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efficiency and equity of the final outcome. Furthermore, these tendencies are stronger when the two players have conflicting …
Persistent link: https://www.econbiz.de/10011617904
questions in internet surveys across five countries: Germany, the US, Singapore, South Korea, and Japan. Our analysis shows that … foreigners. However, the degree of discrimination differs across countries. It is lowest in Germany and largest in Japan; the … education and altruistic discrimination differ widely. In Germany, people who have spent less time in education exhibit lower …
Persistent link: https://www.econbiz.de/10011645222
class of rules satisfying the properties, and find the tension between minimal properties of efficiency, fairness, and …
Persistent link: https://www.econbiz.de/10013350780
We analyze the impact of population aging on Japan’s household saving rate and on its public pension system and the impact of that system on Japan’s household saving rate and obtain the following results: first, the age structure of Japan’s population can explain the level of, and past and...
Persistent link: https://www.econbiz.de/10003490425
Martin Stuart ("Marty") Feldstein, currently George F. Baker Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, Inc. (NBER), is a renowned American economist who has made important contributions to public finance, macroeconomics,...
Persistent link: https://www.econbiz.de/10010381488
This paper examines various aspects of elderly poverty and its measurement. It first discusses some of the most important issues relating to measuring elderly poverty. It then reviews recent trends in elderly poverty, which show considerable heterogeneity in the extent of elderly poverty even...
Persistent link: https://www.econbiz.de/10012670775
The poor live paycheck to paycheck and are repeatedly exposed to strong cyclical income fluctuations. We investigate whether such income fluctuations affect risk preference among the poor. If risk preference temporarily changes around payday, optimal decisions made before payday may no longer be...
Persistent link: https://www.econbiz.de/10012509226
In this paper, we use micro data on a large number of European countries from the Survey of Health, Ageing and Retirement in Europe (SHARE) to examine the wealth accumulation (saving) behavior of the retired elderly in Europe. To summarize our main findings, we find that less than half of the...
Persistent link: https://www.econbiz.de/10013369636
The public acceptability of a carbon price depends on how the revenues from carbon pricing are used. In a fully incentivised experiment with a large representative sample of the German population, we compare five different revenue recycling schemes and show that support for a carbon price is...
Persistent link: https://www.econbiz.de/10014451968
This paper develops an endogenous growth model that incorporates a frictional inventor market and examines the allocation of inventors across firms, knowledge diffusion, and its impact on growth. In our model, inventors play dual roles: they engage in in-house R&D and transfer knowledge from...
Persistent link: https://www.econbiz.de/10015047427