A key question for Social Security reform is whether workers respond to the link on the margin between the Social Security taxes they pay…
The article examines the sanctions model of
principal-agent relations versus the selection model in which the
principal and the agent…
Consistent with mental accounting, we document that investors
sometimes choose the asset allocation for one account without…
Linking Tradable Permit Systems: A Key Element of Emerging International Climate Policy Architecture
This Article analyzes the role that
linkage between emission trading systems could play in a future
international climate policy…
Scholars, including urban poverty researchers, have not seriously debated the important issues that Loïc Wacquant raised in his…
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Despite recent growing demand from funders and governments, rigorous impact evaluations in Latin America and the Caribbean remain the…
Empirical research on cities starts with a spatial equilibrium condition: workers and firms are assumed to be indifferent across space.…
We show that individual investors over-extrapolate from their personal experience when making savings decisions. Investors who experience…