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Persistent link: https://www.econbiz.de/10012588159
This paper analyses a model in which employees are biased in their perception of their optimal contribution rates or asset allocations in defined contribution pension plans. The optimal default is characterised as a function of the parameters. It is shown that, for some values of the parameters,...
Persistent link: https://www.econbiz.de/10011845817
What is the optimal default contribution rate or default asset allocation in pension plans? Could active decision (i.e., not setting a default and forcing employees to make a decision) be optimal? These questions are studied in a model in which each employee is biased regarding her optimal...
Persistent link: https://www.econbiz.de/10012121963
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public transportation fare by i) highlighting sanctions for non-compliance and ii) appealing to compliance norms whereby 90 … percent of passengers pay the fare. We find that both sanctions and norms treatments raise compliance. However, only appeals … to compliance norms make treated passengers more willing to sign a petition demanding quality public transportation …
Persistent link: https://www.econbiz.de/10014458515
A large literature, that received further momentum during the Covid-19 pandemic, evaluates legislative initiatives to combat domestic violence. For legislation to induce a reduction in crime, information and awareness among the population are in many cases necessary. This study investigates the...
Persistent link: https://www.econbiz.de/10014425875
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This work analyzes the impact of asymmetric financial constraints on the platforms of parties, using a formal model of elections. The main results show that when a party faces a tight financial constraint, the platform chosen in equilibrium is further away from its ideal point compared with the...
Persistent link: https://www.econbiz.de/10011717821