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Can taxes stabilize the economy in the presence of consumption externalities?

Lloyd-Braga, Teresa; Modesto, Leonor - 2012

Considering a finance constrained economy, we discuss the stabilization role of variable labour and capital income taxes under a balanced-budget rule in the presence of consumption externalities of the keeping up with the Joneses type. We find that sufficiently procyclical labor and/or capital...

Persistent link: https://www.econbiz.de/10010289988

Can Taxes Stabilize the Economy in the Presence of Consumption Externalities?

Lloyd-Braga, Teresa; Modesto, Leonor - Institute for the Study of Labor (IZA) - 2012

Considering a finance constrained economy, we discuss the stabilization role of variable labour and capital income taxes under a balanced-budget rule in the presence of consumption externalities of the "keeping up with the Joneses" type. We find that sufficiently procyclical labor and/or capital...

Persistent link: https://www.econbiz.de/10010578209

On the Equilibrium and Welfare Consequences of 'Keeping up with the Joneses'

Gavrel, Frédéric; Rebiere, Therese - 2015

This paper provides an analysis of the social consequences of people seeking to keep up with the Joneses. All individuals attempt to reach a higher rank than the Joneses, including the Joneses themselves. This attitude gives rise to an equilibrium in which all individuals have equal utilities...

Persistent link: https://www.econbiz.de/10011288180

Why Do South Korean Firms Produce So Much More Output per Worker than Ghanaian Ones?

Baptist, Simon; Teal, Francis J. - 2015

Macro analysis of the sources of income differences has produced very different results as to the importance of education. In this paper we investigate the roles of education and technology in explaining differences in firm level productivity across Ghana and South Korea. The labour productivity...

Persistent link: https://www.econbiz.de/10011307374

Intangible Investment and Technical Efficiency: The Case of Software-Intensive Manufacturing Firms in Turkey

Findik, Derya; Tansel, Aysit - 2015

This chapter analyzes the effect of intangible investment on firm efficiency with an emphasis on its software component … technical efficiency in the software intensive manufacturing firms in Turkey for the period 2003-2007. Firms are classified … differentials in their firm efficiency. The results show that the effect of software investment on firm efficiency is larger in high …

Persistent link: https://www.econbiz.de/10011307465

Efficiency and Labor Market Dynamics in a Model of Labor Selection

Chugh, Sanjay K.; Merkl, Christian - 2015

This paper characterizes efficient labor-market allocations in a labor selection model. The model's crucial aspect is cross-sectional heterogeneity for new job contacts, which leads to an endogenous selection threshold for new hires. With cross-sectional dispersion calibrated to microeconomic...

Persistent link: https://www.econbiz.de/10011345350

The Relationship between Health and Schooling: What's New?

Grossman, Michael - 2015

Many studies suggest that years of formal schooling completed is the most important correlate of good health. There is much less consensus as to whether this correlation reflects causality from more schooling to better health. The relationship may be traced in part to reverse causality and may...

Persistent link: https://www.econbiz.de/10011401626

When Does FDI Have Positive Spillovers? Evidence from 17 Transition Market Economies

Gorodnichenko, Yuriy; Svejnar, Jan; Terrell, Katherine - 2013

and existing hypotheses about the impact of foreign direct investment (FDI) on the efficiency of domestic firms in the …

Persistent link: https://www.econbiz.de/10010329186

Efficiency-Morality Trade-Offs in Repugnant Transactions: A Choice Experiment

Elias, Julio; Lacetera, Nicola; Macis, Mario - 2016

Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We … conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors …

Persistent link: https://www.econbiz.de/10011559615

Are Rushed Privatizations Substandard? Analyzing Firm-Level Privatization under Fiscal Pressure

Hagemeier, Jan; Svejnar, Jan; Tyrowicz, Joanna - 2018

, increase or decrease firms' efficiency, scale of operation (size) and employment. Using a large panel of firm-level data from … Poland over 1995-2015, we show that rushed privatization has negative efficiency, scale and employment effects relative to … stronger than its negative effect on efficiency. Our results suggest that when policy makers resort to rushed privatization …

Persistent link: https://www.econbiz.de/10011873521

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