Similar Search Results

The Upside-Down Economics of Regulated and Otherwise Rigid Prices

Mulligan, Casey B. - 2016

A hedonic model featuring quality-quantity tradeoffs reveals a number of surprising market behaviors that can result from price regulations that are imposed on competitive markets for products that have adjustable non-price attributes. Quality need not clear a competitive market in the same way...

Persistent link: https://www.econbiz.de/10012989732

In-Kind Taxes, Behavior, and Comparative Advantage

Mulligan, Casey B. - 2015

This paper treats taxation in kind (IKT) as an example of price regulation, emphasizing IKT-avoidance behavior, and its interactions with the other costs of price controls. This emphasis fundamentally changes efficiency conclusions, and adds new ones. IKTs do not in fact randomly sample...

Persistent link: https://www.econbiz.de/10013014679

Social Security in Theory and Practice (Ii) : Efficiency Theories, Narrative Theories, and Implications for Reform

Mulligan, Casey B.; Sala-i-Martin, Xavier - 2021

human capital externalities', optimal retirement insurance', the prodigal father problem', the misguided Keynesian', the … also analyze four narrative' theories of social security: the chain letter theory', the lump of labor theory', the monopoly … capitalism theory', and the Sub-but-Nearly-Optimal policy response to private pensions theory'. The political and efficiency …

Persistent link: https://www.econbiz.de/10013223569

Political Entry, Public Policies, and the Economy

Mulligan, Casey B. - 2008

This paper presents a theory of competition for political leadership between incumbent leaders and their challengers in …

Persistent link: https://www.econbiz.de/10012772459

Robust Aggregate Implications of Stochastic Discount Factor Volatility

Mulligan, Casey B. - 2004

The stochastic discount factor seems volatile, but is this observation of any consequence for aggregate analysis of consumption, capital accumulation, output, etc.? I amend the standard frictionless model of aggregate consumption and capital accumulation with time-varying subjective probability...

Persistent link: https://www.econbiz.de/10012785961

The Value of Life in General Equilibrium

Jena, Anupam B. - 2010

Perhaps the most important change of the last century was the great expansion of life itself -- in the US alone, life expectancy increased from 48 to 78 years. Recent economic estimates confirm this claim, finding that the economic value of the gain in longevity was on par with the value of...

Persistent link: https://www.econbiz.de/10012758603

Automated Economic Reasoning with Quantifier Elimination

Mulligan, Casey B. - 2016

economic theory …

Persistent link: https://www.econbiz.de/10012977622

The New Full-Time Employment Taxes

Mulligan, Casey B. - 2014

The Affordable Care Act introduces or expands taxes on incomes and full-time employment, beginning in 2014. The purpose of this paper is to characterize the new full-time employment taxes from the perspective of a household budget constraint, measure their magnitude, and assess their likely...

Persistent link: https://www.econbiz.de/10013045584

Can Monopoly Unionism Explain Publicly Induced Retirement?

Mulligan, Casey B. - 2021

It has long been suggested that trade unions take actions and favor public policies that reduce the quantity of labor so that union members might enjoy greater labor incomes. Can this explain the prevalence of generous public pension programs inducing retirement? I suggest not, by formalizing...

Persistent link: https://www.econbiz.de/10013310129

Aggregate Implications of Indivisible Labor

Mulligan, Casey B. - 2022

nonnegative degree of aggregate intertemporal substitution, are consistent with standard economic theory even when all labor is …

Persistent link: https://www.econbiz.de/10013323993