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redistribution in 34 European countries over the period 2002-2012. The data is drawn from the six available waves of the European … redistribution over time. Though this result is predicted by standard political economy models, it has found little previous … redistribution. The empirical results hold after performing a variety of robustness checks regarding the construction of pseudo …
Persistent link: https://www.econbiz.de/10011427765
monotonicity. Efficiency: redistribution has no cost. Symmetry: members of the society with the same performance obtain the same … reward after redistribution. Monotonicity: whenever both the performance of a certain member of the society as well as the … overall performance of the society do not decrease, then this member's reward after redistribution does not decrease. …
Persistent link: https://www.econbiz.de/10011599557
care subsidies vs. cash-for-care. Policies are determined by probabilistic voting, where distributional impacts matter … changes in gender wage inequality—may have non-monotone effects, with lower net subsidies to traditional households when their … share is very low or very high, and higher subsidies in some intermediate stage. This may explain the implementation of cash …
Persistent link: https://www.econbiz.de/10015404588
Choice experiments show that individuals attribute significant value to digitally-enabled services such as social media. We integrate this consumer value into an accounting framework by treating it as the value of own-account production by households of a particular type of leisure services....
Persistent link: https://www.econbiz.de/10015192805
Nach einem Globalisierungsschub im Zuge des Falls des Eisernen Vorhangs und von Chinas Beitritt zur WTO wurde die internationale Arbeitsteilung in den vergangenen Jahren stärker von protektionistischen Tendenzen geprägt. Die Unterbrechungen der grenzüberschreitenden Lieferkettenbeziehungen...
Persistent link: https://www.econbiz.de/10013468356
Persistent link: https://www.econbiz.de/10013468380
Food insecurity is a salient dimension of household poverty and a crucial issue viewed on a global or within a country level. It applies not only to less-developed countries, but also to countries of the European Union. In the European conditions, it implies that people affected by this problem...
Persistent link: https://www.econbiz.de/10014462034
This paper addresses two central questions in markets with adverse selection: How does information impact the welfare of market participants (sellers and buyers)? Also, relatedly, what is the optimal information disclosure policy and how is it affected by the planner’s relative welfare weight...
Persistent link: https://www.econbiz.de/10014536888
In this paper, we study intertemporal social welfare evaluations when agents have heterogeneous time preferences that are interpersonally noncomparable. We first show that, even if all agents share the same time preferences, there is a conflict between the axioms of Pareto principle, time...
Persistent link: https://www.econbiz.de/10014536920
The analysis of optimal risk sharing has been thus far largely restricted to non-expected utility models with concave utility functions, where concavity is an expression of ambiguity aversion and/or risk aversion. This paper extends the analysis to α-maxmin expected utility, Choquet expected...
Persistent link: https://www.econbiz.de/10014537001