Similar Search Results

Marriage as a Rat Race: Noisy Pre-Marital Investments with Assortative Matching

Bhaskar, Venkataraman; Hopkins, Ed - C.E.P.R. Discussion Papers - 2011

We study the incentives of parents to invest in their children when these investments improve their marriage prospects, in a frictionless marriage market with non-transferable utility. Stochastic returns to investment eliminate the multiplicity of equilibria that plagues models with...

Persistent link: https://www.econbiz.de/10009246608

Happiness Inequality in the United States

Stevenson, Betsey; Wolfers, Justin - C.E.P.R. Discussion Papers - 2008

This paper examines how the level and dispersion of self-reported happiness has evolved over the period 1972 …-2006. While there has been no increase in aggregate happiness, inequality in happiness has fallen substantially since the 1970s …. There have been large changes in the level of happiness across groups: Two-thirds of the black-white happiness gap has been …

Persistent link: https://www.econbiz.de/10005136431

Homo Reciprocans: Survey Evidence on Prevalence, Behaviour and Success

Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe - C.E.P.R. Discussion Papers - 2006

Experimental evidence has convincingly shown the existence of reciprocal inclinations, i.e., a tendency for people to respond in-kind to hostile or kind actions. Little is known, however, about: (i) the prevalence of reciprocity in the population, (ii) individual determinants of reciprocity,...

Persistent link: https://www.econbiz.de/10005114269

Redistributive Politics with Distortionary Taxation

Crutzen, Benoît SY; Sahuguet, Nicolas - C.E.P.R. Discussion Papers - 2006

We extend the discussion of redistributive politics across electoral systems to allow for taxation to be distortionary. We allow politicians to choose any tax rate between zero and unity and then redistribute the money collected. We build on the model put forward by Myerson (1993) and Lizzeri...

Persistent link: https://www.econbiz.de/10005504298

Optimal Taxation and Monopsonistic Labour Market: Does Monopsony Justify the Minimum Wage?

Cahuc, Pierre; Laroque, Guy - C.E.P.R. Discussion Papers - 2007

We analyze optimal taxation in an economy with monopsonistic labour markets. The individuals, whose only decisions are whether to work, or not, have heterogeneous productivities and opportunity costs of work. Given its preferences for redistribution, the government, which does not observe the...

Persistent link: https://www.econbiz.de/10005504333

Liability-Creating Versus Non-Liability-Creating Fiscal Stabilization Policies: Ricardian Equivalence, Fiscal Stabilization and EMU

Bayoumi, Tamim; Masson, Paul R - C.E.P.R. Discussion Papers - 1998

This paper looks at theoretical and empirical issues associated with the operation of fiscal stabilizers within an economy. It argues that such stabilizers operate most effectively at a national, rather than local, level. As differing cycles across regions tend to offset each other for the...

Persistent link: https://www.econbiz.de/10005504538

Mortality Risks, Education and Child Labour

Baland, Jean-Marie; Estevan, Fernanda - C.E.P.R. Discussion Papers - 2006

In this paper, we investigate the role of young adult mortality on child labour and educational decisions. We argue that mortality risks are a major source of risks in returns to education in developing countries. We show that, in the absence of appropriate insurance mechanisms, the level of...

Persistent link: https://www.econbiz.de/10005498071

Family Taxation: An Unfair and Inefficient System

Apps, Patricia - Research School of Economics, College of Business and … - 2006

This paper presents an analysis of the 2005-06 family tax system comprising the personal income tax, the Medicare Levy, Family Tax Benefits Parts A and B and tax offsets. The results show that most families are now taxed, in effect, on the basis of joint income. Through a succession of reforms...

Persistent link: https://www.econbiz.de/10004968010

Born on the First of July: An (Un)natural Experiment in Birth Timing

Gans, Joshua S.; Leigh, Andrew - Research School of Economics, College of Business and … - 2006

It is well understood that government policies can distort behaviour. But what is less often recognized is the anticipated introduction of a policy can introduce its own distortions. We study one such “introduction effect”, using evidence from a unique policy change in Australia. In 2004,...

Persistent link: https://www.econbiz.de/10004970071

Cultural Transmission of Work-Welfare Attitudes and the Intergenerational Correlation in Welfare Receipt

Baron, Juan; Cobb-Clark, Deborah; Erkal, Nisvan - Research School of Economics, College of Business and … - 2009

This paper considers the potential for the cultural transmission of attitudes toward work, welfare, and individual responsibility to explain the intergenerational correlation in welfare receipt. Specifically, we investigate whether 18-year olds’ views about social benefits and the drivers of...

Persistent link: https://www.econbiz.de/10004970077