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The theoretical literature suggests that taxation can have a large impact on household portfolio selection and allocation. In this paper we analyze the tax treatment of life insurance, considering t...
Before 1992 mortgage interests in Italy were fully tax deductible up to 3500 Euro (7000 for two cosigners). In 1992–1994 the government implemented a series of tax reforms whose ultimate effect was ...
Aggregation and Linearity in the Provision of Intertemporal Incentives.
TAX INCENTIVES FOR HIGHER EDUCATION.
We investigate whether individualsí health care utilization responds to the dynamic incentives created by the non-linear budget sets of typical health insurance contracts. Our primary empirical stra...
Setting targets and providing monetary incentives are two widely used motivating tools to achieve desirable organizational outcomes. We focus on reduction of carbon emissions as a setting in which to ...
We present the results of a 10-day field experiment in which over 500 elite software developers prepared solutions to the same computational algorithmic problem. Participants were divided into two gro...
This paper presents econometric evidence of two independent effects of adding more competitors on innovation: 1) a competition effect whereby increasing rivalry shapes, and often decreases, incentives...
This paper considers dynamic moral hazard settings, in which the agent's actions have consequences over a long horizon. To maintain incentives, the optimal contract defers the agent's compensation and...
We investigate the effects of managerial outsourcing on the performance and incentives of mutual funds. Fund families outsource the management of a large fraction of their funds to advisory firms. The...
Accommodating couples has been a long-standing issue in the design of centralized labor market clearinghouses for doctors and psychologists, because couples view pairs of jobs as complements. A stable...
We investigate the effects of managerial outsourcing on the performance and incentives of mutual funds. Fund families outsource the management of a large fraction of their funds to advisory firms. The...
We investigate the effects of managerial outsourcing on the performance and incentives of mutual funds. Fund families outsource the management of a large fraction of their funds to advisory firms. The...
We review why executive compensation contracts are often structured the way they are, analyze risk incentives stemming from various pay schemes, and examine the tendency of the banking and finance ind...
This is a theoretical paper which draws on the existing land planning and state failure literatures to underpin its key assumptions and to provide an appropriate context. Its main purpose is to consid...

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