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Determinants and Consequences of Bargaining Power in Households
Friedberg, Leora - 2006
constitutes a missing link confirming the importance of household bargaining models.We find that decision-making power depends on … than the first set. Current and lifetime earnings have significant but moderate effects on decision-making power. On the … other hand, decision-making power has important effects on financial decisions like stock market investment and total wealth …
Persistent link: https://www.econbiz.de/10012779747
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The Decision to Delay Social Security Benefits : Theory and Evidence
Shoven, John B. - 2012
Social Security benefits may be commenced at any time between age 62 and age 70. As individuals who claim later can, on average, expect to receive benefits for a shorter period, an actuarial adjustment is made to the monthly benefit amount to reflect the age at which benefits are claimed. We...
Persistent link: https://www.econbiz.de/10013110239
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Open Access as a Crude Solution to a Hold-Up Problem in the Two-Sided Market for Academic Journals
McCabe, Mark J. - 2019
The move from traditional to open-access journals—which charge no subscription fees, only submission fees—is gaining support in academia. We analyze a two-sided-market model in which journals cannot commit to subscription fees when authors (who prefer low subscription fees because this...
Persistent link: https://www.econbiz.de/10012903350
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An Exploration of Optimal Stabilization Policy
Mankiw, N. Gregory - 2011
This paper examines the optimal response of monetary and fiscal policy to a decline in aggregate demand. The theoretical framework is a two-period general equilibrium model in which prices are sticky in the short run and flexible in the long run. Policy is evaluated by how well it raises the...
Persistent link: https://www.econbiz.de/10013124860
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The International Migration of Knowledge Workers : When is Brain Drain Beneficial?
Kuhn, Peter - 2007
We consider the welfare effects of the emigration of workers who produce a public good (knowledge). We distinguish … between the knowledge diversion and knowledge creation effects of such emigration, and show that the remaining residents of a … country can gain from emigration, even when tastes for knowledge goods exhibit a kind of 'home bias'. In contrast to existing …
Persistent link: https://www.econbiz.de/10012778122
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Storable Votes and Agenda Order Control. Theory and Experiments
Casella, Alessandra - 2010
The paper studies a voting scheme where members of a committee voting sequentially on a known series of binary proposals are each granted a single extra bonus vote to cast as desired - a streamlined version of Storable Votes. When the order of the agenda is exogenous, a simple sufficient...
Persistent link: https://www.econbiz.de/10012758153
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Can welfare be measured with a preference-satisfaction index?
Deijl, Willem van der - In: The journal of economic methodology 25 (2018) 2, pp. 126-142
Persistent link: https://www.econbiz.de/10011919800
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Welfare Analysis Meets Causal Inference
Finkelstein, Amy; Hendren, Nathaniel - 2023
We describe a framework for empirical welfare analysis that uses the causal estimates of a policy’s impact on net government spending. This framework provides guidance for which causal effects are (and are not) needed for empirical welfare analysis of public policies.The key ingredient is the...
Persistent link: https://www.econbiz.de/10014346912
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Trade, Diffusion and the Gains from Openness
Rodríguez-Clare, Andrés - 2012
Building on Eaton and Kortum's (2002) model of Ricardian trade, Alvarez and Lucas (2005) calculate that a small country representing 1% of the world's GDP experiences a gain of 41% as it goes from autarky to frictionless trade with the rest of the world. But the gains from openness, which...
Persistent link: https://www.econbiz.de/10012755278
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Innovation, Competition and Welfare-Enhancing Monopoly
Darby, Michael R. - 2011
The basic competitive model with freely available technology is suited for static industries but misleading as applied to major innovative economies for which development of new technologies equals in magnitude around 10% of gross domestic investment. We distinguish free generic technology from...
Persistent link: https://www.econbiz.de/10012757081