subsidization program in Germany. We find that 38% of the aggregate subsidy accrues to the top two deciles of the population, but … inequality measures. This is due to two offsetting effects: a progressive one stemming from the subsidy schedule and a regressive …

's retirement decision. Using administrative pension insurance records from Germany, I examine the impact of a pension subsidy …-of-the-envelope calculation suggests the ratio of behavioral cost to mechanical cost of this subsidy program is 0.3, which is smaller than other … subsidy program can account for one third of the increase in women's age of claiming pension over the past decade …

subsidy program for low-pay workers. The subsidies have a kinked relationship with the recipients' past contributions …-of-the-envelope calculation suggests that the ratio of behavioral to mechanical costs for this subsidy program is 0.3, which is smaller than that …

's retirement decision. Using administrative pension insurance records from Germany, I examine the impact of a pension subsidy …-of-the-envelope calculation suggests the ratio of behavioral cost to mechanical cost of this subsidy program is 0.3, which is smaller than other … subsidy program can account for one third of the increase in women's age of claiming pension over the past decade. …

problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …