Showing 1 - 10 of 1,552
taxes under a balanced-budget rule in the presence of consumption externalities of the "keeping up with the Joneses" type … eliminating belief-driven cyclical fluctuations. Moreover, for higher values of consumption externalities, saddle path stability …
Persistent link: https://www.econbiz.de/10013099685
Research consistently finds more workplace injuries occur on Mondays than on other weekdays. One hypothesis is that workers fraudulently claim that off-the-job weekend sprains and strains occurred at work on the Monday in order to receive workers' compensation. We test this using data from New...
Persistent link: https://www.econbiz.de/10012844821
selection. Building on their framework we demonstrate that externalities between agents - an agent's utility upon accepting a … when the size of the externalities is arbitrarily small. Our result highlights the degree of control a principal has over …
Persistent link: https://www.econbiz.de/10012763924
We show that downsizing has substantial externalities on the health of workers who remain in the firm. To this end, we … health externalities due to downsizing imply non-negligible cost for firms, and that wage cuts may have similar effects …
Persistent link: https://www.econbiz.de/10013252381
In this paper it is argued that subjective well-being of the individual depends on two types of variables. The first type consists of characteristics of the individual himself, such as age, health, income, etc. The second type of variables consists of the characteristics of the individuals...
Persistent link: https://www.econbiz.de/10013148080
We construct a model of offshoring with externalities and firm heterogeneity. Due to the presence of externalities … externalities can help explain the dynamic process of offshoring, where the most productive firms offshore first and the others …
Persistent link: https://www.econbiz.de/10014049472
This paper provides a novel microeconomic foundation for pecuniary human capital externalities in a labor market model …
Persistent link: https://www.econbiz.de/10013324941
This paper provides an empirical test of the rational addiction model, used in economics to model individuals …
Persistent link: https://www.econbiz.de/10012942107
This paper investigates the impact of drug decriminalization in Portugal using the Synthetic Control Method. The applied econometric methodology compares Portuguese drug-related variables with the ones extracted from a convex combination of similar European countries. The results suggest that a...
Persistent link: https://www.econbiz.de/10012950907
Market completeness has important implications for household behavior. I firmly reject complete markets for smallholders but am unable to do so for non-smallholders. This leads to important differences in production behavior: smallholders reallocate labor across activities less in response to...
Persistent link: https://www.econbiz.de/10012823301