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Self-serving dictators and economic growth

Haile, Daniel; Sadrieh, Abdolkarim; Verbon, Harrie A. A. - Universität <Magdeburg> / Fakultät für … - 2007

We study the effect of fair institutions on growth. In our model, individuals are endowed with unequal entitlements to … growth.Experimentally, we observe significantly less cooperation, when dictators chose high instead of low inequality. This … equal opportunitiesare less likely to suffer retarded growth due to free-riding than economies with self-serving dictators... …

Persistent link: https://www.econbiz.de/10005866839

Consumption Comparisons and Happiness:A Calibration Study

Strulik, Holger - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2009

paper tries ananswer by bringing together two disparate literatures: the macro (growth)theory on habit formation and the ….S.it calibrates a simple model of economic growth and estimates how much individualwelfare (happiness) is aected by unexpected losses …

Persistent link: https://www.econbiz.de/10005867430

Comparing consumption : a curse or a blessing?

Strulik, Holger (contributor) - 2008

. -- habit formation ; happiness ; welfare ; economic growth …

Persistent link: https://www.econbiz.de/10003612606

Optimal taxation and debt with uninsurable risks to human capital accumulation

Gottardi, Piero; Kajii, Atsushi; Nakajima, Tomoyuki - 2014

We consider an economy where individuals face uninsurable risks to their human capital accumulation and study the problem of determining the optimal level of linear taxes on capital and labor income together with the optimal path of the debt level. We show both analytically and numerically that...

Persistent link: https://www.econbiz.de/10010433969

Optimal taxation and constrained inefficiency in an infinite-horizon economy with incomplete markets

Gottardi, Piero; Kajii, Atsushi; Nakajima, Tomoyuki - 2011

We study the dynamic Ramsey problem of finding optimal public debt and linear taxes on capital and labor income within a tractable infinite horizon model with incomplete markets. With zero public expenditure and debt, it is optimal to tax the risky labor income and subsidize capital, while a...

Persistent link: https://www.econbiz.de/10009273122

Characterizing the Choice Environment : Feeling Constrained as an Impediment to Happiness

Guthrie, Katherine - 2013

We posit that feeling constrained impedes happiness. Under this view, utility and happiness maximization yield the same optimal choices in a variety of standard economic decision problems, but utility and happiness can move in opposite directions in response to exogenous shocks. Our theory (i)...

Persistent link: https://www.econbiz.de/10013086249

Law, Coercion, and Socioeconomic Equilibrium

Soldatos, Gerasimos - 2016

This paper investigates the economic conditions under which the performance of a Judiciary does not impede non-coercive fair socioeconomic allocations under “Strotz-myopia” regarding the law variable, i.e. under a static view of it in an otherwise dynamic context. The law, here, is the...

Persistent link: https://www.econbiz.de/10013000828

Expanding Micro Finance with Self-Help Group Borrowers Using Local-Labor Backed Currency

Copple, Robert Warren - 2010

Micro Finance Institutions (MFI's) have been most successful in lending to women's self-help or solidarity groups. Although MFI's do lend to individuals as well as to other groups, composed of men or including men, by far most of their lending is to self-help groups of poor women. As a result,...

Persistent link: https://www.econbiz.de/10013150499

Trends in Economic Inequality : Are U.S. States Growing Apart?

Berisha, Edmond - 2020

Using quarterly real GDP data from 2005 to 2019 for all U. S. states from the Bureau of Economic Analysis, we construct an economic inequality measure which is additively decomposable into within and between-region inequality. We find increases in economic disparity in terms of total real GDP...

Persistent link: https://www.econbiz.de/10012843368

Comparing Consumption : A Curse or a Blessing?

Strulik, Holger - 2008

Does it make us unhappier when we compare our current consumption with that of the Joneses or our own past achievements? This paper tries an answer without recurring on interpersonal utility comparisons. It calibrates an economy under three different assumptions, non-comparing utility, and...

Persistent link: https://www.econbiz.de/10012725816