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Are All Democracies Equally Good? The Role of Interactions Between Political Environment and Inequality for Rule of Law
Sunde, Uwe; Cervellati, Matteo; Fortunato, Piergiuseppe - 2021
Using cross-country data, we find evidence for a significant negative interaction effect between democracy and … inequality in determining the quality of growth-promoting institutions like rule of law. Democracy is associated with …
Persistent link: https://www.econbiz.de/10013316859
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Rational Addiction and Time Consistency : An Empirical Test
Piccoli, Luca - 2020
This paper deals with one of the main empirical problems associated with the rational addiction theory, namely that its derived demand equation is not empirically distinguishable from models with forward looking behavior, but with time inconsistent preferences. The implication is that, even when...
Persistent link: https://www.econbiz.de/10012843165
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The Expansion of Higher Education and Time-Consistent Taxation
Poutvaara, Panu - 2007
This paper analyzes educational choices and political support for subsidies to higher education in the presence of a time-consistency problem in income redistribution. There may be political support for so generous subsidization that it motivates the median voter to obtain higher education. As a...
Persistent link: https://www.econbiz.de/10012776006
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Self-Regulation Through Goal Setting
Koch, Alexander K. - 2008
Goals are an important source of motivation. But little is known about why and how people set them. We address these questions in a model based on two stylized facts from psychology and behavioral economics: i) Goals serve as reference points for performance. ii) Present-biased preferences...
Persistent link: https://www.econbiz.de/10012768179
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Choice Over Time
Manzini, Paola; Mariotti, Marco - 2021
In the last twenty years a growing body of experimental evidence has posed a challenge to the standard Exponential Discounting Model of choice over time. Attention has focused on some specific 'anomalies', notably preference reversal and declining discount rates, leading to the formulation of...
Persistent link: https://www.econbiz.de/10013316853
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Wage Rigidity or Fiscal Redistribution? The Unemployment Bias of Time Consistent Redistributive Policies
Lehmann, Etienne - 2021
Because of Time Inconsistency considerations, policymakers underestimate the drawbacks of wage rigidity as a redistributive tool. Consequently, they redistribute inefficiently income from high to low skilled workers. They typically implement too much wage rigidity whereas other means (in...
Persistent link: https://www.econbiz.de/10013317603
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Privacy, Time Consistent Optimal Labor Income Taxation and Education Policy
Konrad, Kai A. - 2011
Incomplete information is a commitment device for time consistency problems. In the context of time consistent labor income taxation privacy can lead to a Pareto superior outcome and increases the effectiveness of public education as a second best policy
Persistent link: https://www.econbiz.de/10014163655
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Private Wealth and Planned Early Retirement : A Panel Data Analysis for the Netherlands, 1994-2009
van Ooijen, Raun - 2010
We study the causal relation between private wealth and retirement age. We propose two estimation strategies based on … heterogeneity in the disutility of work by using panel data techniques. Next, we exploit information on expected wealth accumulation … in order to identify the unexpected component in wealth accumulation. In line with the literature we find a small but …
Persistent link: https://www.econbiz.de/10013135647
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Multidimensional Affluence : Theory and Applications to Germany and the US
Peichl, Andreas - 2011
a common framework. We illustrate this by analyzing the role of income and wealth as dimensions of multidimensional well … the country ranking depending on the measure. While in Germany wealth predominantly contributes to the intensity of …
Persistent link: https://www.econbiz.de/10013120839
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Intergenerational Wealth Mobility in Rural Bangladesh
Asadullah, M. Niaz - 2011
Unique residential history data with retrospective information on parental assets are used to study household wealth … transition matrices show substantial persistence in wealth even when we correct for measurement errors in parental wealth. We do … not find wealth mobility to be higher between periods of a person's life than between generations. We find that the …
Persistent link: https://www.econbiz.de/10013121328