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Willingness to Pay for Carbon Mitigation: Field Evidence from the Market for Carbon Offsets
Rodemeier, Matthias - 2023
What do markets for voluntary climate protection imply about people's valuations of en- vironmental protection? I study this question in a large-scale field experiment (N=255,000) with a delivery service, where customers are offered carbon offsets that compensate for emissions. To estimate...
Persistent link: https://www.econbiz.de/10014296683
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Information Nudges, Subsidies, and Crowding Out of Attention: Field Evidence from Energy Efficiency Investments
Rodemeier, Matthias; Löschel, Andreas - 2023
How can information substitute or complement financial incentives such as Pigouvian subsidies? We answer this question in a large-scale field experiment that cross-randomizes energy efficiency subsidies with information about the financial savings of LED lighting. Information has two effects: It...
Persistent link: https://www.econbiz.de/10014296885
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Pension Incentives and Labor Supply: Evidence from the Introduction of Universal Old-Age Assistance in the UK
Giesecke, Matthias; Jaeger, Philipp - 2021
We study the labor supply implications of the Old-Age Pension Act (OPA) of 1908, which, for the first time, provided pensions to older people in the UK. Using recently released census data covering the entire population, we exploit variation at the newly created age-based eligibility threshold....
Persistent link: https://www.econbiz.de/10012597615
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Optimal Social Insurance and Rising Labor Market Risk
Krebs, Tom; Scheffel, Martin - 2019
This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and unobservable effort choice affecting the distribution of...
Persistent link: https://www.econbiz.de/10012005829
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Public and private insurance with costly transactions
Bertola, Giuseppe; Koeniger, Winfried - 2010
We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...
Persistent link: https://www.econbiz.de/10010274703
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Public and Private Insurance with Costly Transactions
Bertola, Giuseppe; Koeniger, Winfried - Institute for the Study of Labor (IZA) - 2010
We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...
Persistent link: https://www.econbiz.de/10008678696
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Inflation Adjustment and Labour Market Structures : Evidence from a Multi-Country Study
Nunziata, Luca; Bowdler, Christopher - 2005
An empirical analysis of the impact of labour market structures on the response of inflation to macroeconomic shocks is … presented. Results based on a 20 country panel show that if labour market coordination is high, the effect on inflation of … inflation to its reduced form determinants. These findings are attributed to the behaviour of wages following movements in …
Persistent link: https://www.econbiz.de/10010262222
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Modelling the Distributional Effects of the Cost-of-Living Crisis in Turkey and the South Caucasus: A Microsimulation Analysis
Can, Zeynep Gizem; O'Donoghue, Cathal; Sologon, Denisa Maria - 2023
changes. This paper explores the impact of inflation and uses compensating variations and equivalized incomes to measure … shifts in welfare in a cross-country comparative context. The effects of inflation are closely related to specific price … originally thought. Nevertheless, there are notable differences across countries in the level of inflation, its composition, and …
Persistent link: https://www.econbiz.de/10014469568
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The role of real wage rigidity and labor market frictions for unemployment and inflation dynamics
Christoffel, Kai; Linzert, Tobias - 2005
employment and hours affecting inflation dynamics via marginal costs. We find that the response of unemployment and inflation to … persistent movements of aggregate inflation. Moreover, the impact of a monetary policy shock on unemployment and inflation …
Persistent link: https://www.econbiz.de/10010267287
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Restaurant prices and the minimum wage
Fougère, Denis; Gautier, Erwan; Le Bihan, Hervé - 2009
We examine the effect of the minimum wage on restaurant prices. We contribute to both the study of economic impact of the minimum wage and to the micro patterns of price stickiness. For that purpose, we use a unique dataset of individual price quotes collected to calculate the Consumer Price...
Persistent link: https://www.econbiz.de/10010269191