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Robinson, James A; Verdier, Thierry - C.E.P.R. Discussion Papers - 2002

Income redistribution often takes highly inefficient forms, such as employment in the bureaucracy. We argue that this arises as an optimal political strategy in situations where politicians cannot commit to policies. Political exchanges between politicians and voters must be self-enforcing and...

Persistent link: https://www.econbiz.de/10005504795

Optimal Public Policy for Venture Capital Backed Innovation

Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2003

This Paper discusses the role of public policy towards the venture capital industry. The model emphasises four margins: supply of entrepreneurs due to career choice, entry of venture capital funds and search for investment opportunities, simultaneous entrepreneurial effort and managerial advice...

Persistent link: https://www.econbiz.de/10005497714

The Endogenous Determination of Minimum Wage

Epstein, Gil S; Nitzan, Shmuel - C.E.P.R. Discussion Papers - 1999

In this paper we study the endogenous determination of minimum wage employing a political-economic game-theoretic approach. A major objective of the paper is to clarify the crucial role of the strength of the workers' union and of political culture on the determination of the minimum wage. In...

Persistent link: https://www.econbiz.de/10005497998

Escaping Epidemics Through Migration? Quarantine Measures Under Asymmetric Information About Infection Risk.

Mesnard, Alice; Seabright, Paul - C.E.P.R. Discussion Papers - 2008

This paper explores implications of the fact that individuals know more than the authorities about their risk of infection and can take migration decisions before their health status is publicly observable. In a 2-period model we study under which conditions the presence of quarantine measures...

Persistent link: https://www.econbiz.de/10005661880

The Implications of British Macroeconomic Policy in the 1930s for Long Run Growth Performance

Broadberry, Stephen N; Crafts, Nicholas - C.E.P.R. Discussion Papers - 1990

The paper provides a synthesis of recent research relating to supply side policy in the 1930s in a period when government sought to raise prices given sticky wages. We argue that as a politically constrained strategy to limit rises in unemployment this made sense. A bargaining model approach...

Persistent link: https://www.econbiz.de/10005667002

Income Taxes and Women's Economic Dependency: A Comparison of West Germany and Sweden

Gustafsson, Siv - C.E.P.R. Discussion Papers - 1988

Swedish wives' market earnings contribute 39% of the net family earnings of couples living together. German wives contribute 12%. This paper employs Swedish and German micro data on earnings and personal characteristics of couples. After tax earnings are simulated, under both the tax system of...

Persistent link: https://www.econbiz.de/10005791943

Is Child Like Parent? Educational Attainment and Ethnic Origin

Gang, Ira; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 1996

difference in favour of father’s education over mother’s education. …

Persistent link: https://www.econbiz.de/10005504310

The Dynamics of the Racial Test Score Gap During the School Years in Britain

Patacchini, Eleonora; Zenou, Yves - C.E.P.R. Discussion Papers - 2006

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

Unilingual versus Bilingual Education System: A Political Economy Analysis

Ortega, Javier; Tangeraas, Thomas - C.E.P.R. Discussion Papers - 2003

can speak the same language. The value of trade increases in each participant's level of education. We compare a bilingual … education system, under which the individuals who take education become bilingual, with a unilingual system, under which the … optimal when education levels are centralized. In the decentralized equilibrium, individuals (i) vote over education systems …

Persistent link: https://www.econbiz.de/10005504513

The Returns from Reducing Corruption: Evidence from Education in Uganda

Reinikka, Ritva; Svensson, Jakob - C.E.P.R. Discussion Papers - 2007

officials' handling of a large education grant program. Combining survey and administrative data, we show that the campaign was …

Persistent link: https://www.econbiz.de/10005504593