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Paul Samuelson made a series of important contributions to population theory for humans and other species, evolutionary theory, and the theory of age structured life cycles in economic equilibrium and growth. The work is highly abstract but much of it was intended to illuminate issues of...
Persistent link: https://www.econbiz.de/10012027303
We investigate the stability of self-control at the population level. Analyzing repeated Brief Self-Control Scale … scores, we demonstrate that self-control exhibits a high degree of mean-level, rank-order, and individual-level stability … important. The stability of self-control is particularly striking given our study period (2017-2020) spans the onset of the …
Persistent link: https://www.econbiz.de/10012803702
personality traits, challenges regarding the stability of preferences and traits, and challenges when inferring causality …
Persistent link: https://www.econbiz.de/10011613136
There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity concerns the motivational intricacies as well as the strength of other-regarding behaviors, and raises the question how one can parsimoniously model and characterize...
Persistent link: https://www.econbiz.de/10011912822
Parsimony is a desirable feature of economic models but almost all human behaviors are characterized by vast individual variation that appears to defy parsimony. How much parsimony do we need to give up to capture the fundamental aspects of a population's distributional preferences and to...
Persistent link: https://www.econbiz.de/10014419243
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
Minimum wages alter the allocation of firm-idiosyncratic risk across workers. To establish this result, we focus on Italy, and leverage employer-employee data matched to firm balance sheets and hand-collected wage floors. We find a relatively larger pass-through of firm-specific labor-demand...
Persistent link: https://www.econbiz.de/10012795332
H. Gregg Lewis did fundamental research outlining the economic effects of trade unions and considering how to measure them carefully. He also laid out the theory of the supply and demand for labor in careful detail that has underlain economists' thinking about these outcomes. Aside from...
Persistent link: https://www.econbiz.de/10012257818
In this paper, we assess the distributional impact of introducing a carbon tax in Poland. We apply a two-step simulation procedure. First, we evaluate the economy-wide effects with a dynamic general equilibrium model. Second, we use a microsimulation model based on household budget survey data...
Persistent link: https://www.econbiz.de/10012249650
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