Showing 1 - 10 of 80,716
more attractive for social insurance if a larger part of risk is realized in the first period of the life-cycle. Our …
Persistent link: https://www.econbiz.de/10010266030
more attractive for social insurance if a larger part of risk is realized in the first period of the life-cycle. Our …
Persistent link: https://www.econbiz.de/10010270186
To analyze the optimal social insurance package, we set up a two-period life-cycle model with risky human capital investment in which the government has access to labor taxation, education subsidies and capital taxation. Social insurance is provided by redistributive labor taxation. Moreover,...
Persistent link: https://www.econbiz.de/10010274987
response to this tax depends on (i) the attitudes towards risk and (ii) how other policy instruments affect the demand for the …
Persistent link: https://www.econbiz.de/10005779779
We introduce a simple measure of risk aversion in the large. Besides satisfying properties which are conceptually … analogous to the usual properties of the Arrow-Pratt measure, the index of risk aversion in the large leads to a stronger … concept of decreasing risk aversion, which necessarily imp lies decreasing absolute risk aversion but not necessarily non …
Persistent link: https://www.econbiz.de/10005634228
demonstrate that the Atkinson-Stiglitz theorem breaks down under risk. Capital taxes are employed besides labor income taxes for …-period labor supply and saving are substitutes, ii) capital taxes insure first-period income risk, although this benefit is …
Persistent link: https://www.econbiz.de/10009493051
more attractive for social insurance if a larger part of risk is realized in the first period of the life-cycle. Our …
Persistent link: https://www.econbiz.de/10008583702
To analyze the optimal social insurance package, we set up a two-period life-cycle model with risky human capital investment in which the government has access to labor taxation, education subsidies and capital taxation. Social insurance is provided by redistributive labor taxation. Moreover,...
Persistent link: https://www.econbiz.de/10008833884
To analyze the optimal social insurance package, we set up a two-period life-cycle model with risky human capital investment, where the government has access to labor taxation, education subsidies and capital taxation. Social insurance is provided by redistributive labor taxation. Moreover, both...
Persistent link: https://www.econbiz.de/10008673502
The expected utility formulation of the problem of a risk-averse agent's allocating a portfolio between a safe and a … exhibiting constant relative risk aversion and the probability distribution of the risky asset as binomial, and take the riskless …
Persistent link: https://www.econbiz.de/10013049484