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economics ; neuroeconomics ; human capital ; education ; prices ; sex ; income ; time preference ; peers ; bounded rationality …
Persistent link: https://www.econbiz.de/10009307506
This paper examines mandatory occupational licensure in several professions from barbers, cosmetologists, radiologic technicians, CPAs, mid-level healthcare providers, and physicians. Mandatory licensure is cited as a mechanism for serving the public interest by assuring professionals possess...
Persistent link: https://www.econbiz.de/10013075615
-acting force to the rapid increase in income inequality. Using a political-economy model where parties bargain over taxes and …
Persistent link: https://www.econbiz.de/10013210072
We evaluate the effectiveness of a more progressive tax scheme in raising government revenues. We develop a life-cycle economy with heterogeneity and endogenous labor supply. Households face a progressive income tax schedule, mimicking the Federal Income tax, and flat-rate taxes that capture...
Persistent link: https://www.econbiz.de/10010386338
Products with negative externalities are often subject to regulations that limit competition. The single-product case may suggest that it is irrelevant for aggregate welfare whether output is restricted via corrective taxes or limiting competition. However, when products are differentiated...
Persistent link: https://www.econbiz.de/10013537788
The United States and China are the world's largest economies. Together they are responsible for about one-third of the world's economic output. This paper aims to examine whether the two economic giants are also lands of opportunity where resources are allocated in a way that minimizes...
Persistent link: https://www.econbiz.de/10012423987
The United States and China are the world's largest economies. Together they are responsible for about one-third of the world's economic output. This paper aims to examine whether the two economic giants are also lands of opportunity where resources are allocated in a way that minimizes...
Persistent link: https://www.econbiz.de/10012161622
Half of the jobs in the U.S. feature pay-for-performance. We derive novel incidence and optimum formulas for the overall rate of tax progressivity and the top tax rates on total earnings and bonuses, when such labor contracts arise from moral hazard frictions within firms. Optimal taxes account...
Persistent link: https://www.econbiz.de/10013291022
Polling data suggest that Americans are concerned about rising economic inequality, yet the same polls reveal popular … opposition to redistributive tax policies that would help mitigate inequality. Numerous commentators have drawn attention to this …
Persistent link: https://www.econbiz.de/10013011340
The debate over the use of public funds to finance private school education has waged for well over forty years. The … contemporary debate on school vouchers centers on the impact of vouchers on public education budgets. While the impact of vouchers … access to quality education which emphasizes science and technology. Another fact to consider in the current debate over …
Persistent link: https://www.econbiz.de/10012751385