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Ageing municipalities, gerontocracy and fiscal competition

Montén, Anna; Thum, Marcel - 2008

We develop a simple model of fiscal competition among ageing municipalities. When ageing advances, gerontocracies and social planners gradually substitute publicly provided goods aimed at the mobile young population for publicly provided goods for the elderly. This substitution process does not...

Persistent link: https://www.econbiz.de/10010264494

Reducing the excess burden of subsidizing the stork: joint taxation, individual taxation, and family tax splitting

Meier, Volker; Wrede, Matthias - 2008

Analyzing a homogenous household setting with endogenous fertility and endogenous labor supply, we demonstrate that moving from joint taxation to individual taxation and adapting child benefits so as to keep fertility constant entails a Pareto improvement. The change is associated with an...

Persistent link: https://www.econbiz.de/10010264495

Employment protection versus flexicurity: on technology adoption in unionised firms

Lommerud, Kjell Erik; Straume, Odd Rune - 2008

We analyse how different labour market institutions - employment protection versus flexicurity - affect technology adoption in unionised firms. We consider both trade unions' incentives to oppose or endorse labour-saving technology, and firms' incentives to invest in such technology. We find...

Persistent link: https://www.econbiz.de/10010264497

Social interaction, co-Worker altruism, and incentives

Dur, Robert; Sol, Joeri - 2008

Social interaction with colleagues is an important job attribute for many workers. To attract and retain workers, managers therefore need to think about how to create and preserve high-quality co-worker relationships. This paper develops a principal-multi-agent model where agents do not only...

Persistent link: https://www.econbiz.de/10010264500

Population, pensions, and endogenous economic growth

Heer, Burkhard; Irmen, Andreas - 2008

We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...

Persistent link: https://www.econbiz.de/10010264503

Optimal redistributive taxation and provision of public input goods in an economy with outsourcing and unemployment

Aronsson, Thomas; Koskela, Erkki - 2008

to less wage inequality and increased employment. …

Persistent link: https://www.econbiz.de/10010264504

Social welfare and coercion in public finance

Winer, Stanley L.; Tridimas, George; Hettich, Walter - 2008

This paper develops an expanded framework for social planning in which the existence of coercion is explicitly acknowledged. Key issues concern the precise definition of coercion for individuals and in the aggregate, its difference from redistribution, and its incorporation into normative...

Persistent link: https://www.econbiz.de/10010264505

A spatial Cliff-ord-type model with heteroskedastic innovations: small and large sample results

Arraiz, Irani; Drukker, David M.; Kelejian, Harry H.; … - 2008

In this paper we specify a linear Cliff and Ord-type spatial model. The model allows for spatial lags in the dependent variable, the exogenous variables, and disturbances. The innovations in the disturbance process are assumed to be heteroskedastic with an unknown form. We formulate a multi-step...

Persistent link: https://www.econbiz.de/10010264508

Social security systems, human capital, and growth in a small open economy

Kaganovich, Michael; Meier, Volker - 2008

We consider a small open economy in which the level of public education funding is determined by popular vote. We show … externalities of public education due to the positive effect of higher future labor productivity on their pension benefits. The … majority support for education funding will be especially strong when the PAYG benefit formula is flat, i.e. progressively …

Persistent link: https://www.econbiz.de/10010264511

Bush meets hotelling: effects of improved renewable energy technology on greenhouse gas emissions

Hoel, Michael - 2008

Fossil fuels are non-renewable carbon resources, and the extraction path of these resources depends both on present and future demand. When this Hotelling feature is taken into consideration, the whole price path of carbon fuel will shift downwards as a response to the reduced cost of the...

Persistent link: https://www.econbiz.de/10010264513