Showing 1 - 10 of 383
This paper proposes a simple variation of the Allingham and Sandmo (1972) construct and integrates it to a dynamic general equilibrium framework with heterogeneous agents. We study an overlapping generations framework i n which agents must initially decide whether to evade taxes or not. In the...
Persistent link: https://www.econbiz.de/10009438089
In this paper we examine the dynamics of the link between inequality and inflation from a political economy perspective … period, and inequality is persistent. Inflation in our model is a mechanism of redistribution, and we find that the link … between inequality and inflation within any period or over time depends on institutional and preference related parameters …
Persistent link: https://www.econbiz.de/10009483530
polygyny (multiple wives). Wealth inequality naturally produces multiple wives for rich men in a standard model of the marriage … market. This paper argues that the sources of inequality, not just the level of inequality, determine the equilibrium degree … of monogamy or polygamy. In particular, when inequality is determined more by disparities in human capital versus non …
Persistent link: https://www.econbiz.de/10009446904
human capital inequality and technology adoption decisions. …
Persistent link: https://www.econbiz.de/10009476102
heterogeneity and permanent shocks to skills. I find that a large fraction of life-cycle income inequality is driven by match … dynamics and investigate if recent increases in residual inequality are caused by an increase of the variances of permanent …, persistent or transitory shocks. My results suggest that underlying sources of increasing wage inequality are very different …
Persistent link: https://www.econbiz.de/10009455205
This paper explores two ideas to enhance the performance of agri-environmental contracting schemes: linking contract payments to environmental outcomes and putting the contracts up for tender. This paper investigates whether there are any gains to be had by combining the benefits of both...
Persistent link: https://www.econbiz.de/10009446183
This paper investigates the strategic behavior between countries that have purchasing power on the world market for a certain good. Tariffs and quotas are not equivalent protection instruments in this oligopsonistic market. Policy active importers would be better off by colluding and setting...
Persistent link: https://www.econbiz.de/10009443115
This dissertation consists of two essays in international macroeconomics. Thefirst essay shows that optimal fiscal and monetary policy is time consistent in astandard small open economy. Further, there exist many maturity structuresof public debt capable of rendering the optimal policy time...
Persistent link: https://www.econbiz.de/10009475504
Longer horizon returns are modeled by two approaches, which have different impact on skewness and excess kurtosis. The Levy approach, which considers the random variable at longer horizon as the cumulants of i.i.d random variables from shorter horizons, tends to decrease skewness and excess...
Persistent link: https://www.econbiz.de/10009450698