Jun-ichi - 2019

We introduce distributive justice into a simple model of growth and distribution. Two groups ("classes") of otherwise identical, capital-rich and capital-poor individuals ("capitalists") and ("workers") are in conflict over factor (labour-capital) shares. Capitalists' (workers') ideal labour...

Persistent link: https://www.econbiz.de/10011996775

Fiscal constitutions

Gersbach, Hans - 1999

In this paper we examine how individuals should be treated with respect to taxes, subsidies and agenda setting in constitutions in order to obtain efficient allocations of public goods and to limit tax distortions. We show that if public goods are socially desirable, the simple majority rule as...

Persistent link: https://www.econbiz.de/10009781718

Subsidies, information, and the timing of children's health care in Mali

Sautmann, Anja; Brown, Samuel; Dean, Mark - 2016

randomized control trial of 1544 children in Mali. In a dynamic model of healthcare demand, misuse relative to policymaker …

Persistent link: https://www.econbiz.de/10011523725

European trade, colonialism and human capital accumulation in Senegal, Gambia and Western Mali, 1770-1900

Cappelli, Gabriele; Baten, Jörg - 2017

We trace the development of human capital in today's Senegal, Gambia, and Western Mali between 1770 and 1900. European …

Persistent link: https://www.econbiz.de/10011653651

Marginal tax rates and tax-favoured pension savings of the self-employed : evidence from Sweden

Selin, Håkan - 2010

In recent years, the study of how individuals respond to policies that aim at promoting pension savings has emerged as a vital area of economic research. This paper adds to this literature by estimating the tax price elasticity of contributions to tax-favoured pension savings accounts on a...

Persistent link: https://www.econbiz.de/10003969251

The role of independent fiscal policy institutions

Kunze, Lars - 2011

The paper analyses how independent fiscal watchdogs (fiscal policy councils) can strengthen the incentives for fiscal discipline. By increasing fiscal transparency they can raise the awareness of the long-run costs of current deficits and increase the reputational costs for governments of...

Persistent link: https://www.econbiz.de/10009011359

Limits of monetary policy autonomy by East Asian debtor central banks

Löffler, Axel; Schnabl, Gunther; Schobert, Franziska - 2012

-Gordon-type central bank loss function that in both cases surplus liquidity limits monetary policy autonomy. In case of fixed exchange … rates East Asian central banks can escape from the impossible trinity and gain monetary policy autonomy by using non …-market-based sterilization which leads to financial sector distortions. In a flexible exchange rate regime monetary policy autonomy can be gained …

Persistent link: https://www.econbiz.de/10009500749

Liquidity constraints, household wealth, and entrepreneurship revisited

Fairlie, Robert W.; Krashinsky, Harry A. - 2012 - Current Draft: August 2011

A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship as providing evidence of liquidity constraints. Recently, however, the liquidity constraint interpretation has been challenged because of the finding that the relationship...

Persistent link: https://www.econbiz.de/10009522307