Showing 1 - 10 of 624
We show how experience and dynamic learning processes reduce the obstacles to optimization imposed by information frictions when individuals newly enter the formal sector economy. Most importantly, we provide causal evidence on the exact mechanisms through which individuals learn about the...
Persistent link: https://www.econbiz.de/10012918220
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda …. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the … national plebiscites, to study the link between other-regarding preferences and support for redistribution in a broad sample of …
Persistent link: https://www.econbiz.de/10014083850
agents' biased perceptions with this information has a significant effect on their stated preferences for redistribution … levels of redistribution when informed of their true ranking. This relationship between biased perceptions and political … attitudes provides an alternative explanation for the relatively low degree of redistribution observed in modern democracies …
Persistent link: https://www.econbiz.de/10013125167
economics. This paper explores voting on a scheme of intergroup competition which facilitates cooperation in a social dilemma … electoral outcome depends strongly on specific voting rules of institutional choice. If the majority decides, competition is …
Persistent link: https://www.econbiz.de/10013104948
We study communication in committees selecting one of two alternatives when consensus is required and agents have private information about their preferences. Delaying the decision is costly, so a form of multiplayer war of attrition emerges. Waiting allows voters to express the intensity of...
Persistent link: https://www.econbiz.de/10012915720
The concept of equality of opportunity (EOp) goes back to Roemer (1993, 1998) who argues that a society shall guarantee its members equal access to advantage regardless of their circumstances, while holding them responsible for turning that access into actual advantage by the application of...
Persistent link: https://www.econbiz.de/10013134930
We apply the Kakwani approach to decomposing redistributive effect into average rate, progressivity, and reranking components using yearly UK data covering 1977-2018. We examine cash and in-kind benefits, and direct and indirect taxes. In addition, we highlight an empirical implementation issue...
Persistent link: https://www.econbiz.de/10014030842
do not decline, indicating no loss in redistribution. Our estimates imply a 9-14% social tax rate. The welfare benefits … of informal redistribution may come at a cost, depressing labor supply and productivity …
Persistent link: https://www.econbiz.de/10014241663
This paper studies optimal unemployment benefit levels and optimal proportional income tax rates over the business cycle. Previous research suggests that policy makers should make unemployment insurance (UI) dependent on the business cycle because the UI system can be used to smooth consumption...
Persistent link: https://www.econbiz.de/10013111201
We study a competitive labor market with imperfect information. In our basic model, the labor market consists of heterogeneous workers and ex ante identical firms who have only imperfect private information about workers' productivities. Firms compete by posting wages in order to cherry-pick...
Persistent link: https://www.econbiz.de/10013157747