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Tax-benefit systems in Europe and the US : between equity and efficiency

Bargain, Olivier; Dolls, Mathias; Neumann, Dirk; … - 2011

preferences or efficiency constraints is an important question that paves the debate about the optimality of welfare regimes. To … approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit … social welfare functions are broadly compatible with the fiction of an optimizing Paretian social planner. Some exceptions …

Persistent link: https://www.econbiz.de/10009240828

How to stimulate single mothers on welfare to find a job : evidence from a natural experiment

Knoef, Marike; Ours, Jan C. van - 2014

We present the results from a natural experiment in which single mothers on welfare were stimulated to find a job. Two … municipalities in The Netherlands, a country with relatively high benefits and low incentives for single mothers to leave welfare for … work. In our analysis, we make a distinction between native and immigrant welfare recipients. For immigrant single mothers …

Persistent link: https://www.econbiz.de/10010354757

Healthy at work? : evidence from a social experimental evaluation of a firm-based wellness program

Simonsen, Marianne; Skipper, Lars - 2024

We employ a large social experiment combined with register-based data allowing for up to 12-year follow-up to evaluate a long-lasting employer-sponsored health and well-being program. We show that employees at treated worksites receive fewer consultations from their primary care physician and...

Persistent link: https://www.econbiz.de/10014583776

Matching and saving in continuous time : proofs

Bayer, Christian; Wälde, Klaus - 2010

This paper provides the proofs to the analysis of a continuous time matching model with saving in Bayer and Wälde (2010a). The paper proves the results on consumption growth, provides an existence proof for optimal consumption and a detailed derivation of the Fokker-Planck equations. --...

Persistent link: https://www.econbiz.de/10003965877

Optimal monetary policy when agents are learning

Molnár, Krisztina; Santoro, Sergio - 2010

policy recommendation is robust: the welfare loss entailed by the optimal policy under learning if the private sector …

Persistent link: https://www.econbiz.de/10003974493

On the perils of stabilizing prices when agents are learning

Mele, Antonio; Molnár, Krisztina; Santoro, Sergio - 2015

not stabilize prices, economic volatility is high, and agents suffer the corresponding welfare losses. However, these …

Persistent link: https://www.econbiz.de/10010474823

Learning stability in economies with heterogenous agents

Honkapohja, Seppo; Mitra, Kaushik - 2002

An economy exhibits structural heterogeneity when the forecasts of different agents have different effects on the determination of aggregate variables. Various forms of structural heterogeneity can arise and we study the important case of economies in which agents' behavior depends on forecasts...

Persistent link: https://www.econbiz.de/10011541172

Are stationary hyperinflation paths learnable?

Adam, Klaus; Evans, George W.; Honkapoja, Seppo - 2003

Earlier studies of the seigniorage inflation model have found that the high-inflation steady state is not stable under adaptive learning. We reconsider this issue and analyze the full set of solutions for the linearized model. Our main focus is on stationary hyperinflationary paths near the...

Persistent link: https://www.econbiz.de/10011507885

Existence of adaptively stable sunspot equilibria near an indeterminate steady state

Evans, George W.; Honkapohja, Seppo - 2001

We examine the nonlinear model Xt = Et F(xt+1) . Markov SSEs exist near an indeterminate steady state, X = F(X), provided F´(X)> 1. We show that there exist Markov SSEs that are E-stable, and therefore locally stable under adaptive learning, if F´(X)< -1.

Persistent link: https://www.econbiz.de/10011398793

Expectational stability of resonant frequency sunspot equilibria

Evans, George W.; Honkapohja, Seppo - 2001

We consider the stability under adaptive learning of the complete set of solutions to the model when . In addition to the fundamentals solution, the literature describes both finite-state Markov sunspot solutions, satisfying a resonant frequency condition, and autoregressive solutions depending...

Persistent link: https://www.econbiz.de/10011398912