We extend an analytical general equilibrium model of environmental policy with pre-existing labor tax distortions to include pre-existing monopoly power as well. We show that the existence of monopoly power has two offsetting effects on welfare. First, the environmental policy reduces monopoly profits, and the negative effect on income increases labor supply in a way that partially offsets the ...

This paper studies how households respond to severe health sho ks and the insuran e role of spousal labor supply. In the empiri al part of the paper, we provide new eviden e on individuals' labor supply responses to spousal health and mortality sho ks. Analyzing administrative data on over 500,000 Danish households in whi h a spouse dies, we nd that survivors immediately in rease their labor su...

Comparing Inequality Aversion across Countries When Labor Supply Responses Differ We analyze to which extent social inequality aversion differs across nations when controlling for actual country differences in labor supply responses. Towards this aim, we estimate labor supply elasticities at both extensive and intensive margins for 17 EU countries and the US. Using the same data, inequality ave...

We extend the collective model of household behavior to allow for the existence of public consumption. We show how this model allows to analyze welfare consequences of policies aimed at changing the distribution of power within the household. In particular, we claim that our setting provides an adequate conceptual framework for addressing issues linked to the ’targetting’ of specific benefits o...

Globalisation is a process in which interlink between countries in the world has become more intense and the flow of inputs between one country to another is much easier. In the context of the labour market, the inflow of labor input from foreign countries is more relevant, because it has implications on the local labour, especially the females in terms of job opportunities. This paper attempts...

This paper examines the gender diversity in corporate boardrooms in Asia and the Pacific and how the diversity affects corporate performance. We find that boardroom gender diversity is low in Asia with 7.5% female representation on average in 2012, but showing a 1.8% improvement in 2013. The appointment of female directors and a gender-diverse boardroom are on average positively associated with...

The wage elasticities of labor supply at the participation and hours worked margins are focal parameters of interest for understanding the work disincentive effects of taxes and transfers and the attendant design of optimal tax and transfer schemes. In this paper I use sweeping changes in U.S. tax policy, welfare policy, and the demand for skill over the 1980s and 1990s to identify the wage ela...

In Germany, individuals in need of long-term care receive support through benefits of the long-term care insurance. A central goal of the insurance is to support informal care provided by family members. Care recipients can choose between benefits in kind (formal home care services) and benefits in cash. From a budgetary perspective, family care is often considered a cost-saving alternative to ...

Strong differences of opinion about the labor supply elasticity prevail. One camp infers that the aggregate labor supply elasticity is large because big fluctuations in aggregate hours of work occur in response to small fluctuations in workers’ productivity over the business cycle (Prescott 2005). Another camp points to estimates of low labor supply elasticities from microeconometric studies of...