infonet-economy

In this paper I employ a dynamic general equilibrium model to study macroe-conomic e®ects and welfare implications of alternative reforms to the U.S. health insurance system. In particular, I focus on expanding Medicare to the entire population, extending Medicaid, and having an individual mandate as well as other related medical reforms. All these reforms can be ¯nanced in several...

Based on a unique firm-level data set from the German manufacturing sector, this paper disentangles environmental and non-environmental product and process innovations. The multivariate probit analysis shows that the various innovation types are determined by different factors. The estimation results suggest a policy mix which comprises the encouragement of R&D activities,...

Das Institute of Internal Auditors (IIA) hat das Rahmenwerk der beruflichen Praxis des internen Audits überarbeitet. Die neuen Bestimmungen sind am 1. Januar 2009 in Kraft getreten. Obschon das überarbeitete Rahmenwerk weitgehend dem alten entspricht, enthält es einige wesentliche Neuerungen, die im Beitrag aufgezeigt und erläutert werden.

This paper presents models for search behavior and provides experimental evidence that behavioral heterogeneity in search is linked to heterogeneity in individual preferences. Observed search behavior is more consistent with a new model that assumes dynamic updating of utility reference points than with models that are based on expected-utility maximization. Specifically, reference...

In this paper, we argue that important labor market phenomena can be better understood if one takes (a) the inherent incompleteness and relational nature of most employment contracts and (b) the existence of reference-dependent fairness concerns among a substantial share of the population into account. Theory shows and experiments confirm that, even if fairness concerns were to exert...

This paper describes subjective wage inequality and the demand for redistribution in Austrianusing individuals' estimates of occupational wages from the International Social SurveynProgram. Although these estimates differ widely across individuals, the data clearly show that most individuals would like to decrease wage inequality, relative to the level of inequality which they...