infonet-economy

Over the recent years one could repeatedly hear the claim that a rising concern for relative standing (in terms of consumption) was partly responsible for the decline in household savings and in growth that could be observed in some developed countries (particularly in the US) and that the rise in income inequality had further aggravated this process. In this paper we want to analyze...

"Historical events are reflected in asset prices. Looking at government bond prices of five European countries traded on the Swiss stock exchange during WWII provides a useful way of interpreting the importance attributed to various war events. We direct our attention to value changes in government bonds of five different nations: On the side of the Axis, Germany and Austria; on...

This paper examines two competing explanations for workers' absenteeism, the shirking hypothesis and the adjustment-to-equilibrium hypothesis. Data on German workers for 1985-88 from the German SocioEconomic Panel are used in order to estimate the determinants of workers' absenteeism. The results indicate that firm size matters after wage effects are controlled for. This...

This paper analyses the effects of taxation and subsidies in an economy with private provision of a public good. It is shown that in a situation where all individuals contribute, taxation affects the equilibrium allocation if and only if at least one individual's voluntary contribution to the public good has an impact on the aggregate tax payments of the others. We then consider...

Herausgegeben im Auftrag der Görres Gesellschaft von Wilhelm Korff, Alois Baumgartner, Hermann Franz, Joachim Genosko, Karl Homann, Christian Kirchner, Wolfgang Kluxen, Hans Ulrich Küpper, Arnold Picot und Trutz Rendtorff. Das Handbuch der Wirtschaftsethik stellt das Gespräch zwischen Ökonomie und Ethik auf eine neue Grundlage: In vier Bänden wird auf mehr als 2.000 Seiten die...