Showing 1 - 10 of 342
We study charitable giving within social groups. Exploiting a unique dataset, we establish three key relationships between social group size and fundraising outcomes: (i) a positive relationship between group size and the total number of donations; (ii) a negative relationship between group size...
Persistent link: https://www.econbiz.de/10011084626
We analyze the effect of a large group on an impure public goods model with lotteries. We show that as populations get large, and with selfish preferences, the level of contributions converges to the one given by voluntary contributions. With altruistic preferences (of the warm glow type), the...
Persistent link: https://www.econbiz.de/10008921774
What structure of income taxation maximizes the social benefits of redistribution while minimizing the social harm associated with distorting the allocation of labor input? Many authors have advocated scrapping the current tax system, which redistributes primarily via marginal tax rates that...
Persistent link: https://www.econbiz.de/10011165649
This paper shows that multiple growth paths may occur in a politico-economic model of endogenous growth. This multiplicity is characterized by the coexistence of a low-tax, low-capital-flight equilibrium and a high-tax, high-capital-flight equilibrium. The likelihood of multiplicity is crucially...
Persistent link: https://www.econbiz.de/10005661846
Drawing on and extending the theory of human capital, a comprehensive life-cycle model of individual earnings is designed. The approach taken permits an isolated analysis of three interconnected levels of aggregation (intra-cohort distribution, overall distribution, and lifetime distribution)...
Persistent link: https://www.econbiz.de/10005124350
that mortality risks are a major source of risks in returns to education in developing countries. We show that, in the …. Uncertain returns to education, endogenous mortality or imperfect capital markets unambiguously increase child labour. When the …
Persistent link: https://www.econbiz.de/10005498071
This Paper provides an analytical characterization of Markov perfect equilibria in a model with repeated majority voting, where agents vote over income redistribution. The key feature of the theory is that the future constituency of redistributive policies depends positively on the current level...
Persistent link: https://www.econbiz.de/10005656349
The paper studies the optimal education policy of a budget-constrained utilitarian government. Households differ in … information. Households can choose to use private education, but cannot borrow to finance it. The results we obtain are striking …. The optimal education policy is elitist: it increases the spread between the education achievement of the bright and the …
Persistent link: https://www.econbiz.de/10005666893
difference in favour of father’s education over mother’s education. …
Persistent link: https://www.econbiz.de/10005504310
differences in parents' involvement in education. We find that a non-negligible part of the test score racial gap can be explained … by these cultural differences. In particular, we show that if non-white parents would invest in education of their 11 …
Persistent link: https://www.econbiz.de/10005504336