Showing 1 - 10 of 51
In contrast to the neo-classical theory of Arrow and Debreu, a model of a private ownership economy is presented in which production and consumption bundles are treated separately. Each of the two types of bundles is assumed to establish a convex cone. The main part in the modelling is the...
Persistent link: https://www.econbiz.de/10011090609
, impact on distribution via the joint determination of class conflict between workers and employers, and ‘ethnic’ conflict …
Persistent link: https://www.econbiz.de/10005233836
Under socialism it was neither possible nor necessary to accumulate significant levels of personal wealth. The acceleration of economic reform in the last decade, however, has brought dramatic increases in income and investment opportunities. Reform has also reduced social protections provided...
Persistent link: https://www.econbiz.de/10005703523
The success of the flat rate tax in Eastern Europe suggests that this concept could also be a model for the welfare states of Western Europe. The present paper uses a simulation model to analyse the effects of revenue neutral flat rate tax reforms on equity and efficiency for the case of...
Persistent link: https://www.econbiz.de/10005822885
Numerous studies regress log earnings on schooling and report estimated coefficients as "Mincer rates of return". A more recent literature uses instrumental variables. This chapter considers the economic interpretation of these analyses and how the availability of repeated cross section and...
Persistent link: https://www.econbiz.de/10005763483
This paper investigates gender differences between the log wage distributions of full-time British employees in the public and private sectors. After allowing for positive selection into full-time employment by women, we find significant and substantial gender earnings gaps, and evidence of...
Persistent link: https://www.econbiz.de/10005029644
Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....
Persistent link: https://www.econbiz.de/10005703043
position of the household in the income distribution and that behavioural response can potentially improve the welfare position …
Persistent link: https://www.econbiz.de/10009024603
the wage distribution, as traditional methods can confound opposing effects at either end of the wage distribution … driven by looks than self-esteem. Counterfactual wage distributions, constructed using distribution regression, show a beauty … premium for women at the bottom of the wage distribution. However, most of this is explained by the fact that attractive women …
Persistent link: https://www.econbiz.de/10011188126
In this paper we discuss demand management problems in a multi-stage distribution chain.We focus on distribution chains … proposed, called large order overflow, applicable if the supplying organization executes a multi-stage distribution chain, and …
Persistent link: https://www.econbiz.de/10011092699