Showing 1 - 10 of 91
How much does society value redistribution? The common method to derive inverse-optimum welfare weights is by inverting an optimal-tax model. Our alternative imposes fewer restrictions on labor supply and enables comparisons across household types. We use a structural labor supply model to...
Persistent link: https://www.econbiz.de/10015210893
This study investigates the impact of social pension insurance on the efficiency of household financial portfolios … significantly enhances the efficiency of household financial portfolios, partly through the channels of risk attitude and …
Persistent link: https://www.econbiz.de/10015210910
This paper explores the economic effects of imperfect meritocracy in recruitment and career advancement. We compare two career promotion mechanisms: a fully meritocratic system and a "noisy" one, that allows less productive workers to advance. Our model shows that imperfect meritocracy in...
Persistent link: https://www.econbiz.de/10015210978
We estimate a measure of well-being efficiency that assesses countries' ability to transform inputs into subjective … Analysis to a sample of 126 countries. Efficiency scores reveal that high ranking subjective well-being countries, such as the … Nordics, are not strictly the most efficient ones. Also, the scores are uncorrelated with economic efficiency. This suggests …
Persistent link: https://www.econbiz.de/10013470432
(e.g., related to an individual's altruism, fairness perceptions, concerns for efficiency, and political views). By …
Persistent link: https://www.econbiz.de/10014469427
payoffs on cooperation, focusing on one-shot PD games where efficiency requires mutual cooperation. We report results from …
Persistent link: https://www.econbiz.de/10014533918
High student dropout rates are a continuing concern within higher education and have received considerable attention for decades. Despite numerous proposed interventions, it remains unclear which interventions are effective, and what the pivotal active ingredients are. This paper systematically...
Persistent link: https://www.econbiz.de/10014533955
We study the effect of diminishing search frictions in markets with adverse selection by presenting a model in which agents with private information can simultaneously contact multiple trading partners. We highlight a new trade- off: facilitating contacts reduces coordination frictions but also...
Persistent link: https://www.econbiz.de/10014534006
issue of labour market flexibility in transition countries by studying the optimality and efficiency of labour usage among … by value-added and capital stock. Speed of adjustment and labour use optimality and efficiency show much greater … the efficiency of labour usage. On average there is shortage of labour compared to firms? own optimal level, while over …
Persistent link: https://www.econbiz.de/10010261600
longitudinal data set on all manufacturing firms in Slovenia over the period 1994-2001, this study analyzes how firm efficiency … firm efficiency occurs across almost all industries and firm types: large or small; state or private; domestic or foreign …-owned. Changes in firm ownership type have no impact on firm efficiency. Rather, competitive pressures that sort out inefficient …
Persistent link: https://www.econbiz.de/10010261614