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Demand heterogeneity in insurance markets : implications for equity and efficiency
Geruso, Michael - In: Quantitative economics : QE ; journal of the … 8 (2017) 3, pp. 929-975
In many markets insurers are barred from price discrimination based on con- sumer characteristics like age, gender, and medical history. In this paper, I build on a recent literature to show why such policies are inefficient if consumers differ in their willingness-to-pay for insurance...
Persistent link: https://www.econbiz.de/10011801777
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Education and efficient redistribution
Dur, Robert A. J.; Teulings, Coen N. - 2001
Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education … the absence of a strive for redistribution, the market generates the efficient level of investment in human capital. When … there is a demand for redistribution, the general equilibrium effects on relative wages might make a subsidy to education an …
Persistent link: https://www.econbiz.de/10011400867
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Education and efficient redistribution
Dur, Robert A. J.; Teulings, Coen N. - 2003 - This version: June 2003
Should education be subsidized for the purpose of redistribution? The usual argument against subsidies to education … the absence of a strive for redistribution, the market generates the efficient level of investment in human capital. When … there is a demand for redistribution, the general equilibrium effects on relative wages might make a subsidy to education an …
Persistent link: https://www.econbiz.de/10011317437
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Comparing inequality aversion across countries when labor supply responses differ
Bargain, Olivier; Dolls, Mathias; Neumann, Dirk; … - 2013
margins for 17 EU countries and the US. Using the same data, inequality aversion is measured as the degree of redistribution …. -- social preferences ; redistribution ; optimal income taxation ; labor supply …
Persistent link: https://www.econbiz.de/10009715731
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High marginal tax rates on the top 1%?
Kindermann, Fabian; Krueger, Dirk - 2014
fiscal policies that achieve a desired degree of redistribution in society. We find that marginal tax rates on the top 1% of …
Persistent link: https://www.econbiz.de/10010411559
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The economics of taxing net wealth : a survey of the issues
Schnellenbach, Jan - 2012
tax ; wealth ; inequality ; redistribution …
Persistent link: https://www.econbiz.de/10009674939
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Migration elasticities, fiscal federalism and the ability of states to redistribute income
Giertz, Seth H.; Tosun, Mehmet Serkan - 2012
This paper develops a simulation model in order to examine the effectiveness of state attempts at redistribution under …-level redistribution are substantial, but state action may still be preferred to a federal policy that is at odds with preferences of a … state pursuing additional redistribution, but not a cost at the national level. -- fiscal federalism ; income redistribution …
Persistent link: https://www.econbiz.de/10009581381
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Financial expertise as an arms race
Glode, Vincent; Green, Richard C.; Lowery, Richard - 2010 - Rev.
We show that firms intermediating trade have incentives to overinvest in financial expertise, and that these investments can be destabilizing. Financial expertise in our model improves firms' ability to accurately estimate value when trading a security. It creates adverse selection, which under...
Persistent link: https://www.econbiz.de/10003955258
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The Incidence of Adverse Selection : Theory and Evidence from Health Insurance Choices
Geruso, Michael; Layton, Timothy; Leive, Adam - National Bureau of Economic Research - 2023
Existing research on selection in insurance markets focuses on how adverse selection distorts prices and misallocates products across people. This ignores the distributional consequences of who pays the higher prices. In this paper, we show that the distributional incidence depends on the...
Persistent link: https://www.econbiz.de/10014322822
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Bank Organization, Market Structure and Risk-Taking : Evidence from U.S. Commercial Banks
Goetz, Martin Richard - 2012
This paper studies how a bank's diversification affects its own risk taking behavior and the risk taking of competing, nondiversified banks. In particular, I test whether greater geographic diversification of banks has effects on the risk taking behavior of nondiversified competitors beyond...
Persistent link: https://www.econbiz.de/10013114769