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"Should I pay for you or for myself"? : the optimal level and composition of retirement benefit systems

Praag, Bernard M. S. van; Cardoso, Pedro - 2001

Feldstein [1985] posed the questions of what would be the optimal level of retirement benefit, and what would be the optimal mix between the pay-as-you-go system and the funded pension system under the assumption of an exogenous interest rate. We reconsider the problem with the addition of a...

Persistent link: https://www.econbiz.de/10011339670

Designing efficient college and tax policies

Findeisen, Sebastian; Sachs, Dominik - 2015

The total social benefits of college education exceed the private benefits because the government receives a share of the monetary returns in the form of income taxes. We study the policy implications of this fiscal externality in an optimal dynamic tax framework. Using a variational approach we...

Persistent link: https://www.econbiz.de/10011295596

Biofuel subsidies : an open-economy analysis

Bandyopadhyay, Subhayu; Bhaumik, Sumon Kumar; Wall, … - 2009

, when a Pigouvian tax on conventional fuels such as crude is in place, the optimal biofuel subsidy is zero. When the tax on … crude is not available as a policy option, however, a second-best biofuel subsidy (or tax) is optimal. In the large …-country case, the optimal tax on crude departs from its standard Pigouvian level and a biofuel subsidy is optimal. A biofuel …

Persistent link: https://www.econbiz.de/10003920242

How to deal with covert child labour, and give children an effective education, in a poor developing country

Cigno, Alessandro - 2011

As credit and insurance markets are imperfect, and given that intra-family transfers, and the way a child uses her time outside school hours, are private information, the second-best policy makes school enrollment compulsory, forces overt child labour below its efficient level (if positive), and...

Persistent link: https://www.econbiz.de/10009248148

Efficient tax policy ranks education higher than saving

Richter, Wolfram F. (contributor) - 2008

Assuming a two-period model with endogenous choices of labour, education, and saving, it is shown to be second-best efficient not to distort the choice of education. In general this implies distorting the saving decision. Hence a strict order of policy priority is derived. Efficient tax policy...

Persistent link: https://www.econbiz.de/10003688797

Effective climate policy needs non-combustion uses for hydrocarbons

Konrad, Kai A.; Lommerud, Kjell Erik - 2021

A central issue that is discussed in climate policy is the fear of owners of stocks of fossil hydrocarbon deposits that high CO2 taxes and bans on the combustion use of hydrocarbons will turn their stocks into stranded assets. They might react by extracting and selling their reserves today: a...

Persistent link: https://www.econbiz.de/10012550036

The effect of renewable energy development on carbon emission reduction : an empirical analysis for the EU-15 countries

Abolhosseini, Shahrouz; Heshmati, Almas; Altmann, Jörn - 2014

The increased concerns about climate change have made renewable energy sources an important topic of research. Several scholars have applied different methodologies to examine the relationships between energy consumption and economic growth of individual and groups of countries and to analyze...

Persistent link: https://www.econbiz.de/10010250022

Information nudges, subsidies, and crowding out of attention : field evidence from energy efficiency investments

Rodemeier, Matthias; Löschel, Andreas - 2023

How can information substitute or complement financial incentives such as Pigouvian subsidies? We answer this question in a large-scale field experiment that cross-randomizes energy efficiency subsidies with information about the financial savings of LED lighting. Information has two effects: It...

Persistent link: https://www.econbiz.de/10014279873

The main support mechanisms to finance renewable energy development

Abolhosseini, Shahrouz; Heshmati, Almas - 2014

Considering that the major part of greenhouse gases is carbon dioxide, there is a global concern aimed at reducing carbon emissions. Additionally, major consumer countries are looking for alternative sources of energy to avoid the impact of higher fossil fuel prices and political instability in...

Persistent link: https://www.econbiz.de/10010356799

Mincer equation, power law of learning, and efficient education policy

Richter, Wolfram F. - 2013

The basis for the empirical research on earnings determination is the Mincer equation. Individuals are assumed to make schooling decisions by maximizing earnings. Leisure costs of schooling and labour supply are neglected which has some empirically implausible implications. This paper shows a...

Persistent link: https://www.econbiz.de/10009721334