Showing 1 - 10 of 100
Many political issues like abortion, gay marriage or assisted suicide are strongly contested because individuals have preferences not only over their own choice but also about other individuals? actions. How should society decide these issues? This paper compares three regimes (centralization,...
Persistent link: https://www.econbiz.de/10010261228
from the Rose [2004] dataset, the ITERATE dataset for terrorist events, and datasets of external and internal conflict. We … of terrorism, as well as internal and external conflict is equivalent to as much as a 30 percent tariff on trade. This is …
Persistent link: https://www.econbiz.de/10010261218
Preparations are underway to revise national accounting to implement actuarial recording of pension liabilities for corporations and government as an employer. This paper extends this to unfunded public pensions with the help of ?implicit tax? in pension contributions. The clearest advantages of...
Persistent link: https://www.econbiz.de/10010261211
Civil servants have a bad reputation of being lazy. However, citizens' personal experiences with civil servants appear to be significantly better. We develop a model of an economy in which workers differ in laziness and in public service motivation, and characterise optimal incentive contracts...
Persistent link: https://www.econbiz.de/10010261219
In welfare states, collective saving has declined to a persistently negative level, while reduced fertility and increasing longevity are leading to increasing pension liabilities. Actuarial neutrality across generations is presented as a benchmark for designing pension reforms to meet the...
Persistent link: https://www.econbiz.de/10010261300
In this paper we study the link between elections, fiscal policy and aggregate fluctuations. The set-up is a stylized dynamic stochastic general equilibrium model incorporating both technology and political re-election shocks. The later are incorporated via a two-party model with elections. The...
Persistent link: https://www.econbiz.de/10010261369
This paper analyzes whether changes in the timing of equalizing transfers to state governments necessitate an adjustment in federal corrective policy. According to the existing literature (assuming an ex-ante choice of transfers), the corrective grant is equal to the marginal damage/benefit...
Persistent link: https://www.econbiz.de/10010263941
Scandinavian countries are often portrayed in policy debates as model examples having shown how to square concerns for efficiency and equity. The core principle of the Scandinavian welfare model is an individual entitlement to public sector provisions combined with collective financing via...
Persistent link: https://www.econbiz.de/10010264060
Political connections between firms and autocratic regimes are not secret and often even publicly displayed in many developing economies. We argue that tying a firm's available rent to a regime's survival acts as a credible commitment forcing entrepreneurs to support the government and to exert...
Persistent link: https://www.econbiz.de/10010264152
This is the first study that assesses the economic effects of direct democratic institutions on a cross country basis. Its results are based on up to six new measures produced to reflect the legislative basis for using direct democratic institutions as well as their factual use. In addition, a...
Persistent link: https://www.econbiz.de/10010264252