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TAXATION, FISCAL ILLUSION AND THE DEMAND FORGOVERNMENT EXPENDITURES IN THE UK: A TIME-SERIESANALYSIS

Gemmell, Norman; Morrissey, Oliver; Pinar, Abuzer - University <Nottingham> / Department of Economics

Public choice analysts have often argued that the level of government spending willreflect voter-taxpayer’s demand for public goods, while the fiscal illusion literature hasargued that certain features of the tax structure affect voter’s perceptions of their taxburden causing them to...

Persistent link: https://www.econbiz.de/10005869344

National prices and wage setting in a currency union

Sánchez, Marcelo - European Central Bank - 2009

Existing work on wage bargaining (as exemplified by Cukierman and Lippi, 2001) typicallypredicts more aggressive wage setting under monetary union. This insight has not beenconfirmed by the EMU experience, which has been characterised by wage moderation,thereby eliciting criticism from Posen and...

Persistent link: https://www.econbiz.de/10005866574

Zum Erklärungsgehalt derverhaltensorientierten Spieltheorie

Pasche, Markus - Universität <Jena> / Wirtschaftswissenschaftliche Fakultät - 2008

Es gibt eine wachsende Literatur zur ”verhaltensorientierten“bzw. ”psychologischen“ Spieltheorie. Die meisten dieser …

Persistent link: https://www.econbiz.de/10005870773

Social Preferences under Risk - An ExperimentalAnalysis

Bradler, Christiane - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

The literature on social preferences provides overwhelming evidence of departuresfrom pure self-interest of individuals. Experiments show that people care about others’well-being and their relative standing. This paper investigates whether this type ofbehavior persists when risk comes into...

Persistent link: https://www.econbiz.de/10005866400

Psychology and Economics rather than Psychology versusEconomics: Cultural differences but no barriers!

Brandstätter, Hermann; Güth, Werner; Kliemt, Hartmut - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2009

During the last three decades the ascent of behavioral economics clearly helped tobring down artificial disciplinary boundaries between psychology and economics.Noting that behavioral economics seems still under the spell of the rational choicetradition – and, indirectly, of behaviorism – we...

Persistent link: https://www.econbiz.de/10005866402

Individual Irrationality and Aggregate Outcomes

Fehr, Ernst; Tyran, Jean-Robert - Institut für Schweizerisches Bankwesen <Zürich> - 2005

There is abundant evidence that many individuals violate the rationality assumptions routinely made in economics …. However, powerful evidence also indicates that violations of individual rationality do not necessarily refute the aggregate … predictions of standard economic models that assume full rationality of all agents. Thus, a key question is how the interactions …

Persistent link: https://www.econbiz.de/10005858769

Expected Inflation, Expected Stock Returns, and Money Illusion: What can we learn from Survey Expectations?

Schmeling, Maik; Schrimpf, Andreas - Sonderforschungsbereich Ökonomisches Risiko <Berlin> - 2008

We show empirically that survey-based measures of expected inflation are significant and strong predictors of future … money illusion seems to be the driving force behind our results. Another popular hypothesis - inflation as a proxy for …

Persistent link: https://www.econbiz.de/10005860531

Declining Caseloads/ Increased Work: What Can We Conclude about theEffects of Welfare Reform?

Blank, Rebecca M. - University of Michigan <Ann Arbor, Mich.> / Department … - 2001

In 1996, Congress passed the Personal Responsibility andWork Opportunity Reconciliation Act, or PRWORA, whichsubstantially restructured public assistance programs.PRWORA gave states almost entire discretion to design andoperate cash assistance programs for families with children,reducing the...

Persistent link: https://www.econbiz.de/10005869878

Unions and Equity

O’Shaughnessy, Terry - University <Oxford> / Department of Economics - 2000

Trade unions have been successful in compressing the wage distributionbut not in influencing the share of national income going to labour. This paperclaims that a compressed wage distribution provides insurance in the same way thatthe tax and benefit system does and thus may be...

Persistent link: https://www.econbiz.de/10005870279

German Works Councils under Pressure - Institutional Learning as a Pathway to Enhance their Capacities of Action

Becke, Guido - Forschungszentrum Nachhaltigkeit (Artec) <Bremen> - 2004

This paper deals with institutional challenges German works councils face currently. These challenges consist of structural economic change from industrial to service sectors accompanied by an extension of ‘co-determination-free-zones’, an enhanced labour force diversity beyond the image of...

Persistent link: https://www.econbiz.de/10005871042

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