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Income, happiness, and the disutility of labor
Knabe, Andreas; Rätzel, Steffen - 2009
We reexamine the claim that the effect of income on subjective well-being suffers from a systematic downward bias if one ignores that higher income is typically associated with more work effort. We analyze this claim using German panel data, controlling for individual unobserved heterogeneity,...
Persistent link: https://www.econbiz.de/10003876027
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Optimal taxation under different concepts of justness
Jessen, Robin; Metzing, Maria; Rostam-Afschar, Davud - 2017
A common assumption in the optimal taxation literature is that the social planner maximizes a welfarist social welfare function with weights decreasing with income. However, high transfer withdrawal rates in many countries imply very low weights for the working poor in practice. We reconcile...
Persistent link: https://www.econbiz.de/10011721431
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Distributional effects of a minimum wage in a welfare state : the case of Germany
Müller, Kai-Uwe; Steiner, Viktor - 2013
A popular argument for a federal minimum wage is that it will prevent in-work poverty and reduce income inequality. We …
Persistent link: https://www.econbiz.de/10010234179
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Measuring unfair inequality : reconciling equality of opportunity and freedom from poverty
Hufe, Paul; Kanbur, Ravi; Peichl, Andreas - 2020
Empirical evidence on distributional preferences shows that people do not judge inequality as problematic per se but … inequality do not adequately reflect these normative preferences. In this paper we address this shortcoming by developing a new … measure of unfair inequality that reconciles two widely-held fairness principles: equality of opportunity and freedom from …
Persistent link: https://www.econbiz.de/10012236841
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Behavioral Strong Implementation
Hayashi, Takashi; Jain, Ritesh; Korpela, Ville; … - 2021
Choice behavior is rational if it is based on the maximization of some context-independent preference relation. This study re-examines the questions of implementation theory in a setting where players’ choice behavior need not be rational and coalition formation must be taken into account. Our...
Persistent link: https://www.econbiz.de/10012503094
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Habit formation and the Pareto-efficient provision of public goods
Aronsson, Thomas; Schöb, Ronnie - 2017
This paper examines the implications of habit formation in private and public consumption for the Pareto-efficient provision of public goods, based on a two-period model with nonlinear taxation. If the public good supply is time-invariant, the presence of habit formation generally alters the...
Persistent link: https://www.econbiz.de/10011587590
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Labor market and income effects of a legal minimum wage in Germany
Müller, Kai-Uwe; Steiner, Viktor - 2010
In view of rising wage and income inequality, the introduction of a legal minimum wage has recently become an important … reducing income inequality, even if it led to a substantial increase in hourly wages at the bottom of the wage distribution … ; income distribution ; inequality ; microsimulation …
Persistent link: https://www.econbiz.de/10003962944
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Identifying income and wealth-poor households in the euro area
Müller, Philip; Schmidt, Tobias - 2015
In this paper, we analyse different measures of asset and income poverty using micro-data for 15 euro area countries from the 2010 Household Finance and Consumption Survey (HFCS). We are particularly interested in the way in which specific definitions of income and wealth poverty affect the...
Persistent link: https://www.econbiz.de/10011373659
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Microfinance at the margin : experimental evidence from Bosnia and Herzegovina
Augsburg, Britta; Haas, Ralph de; Harmgart, Heike; … - 2014
We use a randomised controlled trial (RCT) to analyse the impact of microcredit on poverty reduction in Bosnia and Herzegovina. The study population are loan appli-cants that would normally have just been rejected based on regular screening. We find that access to credit allowed borrowers to...
Persistent link: https://www.econbiz.de/10010247395
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Group lending or individual lending? : evidence from a randomised field experiment in Mongolia
Attanasio, Orazio P.; Augsburg, Britta; Haas, Ralph de; … - 2014
Although microfinance institutions across the world are moving from group lending towards individual lending, this strategic shift is not substantiated by sufficient empirical evidence on the impact of both types of lending on borrowers. We present such evidence from a randomised field...
Persistent link: https://www.econbiz.de/10010247409