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Efficient tax policy ranks education higher than saving

Richter, Wolfram F. - 2007

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...

Persistent link: https://www.econbiz.de/10010264217

Limited commitment models of the labor market

Thomas, Jonathan P.; Worrall, Tim - 2007

We present an overview of models of long-term self-enforcing labor contracts in which risk sharing is the dominant motive for contractual solutions. A base model is developed which is sufficiently general to encompass the two-agent problem central to most of the literature, including variable...

Persistent link: https://www.econbiz.de/10010264220

Intra-regional tax competition and economic geography

Hühnerbein, Ossip; Seidel, Tobias - 2007

We extent a solvable version of the core-periphery agglomeration model to four countries located in two regions. The paper shows that there might still be a race to the bottom in capital income tax rates despite agglomeration rents earned by the mobile factor. We find that intra-regional tax...

Persistent link: https://www.econbiz.de/10010264222

Education, unemployment and migration

Eggert, Wolfgang; Krieger, Tim; Meier, Volker - 2007

This paper studies a two-region model in which unemployment, education decisions and interregional migration are endogenous. The poorer region exhibits both lower wages and higher unemployment rates, and migrants to the richer region are disproportionally skilled. The brain drain from the poor...

Persistent link: https://www.econbiz.de/10010264226

From separate accounting to formula apportionment: analysis in a dynamic framework

Radulescu, Doina Maria - 2007

This paper analyzes the switch from Separate Accounting to Formula Apportionment in a dynamic framework. The model features both purely domestic corporations and a domestic multinational which invests at home and abroad as well as a purely foreign corporation and a foreign multinational which...

Persistent link: https://www.econbiz.de/10010264229

Competition and waiting times in hospital markets

Brekke, Kurt R.; Siciliani, Luigi; Straume, Odd Rune - 2007

This paper studies the impact of hospital competition on waiting times. We use a Salop-type model, with hospitals that differ in (geographical) location and, potentially, waiting time, and two types of patients; high-benefit patients who choose between neighbouring hospitals (competitive...

Persistent link: https://www.econbiz.de/10010264231

Revisiting the decentralization theorem: on the role of externalities

Koethenbuerger, Marko - 2007

consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of … spillovers may reduce the difference in utility of centralization and decentralization. The non-monotonicity result relates to … expenditure, a rise in the amount of spillovers allows residents to enjoy larger gains in public consumption (and thereby utility …

Persistent link: https://www.econbiz.de/10010264235

Subsidizing extra jobs: promoting employment by taming the unions

Knabe, Andreas; Schöb, Ronnie - 2007

We study the subsidization of extra jobs in a general equilibrium framework. While the previous literature focuses on symmetric marginal employment subsidies where firms are rewarded when they increase employment but punished when they reduce their workforce, we consider an asymmetric scheme...

Persistent link: https://www.econbiz.de/10010264237

Banking regulation and prompt corrective action

Freixas, Xavier; Parigi, Bruno Maria - 2007

We explore the rationale for regulatory rules that prohibit banks from developing some of their natural activities when their capital level is low, as epitomized by the US Prompt Corrective Action (PCA). This paper is built on two insights. First, in a moral hazard setting, capital requirement...

Persistent link: https://www.econbiz.de/10010264241

Think locally, act locally: spillovers, spillbacks, and efficient decentralized policymaking

Ogawa, Hikaru; Wildasin, David E. - 2007

In this paper, we analyze a class of models in which there are interjurisdictional spillovers among heterogeneous …

Persistent link: https://www.econbiz.de/10010264245