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The sustainability of the pay-as-you-go system with falling birth rates

Praag, Bernard M. S. van; Cardoso, Pedro - 2002

altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an …

Persistent link: https://www.econbiz.de/10011326408

On existence of private unemployment insurance with advance information on future job losses

Denderski, Piotr; Stoltenberg, Christian - 2021

We study the existence of a profitable unemployment insurance market in a dynamic economy with adverse selection rooting in information on future job losses. The new feature of the model is that the insurer and workers interact repeatedly. Repeated interactions make it possible to threaten...

Persistent link: https://www.econbiz.de/10012545133

Dynamic insurance and adverse selection

Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2001

We take a dynamic perspective on insurance markets under adverseselection and study a generalized Rothschildand Stiglitz model where agents may differ with respect to theaccidental probability and their expenditure levels incase an accident occurs. We investigate the nature of dynamicinsurance...

Persistent link: https://www.econbiz.de/10011318577

Dynamic insurance and adverse selection

Janssen, Maarten C. W.; Karamychev, Vladimir A. - 2001

Persistent link: https://www.econbiz.de/10001624802

Population ageing and pension reform in a small open economy with non-traded goods

Bettendorf, Leon; Heijdra, Ben J. - 2004

In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...

Persistent link: https://www.econbiz.de/10011343315

Capital markets integration, growth and income distribution : a dynamic analysis

Viaene, Jean-Marie; Zilcha, Itzhak - 1997

Persistent link: https://www.econbiz.de/10000976071

Optimal education when capital markets are integrated

Viaene, Jean-Marie; Zilcha, Itzhak - 1999

Persistent link: https://www.econbiz.de/10001363375

Monitoring your friends, not your foes : strategic ignorance and the delegation of real authority

Dominguez-Martinez, Silvia; Siemens, Ferdinand von; … - 2012

In this laboratory experiment we study the use of strategic ignorance to delegate real authority within a firm. A worker can gather information on investment projects, while a manager makes the implementation decision. The manager can monitor the worker. This allows her to better exploit the...

Persistent link: https://www.econbiz.de/10011382041

On esteem-based incentives

Mazyaki, Ali; Weele, Joël J. van der - 2018

Incentives based on esteem, honor and shame are increasingly popular and easy to use due to modern surveillance techniques. However, the use of shaming is controversial: critics argue that delegating punishment to a crowd can lead to mob justice and a loss of control over the size of the...

Persistent link: https://www.econbiz.de/10011844573

Gift-exchange, incentives, and heterogeneous workers

Non, Jan Adrianus - 2011

that the principal cares for them. Principals can signal their altruism by offering a generous contract, consisting of a … base salary and an output-contingent bonus. I find that principals signal their altruism by offering relatively weak … agents do not reciprocate the principal's altruism, the principal may find it optimal to write a contract that simultaneously …

Persistent link: https://www.econbiz.de/10011379625