Showing 1 - 10 of 44
This essay presents a new theory explaining increased wage inequality. A standard endogenous growth model is augmented with occupational choice of highskill workers. Depending on the occupational choice, high-skill workers earn either a certain or uncertain income. Wage inequality, measured by...
Persistent link: https://www.econbiz.de/10005423959
This paper investigates the relationship between various market imperfections and the skill premium. The model in this paper assumes perfectly competitive labor markets but distorted product and financial markets. The model predicts that the skill premium is positively correlated with market...
Persistent link: https://www.econbiz.de/10005771210
Most economic data are difficult to explore with the global window width kernel density estimator, because they require different amounts of smoothing in different locations. When data are right-skewed one possible approach to this problem is based on transformations of the data. We propose a...
Persistent link: https://www.econbiz.de/10005176425
This paper analyses the effect of aspects of family background, such as family income and parental education, on the educational attainment of persons born from 1967 to 1972. Family income is measured at different periods of a child’s life to separate longterm versus short-term effects of...
Persistent link: https://www.econbiz.de/10008918540
The demographic problems in developed countries are getting more and more important. Very low fertility rates especially among skilled individuals will soon become relevant for a country's economy. Also of importance is education of children. Since there is an increasing demand for skilled...
Persistent link: https://www.econbiz.de/10008462122
We propose a mechanism to implement the distributional goal of "specific egalitarianism", or that allocation of a good be independent of income, but increasing in relative strength of preference or need. Governments could offer the good at multiple "outlets" that charge different money and time...
Persistent link: https://www.econbiz.de/10005111057
We propose an allocation mechanism for publicly providing a private good such that the final allocation is simultaneously independent of income and increasing in strength of preference or need. The "pay or wait" mechanism consists of offering the good for sale at two outlets. The 'queuing'...
Persistent link: https://www.econbiz.de/10005111062
A number of competing social preference models have been developed inspired by the evidence from economic experiments. We test the relative performance of some of these models using an experimental design that is aimed at capturing pure distributional concerns in a multi-person setting. We find...
Persistent link: https://www.econbiz.de/10005423933
We show that peer sanctioning increases cooperation in public goods experiments more in unequally endowed groups than in equally endowed groups. Punishment results in a redistribution of wealth from high to low endowment players within groups. <p>
Persistent link: https://www.econbiz.de/10005423962
Subjective wellbeing (SWB) is increasingly used as a way to measure individual wellbeing. Interpreted as "experienced utility", it has been compared to "decision utility" using specific experiments (Kahneman et al., 1997) or stated preferences(Benjamin et al. 2012). We suggest here an original...
Persistent link: https://www.econbiz.de/10011164357