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Displaying results 1 to 21 of 21.

  1. Pension reform
    isentangling retirement and savings responses
    Author: Lindeboom, Maarten; Montizaan, Raymond
    Published: [2018]
    Publisher:  Graduate School of Business and Economics, Maastricht

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    VS 285 (2018,19)
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    Language: English
    Media type: Book
    Format: Online
    Series: [Research memorandum] / Maastricht University, Graduate School of Business and Economics (GSBE) ; RM/18, 019
    Subjects: natural experiment; regression discontinuity; retirement; private wealth; public wealth; crowding out; substitution rate
    Scope: 1 Online-Ressource (circa 57 Seiten)
  2. Pension reform
    disentangling retirement and savings responses
    Author: Lindeboom, Maarten; Montizaan, Raymond
    Published: [2018]
    Publisher:  Research Centre for Education and the Labour Market, Maastricht

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    Language: English
    Media type: Book
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    Series: ROA research memorandum / Researchcentrum voor Onderwijs en Arbeidsmarkt ; ROA-RM-2018, 4 (June 2018)
    Subjects: natural experiment; regression discontinuity; retirement; private wealth; public wealth; crowding out; substitution rate
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  3. Wars, education and economic development
    Author: Madsen, Jakob Brøchner; Zaman, Miethy
    Published: 2023
    Publisher:  Australian National University, Crawford School of Public Policy, Canberra

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    Series: CAMA working paper series ; 2023, 22 (May 2023)
    Subjects: Military campaigns; education; economic development; crowding out; state capacity; Latin America
    Scope: 1 Online-Ressource (circa 23 Seiten), Illustrationen
  4. Incentive and signaling effects of bonus payments
    an experiment in a company
    Author: Deversi, Marvin; Spantig, Lisa
    Published: February 2023
    Publisher:  CESifo, Munich, Germany

    Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use signals the prevalence of free-riding among employees. This paper tests this hypothesis experimentally, using... more

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    Economists and management scholars have argued that the scope of incentives to increase cooperation in organizations is limited as their use signals the prevalence of free-riding among employees. This paper tests this hypothesis experimentally, using a sample of managers and employees from a large company. We exogenously vary whether managers are informed about prevailing cooperation levels among employees before they can set incentives to promote cooperation. In addition, employees matched to informed managers learn that the manager could base their incentive choice on cooperation levels. We find no evidence for the hypothesized signaling effect. Having an informed manager set the incentive does not change employees' be-liefs about the cooperativeness of others. Incentives hence have strong positive effects on cooperative beliefs, irrespective of information. The absence of the signaling effect seems related to the perception of managers' intentions, a mitigating but understudied factor.

     
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    Language: English
    Media type: Book
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    hdl: 10419/271946
    Series: CESifo working papers ; 10302 (2023)
    Subjects: cooperation; incentives; signalling; crowding out; experiment
    Scope: 1 Online-Ressource (circa 43 Seiten), Illustrationen
  5. "Let them eat cake"
    drought, peasant uprisings, and demand for institutional change in the French revolution
    Author: Waldinger, Maria
    Published: February 2023
    Publisher:  CESifo, Munich, Germany

    The paper studies whether a drought in 1788 affected the outbreak of peasant revolts during the French Revolution. I construct a community-level data set with information on local drought severity and peasant uprisings in 1789. Results indicate that... more

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    The paper studies whether a drought in 1788 affected the outbreak of peasant revolts during the French Revolution. I construct a community-level data set with information on local drought severity and peasant uprisings in 1789. Results indicate that those more affected by the drought more often participated in peasant revolts against the feudal system. Then, I investigate a mechanism through which drought may have affected peasant revolts. I find that those more affected by the drought had higher demand for institutional change as expressed in the lists of grievances. The results provide evidence on specific ways in which the drought of 1788 impacted the French Revolution, a milestone in the democratization of Western Europe.

     
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    Language: English
    Media type: Book
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    hdl: 10419/271947
    Series: CESifo working papers ; 10303 (2023)
    Subjects: cooperation; incentives; signalling; crowding out; experiment
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  6. The efficiency of state aid for the deployment of high-speed broadband
    evidence from the French market
    Author: Bourreau, Marc; Grzybowski, Lukasz; Muñoz-Acevedo, Ángela
    Published: May 2023
    Publisher:  CESifo, Munich, Germany

    In this paper, we evaluate the efficiency of the French State aid plan for broadband deployment, the Plan France Très Haut Débit. According to State aid rules, public subsidies should not be substitute for private investment and should target areas... more

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    In this paper, we evaluate the efficiency of the French State aid plan for broadband deployment, the Plan France Très Haut Débit. According to State aid rules, public subsidies should not be substitute for private investment and should target areas with market failures. We estimate a structural model of fiber entry using a rich dataset on fiber deployment for more than 34,000 municipalities in mainland France over 2014-2019. We then assess whether private investment would have occurred in subsidized municipalities in the absence of public subsidies. We find that between 64% and 93% of the time, public subsidies were granted to municipalities where private entry would not have occurred. Overall, we estimate the cost of "inefficient" public subsidies to be between 243 and 902 million euros, with total subsidies amounting to 2,203 million euros by the end of 2019. Finally, we find that the plan helped to increase fiber coverage in subsidized municipalities in the early stages of fiber deployment.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
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    Other identifier:
    hdl: 10419/279189
    Series: CESifo working papers ; 10440 (2023)
    Subjects: state aid; ex-post evaluation; broadband; entry; coverage; crowding out
    Scope: 1 Online-Ressource (circa 44 Seiten), Illustrationen
  7. The Long-Run Effects of Sports Club Vouchers for Primary School Children
    Author: Marcus, Jan; Siedler, Thomas; Ziebarth, Nicolas R.
    Published: 2021
    Publisher:  Universität Potsdam, Potsdam

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    Edition: Thus version: June 25,2021
    Series: CEPA discussion papers ; No. 34
    Subjects: crowding out; habit formation; obesity; objective health measures; physical activity; primary school; school health examinations; taxpayer subsidies; voucher; windfall gains
    Scope: 1 Online-Ressource (72 Seiten, 3356 KB)
    Notes:

    Gesehen am 07.07.2021

    Starting in 2009, the German state of Saxony distributed sports club membership vouchers among all 33,000 third graders in the state. The policy’s objective was to encourage them to develop a long-term habit of exercising. In 2018, we carried out a large register-based survey among several cohorts in Saxony and two neighboring states. Our difference-in-differences estimations show that, even after a decade, awareness of the voucher program was significantly higher in the treatment group. We also find that youth received and redeemed the vouchers. However, we do not find significant short- or long-term effects on sports club membership, physical activity, overweightness, or motor skills
  8. The political economy of (in)formal long term care transfers
    Author: De Donder, Philippe; Leroux, Marie-Louise
    Published: 2015
    Publisher:  IDEI, Toulouse

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    Format: Online
    Series: Working papers / IDEI ; 848
    Subjects: Majority Voting; local Condorcet winner; crowding out; intrinsic preference for informal help; tax reform
    Scope: Online-Ressource (34 S.), graph. Darst.
  9. Debt into growth
    how sovereign debt accelerated the first Industrial Revolution
    Author: Ventura, Jaume; Voth, Hans-Joachim
    Published: May 2015
    Publisher:  [Universitat Pompeu Fabra, Department of Economics and Business], [Barcelona]

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    Series: [Working papers / Universitat Pompeu Fabra, Department of Economics and Business ; 1483]
    Subjects: crowding out; debt crises; Industrial Revolution; Ricardian equivalence; misallocation; financial repression; structural change; productivity
    Scope: 1 Online-Ressource (circa 29 Seiten), Illustrationen
  10. Debt into growth
    how sovereign debt accelerated the first Industrial Revolution
    Author: Ventura, Jaume; Voth, Hans-Joachim
    Published: May 2015
    Publisher:  GSE, Graduate School of Economics, Barcelona

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    Series: Barcelona GSE working paper series ; no 830
    Subjects: crowding out; debt crises; Industrial Revolution; Ricardian equivalence; misallocation; financial repression; structural change; productivity
    Scope: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  11. Pension reform and wealth inequality
    evidence from Denmark
    Author: Andersen, Torben M.; Bhattacharya, Joydeep; Grodecka-Messi, Anna; Mann, Katja
    Published: February 2022
    Publisher:  Sveriges Riksbank, Stockholm

    A growing literature explores reasons for rising wealth inequality, but disregards the role of pension systems despite their well-understood infiuence on life-cycle saving. In theory and according to available evidence, both pay-as-you-go (PAYG) and... more

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    A growing literature explores reasons for rising wealth inequality, but disregards the role of pension systems despite their well-understood infiuence on life-cycle saving. In theory and according to available evidence, both pay-as-you-go (PAYG) and fully-funded (FF) pension schemes crowd out voluntary retirement saving. They differ because aggregate savings decrease in the former but increase under the latter system. Unlike most nations, Denmark has seen a decline in wealth inequality in recent decades. This paper studies a calibrated life-cycle model of Denmark and employs unique registry data to argue that a Danish pension system transition, from a mostly PAYG to a dominant, mandated FF scheme, explains much of this decline.

     
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    hdl: 10419/272868
    Series: Sveriges Riksbank working paper series ; 411
    Subjects: Wealth inequality; pension systems; crowding out; life-cycle savings
    Scope: 1 Online-Ressource (circa 63 Seiten), Illustrationen
  12. Access to finance in the Middle East and North Africa
    evidence from the 2019 Enterprise Survey
    Author: Akbas, Ozan; Alper, Koray; Benincasa, Emanuela; Betz, Frank; Davradakis, Emmanouil; Gattini, Luca; Kadereit, Till
    Published: [2022]
    Publisher:  European Investment Bank, [Luxembourg]

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    Source: Union catalogues
    Language: English
    Media type: Ebook
    Format: Online
    ISBN: 9789286153228
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    Series: Economics
    MENA enterprise survey report working papers ; volume 1
    Subjects: Credit constraints; financial autarky; crowding out; physical climate risk
    Scope: 1 Online-Ressource (circa 48 Seiten), Illustrationen
  13. Do governments crowd out governments?
    evidence from embassies at fiscal year-end
    Author: Baumann, Stuart; Klymak, Margaryta
    Published: [2022]
    Publisher:  Department of Economics, University of Oxford, Oxford

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    Source: Union catalogues
    Language: English
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    Series: Department of Economics discussion paper series / University of Oxford ; number 988 (October 2022)
    Subjects: government spending; embassies; fiscal year-end; crowding out; United King-dom
    Scope: 1 Online-Ressource (circa 31 Seiten)
  14. MPCs through COVID
    spending, saving and private transfers
    Author: Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, Hamish
    Published: 05 Feb 2021
    Publisher:  The Institute for Fiscal Studies, London

    MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are low, around 11% on average. They are higher, but still modest, for... more

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    MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are low, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic un-certainty. Further, the fraction of respondents that report they would change their transfer payments to or from family and friends is almost as large as the fraction that report they would increase their spending. This means that targeting direct fiscal stimulus payments to high-MPC individuals could be partly undone, and that the aggregate MPC out of a stimulus payment need not equal the population-average MPC.

     
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    hdl: 10419/242902
    Series: Working paper / lnstitute for Fiscal Studies ; 21, 03
    Subjects: spending; MPC; crowding out; COVID-19
    Scope: 1 Online-Ressource (circa 20 Seiten), Illustrationen
  15. MPCs in an economic crisis
    spending, saving and private transfers
    Author: Crossley, Thomas F.; Fisher, Paul; Levell, Peter; Low, Hamish
    Published: [2021]
    Publisher:  Institute for Fiscal Studies, London

    MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are modest, around 11% on average. They are higher, but still modest, for... more

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    MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are modest, around 11% on average. They are higher, but still modest, for individuals in households with high current needs. These low MPCs may be a consequence of the prevailing economic uncertainty. Significant fractions of respondents report they would use a windfall to pay down debt, or that they would change their transfer payments to or from family and friends. The latter means that the aggregate MPC out of a stimulus payment need not equal the population-average MPC.

     
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    hdl: 10419/242925
    Series: Working paper / lnstitute for Fiscal Studies ; 21, 26
    Subjects: spending; MPC; crowding out; COVID-19
    Scope: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  16. Sovereign debt markets in turbulent times
    creditor discrimination and crowding-out effects
    Author: Broner, Fernando; Martin, Alberto; Ventura, Jaume; Erce, Aitor
    Published: 2014
    Publisher:  Banco de España, Madrid

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    Source: Union catalogues
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    Format: Online
    Series: Documentos de trabajo / Banco de España, Eurosistema ; no. 1402
    Subjects: sovereign debt; discrimination; crowding out; rollover crises; economic growth
    Scope: 1 Online-Ressource (circa 69 Seiten), Illustrationen
    Notes:

    Zusammenfassung in spanischer Sprache
  17. The long-run effects of sports club vouchers for primary school children
    Author: Marcus, Jan; Siedler, Thomas; Ziebarth, Nicolas R.
    Published: [2021]
    Publisher:  German Socio-Economic Panel (SOEP), DIW Berlin, Berlin, Germany

    Starting in 2009, the German state of Saxony distributed sports club membership vouchers among all 33,000 third graders in the state. The policy's objective was to encourage them to develop a long-term habit of exercising. In 2018, we carried out a... more

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    Starting in 2009, the German state of Saxony distributed sports club membership vouchers among all 33,000 third graders in the state. The policy's objective was to encourage them to develop a long-term habit of exercising. In 2018, we carried out a large register-based survey among several cohorts in Saxony and two neighboring states. Our difference-indifferences estimations show that, even after a decade, awareness of the voucher program was significantly higher in the treatment group. We also find that youth received and redeemed the vouchers. However, we do not find significant short- or long-term effects on sports club membership, physical activity, overweightness, or motor skills.

     
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    Media type: Book
    Format: Online
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    hdl: 10419/235218
    Series: SOEPpapers on multidisciplinary panel data research ; 1133 (2021)
    Subjects: physical activity; voucher; primary school; obesity; habit formation; objective health measures; school health examinations; windfall gains; crowding out; taxpayer subsidies
    Scope: 1 Online-Ressource (circa 75 Seiten), Illustrationen
  18. The Long-Run Effects of Sports Club Vouchers for Primary School Children
    Author: Marcus, Jan; Siedler, Thomas; Ziebarth, Nicolas R.
    Published: 2021
    Publisher:  Universität Potsdam, Potsdam

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    Source: Union catalogues
    Language: English
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    Format: Online
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    Edition: Thus version: June 25,2021
    Series: CEPA discussion papers ; No. 34
    Subjects: crowding out; habit formation; obesity; objective health measures; physical activity; primary school; school health examinations; taxpayer subsidies; voucher; windfall gains
    Scope: 1 Online-Ressource (72 Seiten, 3356 KB)
    Notes:

    Gesehen am 07.07.2021

    Starting in 2009, the German state of Saxony distributed sports club membership vouchers among all 33,000 third graders in the state. The policy’s objective was to encourage them to develop a long-term habit of exercising. In 2018, we carried out a large register-based survey among several cohorts in Saxony and two neighboring states. Our difference-in-differences estimations show that, even after a decade, awareness of the voucher program was significantly higher in the treatment group. We also find that youth received and redeemed the vouchers. However, we do not find significant short- or long-term effects on sports club membership, physical activity, overweightness, or motor skills
  19. Incentive contracts crowd out voluntary cooperation
    evidence from gift-exchange experiments
    Author: Gächter, Simon; Kaiser, Esther; Königstein, Manfred
    Published: March 2024
    Publisher:  IZA - Institute of Labor Economics, Bonn, Germany

    Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many contractual relationships. In a series of eight laboratory gift-exchange experiments, we show that incentive contracts can lead to... more

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    Explicit and implicit incentives and opportunities for mutually beneficial voluntary cooperation co-exist in many contractual relationships. In a series of eight laboratory gift-exchange experiments, we show that incentive contracts can lead to crowding out of voluntary cooperation even after incentives have been abolished. This crowding out occurs also in repeated relationships, which otherwise strongly increase effort compared to one-shot interactions. Using a unified econometric framework, we unpack these results as a function of positive and negative reciprocity, as well as the principals' wage offer and the incentive-compatibility of the contract. Crowding out is mostly due to reduced wages and not a change in reciprocal wage-effort relationships. Our systematic analysis also replicates established results on gift exchange, incentives, and crowding out of voluntary cooperation while exposed to incentives. Overall, our findings show that the behavioral consequences of explicit incentives strongly depend on the features of the situation in which they are embedded.

     
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    hdl: 10419/295895
    Series: Discussion paper series / IZA ; no. 16872
    Subjects: principal-agent games; gift-exchange experiments; incomplete contracts; explicit incentives; implicit incentives; repeated games; crowding out
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  20. Does government spending crowd out voluntary labor and donations?
    there is little evidence that government spending crowds out private charitable donations of time and money
    Author: Bredtmann, Julia; Martínez Flores, Fernanda
    Published: January 2023
    Publisher:  Forschungsinstitut zur Zukunft der Arbeit GmbH (IZA), Bonn

    Private charitable contributions play an essential role in most economies. From a policy perspective, there is concern that comprehensive government spending might crowd out private charitable donations. If perfect crowding out occurs, then every... more

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    Private charitable contributions play an essential role in most economies. From a policy perspective, there is concern that comprehensive government spending might crowd out private charitable donations. If perfect crowding out occurs, then every dollar spent by the government will lead to a one-for-one decrease in private spending, leaving the total level of welfare unaltered. Understanding the magnitude and the causes of crowding out is crucial from a policy perspective, as crowding out represents a hidden cost to public spending and can thus have significant consequences for government policies toward public welfare provision.

     
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    Source: Union catalogues
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    hdl: 10419/274630
    Series: IZA world of labor ; 2023, 299.v2
    Subjects: private philanthropy; time and money donations; government spending; crowding out
    Scope: 1 Online-Ressource (circa 11 Seiten), Illustrationen
    Notes:

    Previous version September 2016
  21. Growing like Germany
    local public debt, local banks, low private investment
    Author: Hoffmann, Mathias; Stewen, Iryna; Stiefel, Michael
    Published: [2023]
    Publisher:  University of Zurich, Department of Economics, Zurich

    Over 2010-2016, municipal debt in Germany crowded out private investment worth 1 percent of GDP. Forced to lend to municipalities by their statutes, local public banks compensated for declining municipal-debt yields by charging higher rates to firms... more

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    Over 2010-2016, municipal debt in Germany crowded out private investment worth 1 percent of GDP. Forced to lend to municipalities by their statutes, local public banks compensated for declining municipal-debt yields by charging higher rates to firms in Germany's locally segmented credit markets. The ensuing crowding out was made worse by increased municipal borrowing when expensive fiscal commitments were shifted from federal and state to the municipal levels following the introduction of the debt brake. Our results identify new channels through which low interest rates adversely affect real outcomes and locally segmented credit markets can amplify contractionary effects from fiscal austerity.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/282187
    Edition: Revised version, December 2023
    Series: Working paper series / University of Zurich, Department of Economics ; no. 380
    Subjects: local public finance; firm-level investment; crowding out; fiscal austerity; fiscal rules; global and intra-European imbalances
    Scope: 1 Online-Ressource (circa 68 Seiten), Illustrationen