Similar Search Results

Severance Pay, Pensions, and Efficient Mobility

Lazear, Edward P. - 1982

This paper argues that pensions are used as severance pay devices in an efficient compensation scheme. The major points of the study are: (1) Severance pay, which takes the form of higher pension values for early retirement, is widespread. (2) A major reason for the existence of pensions is the...

Persistent link: https://www.econbiz.de/10012478257

The Efficiency Gains from Dynamic Tax Reform

Auerbach, Alan J. - 1981

This paper presents a new simulation methodology for determining the pure efficiency gains from tax reform along the … very large efficiency cost …

Persistent link: https://www.econbiz.de/10012478292

The Efficiency of Decentralized Investment Management Systems

Jones, David S. - 1981

risk averse the greater the value of his portfolio. Finally, we note that the efficiency concept employed in this paper is …

Persistent link: https://www.econbiz.de/10012478396

A Note on the Efficient Design of Investment Incentives

Auerbach, Alan J. - 1980

In a recent article in this Journal, Robin Boadway has argued that the appropriate requirement for neutrality is that the present value of the returns from an initial investment of [1pound], using the social discount rate, should be equal for all projects undertaken at the margin. We have few...

Persistent link: https://www.econbiz.de/10012478653

Education, Information, and Efficiency

Welch, Finis - 1973

between agricultural productivity, research and information. The first chapter of this part is concerned with the "theory" of … between education and allocative efficiency. Section I is reprinted from my J.P.E. paper "Education in Production". Section II …

Persistent link: https://www.econbiz.de/10012479124

On Fintech and Financial Inclusion

Philippon, Thomas - 2019

The cost of financial intermediation has declined in recent years thanks to technological progress and increased competition. I document this fact and I analyze two features of new financial technologies that have stirred controversy: returns to scale, and the use of big data and machine...

Persistent link: https://www.econbiz.de/10012480275

Efficient Redistribution

Boar, Corina - 2020

We ask: what are the most efficient means of redistribution in an unequal society? We answer this question by characterizing the optimal shape of non-linear income and wealth taxes in a dynamic general equilibrium model with uninsurable idiosyncratic risk. Our analysis reproduces the...

Persistent link: https://www.econbiz.de/10012481475

The Dynamic Efficiency in Resource Allocation : Evidence from Vehicle License Lotteries in Beijing

Liu, Youming - 2020

The efficiency of resource allocation is often analyzed in static frameworks with a focus on the cross … important in assessing the efficiency properties of different allocation mechanisms. This paper uses a dynamic model to … empirically quantify the efficiency outcome of using lotteries to allocate scarce resources among forward-looking consumers. In …

Persistent link: https://www.econbiz.de/10012482084

Intervening on the Data to Improve the Performance of Health Plan Payment Methods

Bergquist, Savannah L. - 2018

the empirical context. Intervening on the data is an easy-to-use, intuitive approach for addressing economic efficiency …

Persistent link: https://www.econbiz.de/10012453224

Evaluating the Efficiency and Equity of Federal Fiscal Equalization

Albouy, David - 2010

In theory, federal transfers that make household location decisions efficient should ignore local cost differences …

Persistent link: https://www.econbiz.de/10012462512