The paper investigates the effects of intra-family talent transmission when human capital exhibits indivisibilities and parental financing of education involves borrowing constraints. Positive talent correlation reduces social mobility but steady state inequality and macroeconomic...

<title>Abstract</title> We discuss the economic aspects of fairness defined here in the benchmark case as equality of producer and consumer rents. We show that there are significant differences considering private and public goods, especially with regard to a potential self-damaging of the initially...

We estimate vector error-correction models and vector autoregression models, respectively, for 13 European countries (1970–2005) to examine the — widely debated — relationship between population growth and economic growth. While for most European countries we find a positive long-run...

This paper considers optimal linear tax structures that are differentiated according to group membership. Groups can be heterogeneous with respect to both preferences and abilities. Contrary to most arguments in favour of tax privileges for certain groups, e.g. gender-based taxation, it is shown...

This paper deals with discrete labour supply decisions of different groups of persons in response to a change in net wage rates. The centrepiece of this approach is individuals' switching between working time categories, while facing switching costs that arise when people expand or reduce...

When a region successfully attracts a large firm by offering tax concessions, outright subsidies etc., the firm often commits itself to performance targets in terms of investment or employment. This paper interprets these contractually fixed targets as a consequence of incomplete information. It...

This paper deals with different approaches to business history. It argues that conflicting choices about methodology and subject can enrich a discipline, but that some of the current disputes among business historians produce unnecessary opportunity costs and block a more integrated...