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systems may coexist : insurance and assistance. Insurance level is set by consensus between firms and unions, whereas … assistance expenditures are set by a majority vote in parliament. Social insurance can be manipulated to influence preferences in … emergence of a mixed model : assistance increases to complement existing insurance, not to replace it. A time series cross …
Persistent link: https://www.econbiz.de/10010711853
systems may coexist: insurance and assistance. Insurance level is set by consensus between firms and unions, whereas … assistance expenditures are set by a majority vote in parliament. Social insurance can be manipulated to influence preferences in … emergence of a mixed model: assistance increases to complement existing insurance, not to replace it. A time series cross …
Persistent link: https://www.econbiz.de/10010634998
Presents a complete and detailed constitutional framework applying the rational self-interest model and market mechanisms to intra and inter- governmental behaviour and collective decisions. In particular, the paper presents an enabling mechanism for the creation, adjustment and dissolution of...
Persistent link: https://www.econbiz.de/10005076593
This paper studies, in a model with unemployment, how labour market status affects the preferences for public spending, in the form of a public good or subsidies. It then derives the implications for the dynamics of government expenditures under the hypothesis of majority voting. These will...
Persistent link: https://www.econbiz.de/10005114483
We provide an example that shows that in the Alesina and Angeletos (2005) model one can obtain multiplicity even if luck plays no role in the economy. Thus, it is not critical that the noise to signal ratio be increasing in taxes, or that desired taxes are increasing in the noise to signal ratio.
Persistent link: https://www.econbiz.de/10010897816
Rural areas often have more than one regime of property rights and production. Large, private-property farms owned by powerful landowners coexist with subsistence peasants who farm small plots with limited property rights. At the same time, there is broad consensus that individual,...
Persistent link: https://www.econbiz.de/10010679306
We study the determinants of people’s attitudes toward income inequality and their economic consequences. We argue that attitudes toward inequality depend on the extent of freedom of choice and control over life outcomes an individual enjoys. We construct a two-stage empirical model where...
Persistent link: https://www.econbiz.de/10010584481
We note some problems in Alesina and Angeletos (2005) and suggest a way to maintain the key insight of that paper, which is that a demand for fairness could lead to different economic systems such as those observed in France versus the US (multiple equilibria).
Persistent link: https://www.econbiz.de/10008765222
We construct a model of simultaneous change and persistence in institutions. The model consists of landowning elites and workers, and the key economic decision concerns the form of economic institutions regulating the transaction of labour (e.g., competitive markets versus labour repression)....
Persistent link: https://www.econbiz.de/10005114453
If property rights in land are so beneficial, why are they not adopted more widely? I propose a theory based on the idea that limited property rights over peasants' plots may be supported by elite landowners (who depend on peasants for labour) to achieve two goals. First, like other distortions...
Persistent link: https://www.econbiz.de/10010763871