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We offer a new explanation for why taxes have become less redistributive in many countries in parallel with an increase in income concentration. When performance-based contracts are needed to incentivize effort, redistribution through progressive income taxes becomes less precisely targeted....
Persistent link: https://www.econbiz.de/10014458815
more risk averse, to having social status concerns, and to relying more often on formal and informal insurance. However …
Persistent link: https://www.econbiz.de/10012108631
Das Instrument des Emissionshandelssystems (EHS) wird von Umweltökonom:innen an prominenter Stelle zur Bewältigung der ökologischen Krisen sowohl im wissenschaftlichen Diskurs als auch in der Politikberatung empfohlen. Wir arbeiten drei implizite normative Prämissen des Lehrbuchmodells eines...
Persistent link: https://www.econbiz.de/10012311852
This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....
Persistent link: https://www.econbiz.de/10013334417
Oliver Hart and Bengt Holmström were awarded the 2016 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for their fundamental contributions to contract theory. This article offers a short summary and discussion of their path breaking work.
Persistent link: https://www.econbiz.de/10011626725
We test the effect of performance-based incentives on educational achievement in a low-performing school district using a randomized field experiment. High school freshmen were provided monthly financial incentives for meeting an achievement standard based on multiple measures of performance...
Persistent link: https://www.econbiz.de/10012456567
Persistent link: https://www.econbiz.de/10014486892
leader in basic research. Our study is based on the records of major scientific awards, and on data dealing with global …
Persistent link: https://www.econbiz.de/10012466442
Knowledge generation is key to economic growth, and scientific prizes are designed to encourage it. But how does winning a prestigious prize affect future output? We compare the productivity of Fields medalists (winners of the top mathematics prize) to that of similarly brilliant contenders. The...
Persistent link: https://www.econbiz.de/10012459217
This paper provides novel field-experimental evidence on status goods. We work with an Indonesian bank that markets … exceeds demand for a nondescript control product with identical benefits, suggesting demand for the pure status aspect of the … social status. In a second experiment, we provide evidence of positional externalities from the consumption of these status …
Persistent link: https://www.econbiz.de/10012455267