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Thierry Magnac, and Sébastien Roux
vol. 134, n. 103715, May 2021
Using data on French male wage workers observed over 30 years, we estimate by random and fixed effect methods a wage equation with pervasive heterogeneity. Individual wage profiles are derived from a human capital investment model and described by a level, a slope and a curvature. Among others, our...
Helmuth Cremer, Justina Klimaviciute, and Pierre Pestieau
vol. 202, n. 109810, May 2021
This paper studies the political sustainability of programs that are targeted towards the poor. Given that the poor to whom these programs cater do not constitute a majority, we show that for their own good it pays to let the middle class benefit from them in a random way. This approach mimics the...
Marianne Fay, David Martimort, and Stéphane Straub
vol. 150, n. 102629, May 2021
Attracting private nancing is high on the agenda of policy makers concerned with closing the infrastructure gap in developing countries. To date, however, private nance represents a minor share of overall infrastructure financing and the poorest countries struggle to attract any private investors....
David Martimort
vol. 177, n. 2, April 2021, pp. 95–108
James K. Hammitt
vol. 12, n. 1, April 2021, pp. 64 – 84
Benefit–cost analysis (BCA) is often viewed as measuring the efficiency of a policy independent of the distribution of its consequences. The role of distributional effects on policy choice is disputed; either: (a) the policy that maximizes net benefits should be selected and distributional concerns...
Jean-François Daoust, Eric Bélanger, Ruth Dassonneville, Erick Lachapelle, Richard Nadeau, Michael Becher, Sylvain Brouard, Martial Foucault, Christoph Hönninge, and Daniel Stegmueller
vol. 16, n. 4, April 2021
Studies of citizens’ compliance with COVID-19 preventive measures routinely rely on survey data. While such data are essential, public health restrictions provide clear signals of what is socially desirable in this context, creating a potential source of response bias in self-reported measures of...
Emmanuelle Auriol
David V. Mc Queen (ed.), April 2021, Oxford University Press
Regulating quality is challenging because in public utilities such as water and sanitation, quality is multidimensional, is not always objectively measurable, and can be hard to verify, both ex ante and ex post. It is therefore useful to review the main insights from the New Economics of Regulation...
Mauricio González-Forero, and Jorge Peña
vol. 288, n. 1949, April 2021
Eusociality, where largely unreproductive offspring help their mothers reproduce, is a major form of social organization. An increasingly documented feature of eusociality is that mothers induce their offspring to help by means of hormones, pheromones or behavioural displays, with evidence often...
Eyal Castiel, Sem Borst, Laurent Miclo, Florian Simatos, and Phil Whiting
vol. 31, n. 2, April 2021, pp. 941–971
We examine a queue-based random-access algorithm where ac-tivation and deactivation rates are adapted as functions of queue lengths.We establish its heavy traffic behavior on a complete interference graph,which turns out to be nonstandard in two respects: (1) the scaling dependson some parameter of...
Romain Espinosa, and Nicolas Treich
vol. 56, April 2021, p. 531–548
While antispeciesism is an ethical notion, veganism is behavioral. In this paper, we examine the links between the two. Building on Blackorby and Donaldson (1992), we consider a two-species model in which humans consume animals. The level of antispeciesism is conceived as the weight on animals'...
