Showing 1 - 10 of 117
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
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
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
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 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
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
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
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
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