Showing 1 - 10 of 86
The paper examines the possible effects of introducing a large-scale welfare reform in Sweden, namely, the introduction … of comprehensive welfare accounts. Under this policy, individuals make mandatory contributions to accounts, which they … can top up with voluntary contributions. In return, individuals’ welfare benefits are paid from their accounts. The paper …
Persistent link: https://www.econbiz.de/10005661890
This Paper estimates the welfare and distributional impact of two types of welfare reform in 14 member countries of the … earnings. The first reform distributes the additional tax revenue uniformly to everybody (traditional welfare) while the second … current welfare and tax systems in all European Union countries (except Sweden) and use calibrated labour supply elasticities …
Persistent link: https://www.econbiz.de/10005136524
employment protection focusing on this trade-off between adjustment costs and productivity. We show that from a welfare point of …
Persistent link: https://www.econbiz.de/10005504274
In this paper we analyze the implementation of socially optimal mergers when the regulator is not informed about the parameters that determine social and private gains from potential mergers. We find that most of the standard tools in dominant strategy implementation, like the revelation...
Persistent link: https://www.econbiz.de/10005504319
After a brief review of classical, Keynesian, New Classical and New Keynesian theories of macroeconomic policy, we assess whether New Keynesian Economics captures the quintessential features stressed by JM Keynes. Particular attention is paid to Keynesian features omitted in New Keynesian...
Persistent link: https://www.econbiz.de/10005504355
equilibrium model of trade under imperfect competition. The focus of the paper is the welfare consequences of reducing trade … barriers and the changes in production and trade flows with the rest of the world. Welfare changes by country are reported and … welfare effects arising from imperfect competition. Intra-EC trade liberalization has pro-competitive effects which make a …
Persistent link: https://www.econbiz.de/10005504484
a welfare optimum. Spending is successively treated as 'waste', 'consumption' and 'investment'. In all cases, when bond …
Persistent link: https://www.econbiz.de/10005504596
Two of the earliest inventions of a human capital-intensive technology were for the production of personal internal goods that enabled humans to derive more pleasure out of leisure, namely dance and music. I model the incentives to invent hobbies and to acquire hobby skills, and its implications...
Persistent link: https://www.econbiz.de/10005504741
dependence. In addition, the labour force status of the household head has different effects for native and immigrant welfare …
Persistent link: https://www.econbiz.de/10005497774
The objective of this Paper is to apply different welfare approaches to the canonical model developed by Krugman, with … potential Pareto improvement criteria, as well as the utilitarian and Rawlsian welfare functions. No clear answer emerges for …
Persistent link: https://www.econbiz.de/10005497807