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Jacobs, Bas - 2009

In a model with ex-ante homogenous households, earnings risk and a general earnings function, we derive the optimal … (overinvestment) in education due to risk. Education policy unambiguously allows for more social insurance if education is a risky … activity. However, if education hedges against labor market risk, optimal tax rates could be lower than without education …

Persistent link: https://www.econbiz.de/10012765194

Crime and Self-Control Revisited : Disentangling the Effect of Self-Control on Risk and Social Preferences

Friehe, Tim - 2014

In economic models, risk and social preferences are major determinants of criminal behavior. In criminology, low self … relationship between self-control and both risk and social preferences. To exogenously vary the level of self-control, we use a … well-established experimental manipulation. We find that low self-control causes less risk-averse behavior. The effect of …

Persistent link: https://www.econbiz.de/10013054312

Maybe 'Honor Thy Father and Thy Mother' : Uncertain Family Aid and the Design of Social Long Term Care Insurance

Canta, Chiara - 2017

We study the role and design of private and public insurance programs when informal care is uncertain. Children's degree of altruism is randomly distributed over some interval. Social insurance helps parents who receive a low level of care, but it comes at the cost of crowding out informal care....

Persistent link: https://www.econbiz.de/10012963381

Should Income Inequality Be Praised? Multiple Public Goods Provision, Income Distribution and Social Welfare

Itaya, Jun-ichi - 2017

We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that...

Persistent link: https://www.econbiz.de/10012965708

Revealed Relative Utilitarianism

Borgers, Tilman - 2017

We consider the aggregation of individual agents' von Neumann-Morgenstern preferences over lotteries into a social planner's von Neumann-Morgenstern preference. We start from Harsanyi's axiomatization of utilitarianism, and ask under which conditions a social preference order that satisfies...

Persistent link: https://www.econbiz.de/10012947990

The Tragedy of Annuitization

Heijdra, Ben J. - 2010

redistribution of accidental bequests and private annuities in general equilibrium. Individuals face longevity risk as there is a …

Persistent link: https://www.econbiz.de/10013139630

Time-Consistent Fiscal Policy Under Heterogeneity : Conflicting or Common Interests

Angelopulos, Kōnstantinos - 2011

This paper studies the aggregate and distributional implications of Markov-perfect tax-spending policy in a neoclassical growth model with capitalists and workers. Focusing on the long run, our main findings are: (i) it is optimal for a benevolent government, which cares equally about its...

Persistent link: https://www.econbiz.de/10013125070

Escaping the Repugnant Conclusion : Rank-Discounted Utilitarianism with Variable Population

Asheim, Geir B. - 2012

Evaluation of climate policies and other issues requires a variable population setting where population is endogenously determined. We propose and axiomatize the rank-discounted critical-level utilitarian social welfare order. It is shown to fill out the space between critical-level...

Persistent link: https://www.econbiz.de/10013099236

A Comparison of Optimal Tax Policies When Compensation or Responsibility Matter

Jacquet, Laurence - 2010

This paper examines optimal redistribution in a model with high- and low-skilled individuals with heterogeneous tastes for labor. We compare the extent to which optimal policies based on different normative criteria obey the principles of compensation (for differential skills) and responsibility...

Persistent link: https://www.econbiz.de/10013145391

Combining Rights and Welfarism : A New Approach to Intertemporal Evaluation of Social Alternatives

Van Long, Ngo - 2013

We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...

Persistent link: https://www.econbiz.de/10013091469