Showing 1 - 10 of 678
We analyze the role of optimal income taxation across different local labor markets. Should labor in large cities be taxed differently than in small cities? We find that a planner who needs to raise revenue and is constrained by free mobility of labor across cities does not choose equal taxes...
Persistent link: https://www.econbiz.de/10010470412
Udry (1996) uses household survey data and finds that the allocation of resources within households is Pareto … years, households try to avoid losses from Pareto inefficiency. -- intrahousehold allocation ; collective household models … ; Pareto efficiency ; Africa …
Persistent link: https://www.econbiz.de/10003287812
prediction of these models has not been validated, essentially because intrahousehold allocation is seldom observed. We provide … expenditures of each family member. We also test the core assumption (efficiency) and homogeneity assumptions used for …
Persistent link: https://www.econbiz.de/10012519216
We investigate the welfare implications of two pre-crisis immigration waves (1991-2000 and 2001-2010) and of the post-crisis wave (2011-2015) for OECD native citizens. To do so, we develop a general equilibrium model that accounts for the main channels of transmission of immigration shocks - the...
Persistent link: https://www.econbiz.de/10011874688
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examine how international...
Persistent link: https://www.econbiz.de/10003586563
China has achieved impressive growth over the last three decades. However, there has been debate over the sources of … quantifying their contributions to growth. In this paper, we develop a three-sector dynamic model to quantify the sources of China … continues to absorb more than half of all fixed investment. If capital had been allocated efficiently, China could have achieved …
Persistent link: https://www.econbiz.de/10003940472
This paper looks at how individual preferences for the allocation of government spending change along the life cycle …. Our findings are consistent with a body of literature arguing that conflict across generations over the allocation of …
Persistent link: https://www.econbiz.de/10011450600
from limited spaces but also from inefficient allocation. By means of simulations under different scenarios, we contrast a … stylized version of decentralized allocation to a centralized allocation mechanism which applies a deferred …
Persistent link: https://www.econbiz.de/10010510511
, the composition effects may also reflect an efficiency enhancing mechanism. We use a newly available dataset based on … allocative efficiency on wages paid across firms. We show that this measure has improved over time since prior to the recent … measure of allocative efficiency over this period correlates positively with measures of economic activity (evolution of …
Persistent link: https://www.econbiz.de/10011796392
Using a new survey, we show that the dispersion of marginal products across firms in the European Union is about twice as large as that in the United States. Reducing it to the US level would increase EU GDP by more than 30 percent. Alternatively, removing barriers between industries and...
Persistent link: https://www.econbiz.de/10011815929