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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP1952 |
DP1952 Why do People Stay? The Insider Advantages Approach: Empirical Evidence from Swedish Labour Markets | |
Thomas Straubhaar; Peter A Fischer; Einar Holm; Gunnar Malmberg | |
发表日期 | 1998-08-31 |
出版年 | 1998 |
语种 | 英语 |
摘要 | This paper examines the properties of exams and markets as alternative allocation devices under borrowing constraints. Exams dominate markets in terms of matching efficiency. Whether aggregate consumption is greater under exams than under markets depends on the power of the exam technology; for a sufficiently powerful test, exams dominate markets in terms of aggregate consumption as well. The positive effects of income taxation are analysed and the optimal allocation scheme when wealth is observable is derived. The latter consists of a fellowship scheme, in which markets set school prices but the government gives out fellowships, based on need and the ability to obtain a given exam score. |
主题 | International Macroeconomics |
关键词 | Borrowing constraints Education Exams Markets |
URL | https://cepr.org/publications/dp1952 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531085 |
推荐引用方式 GB/T 7714 | Thomas Straubhaar,Peter A Fischer,Einar Holm,et al. DP1952 Why do People Stay? The Insider Advantages Approach: Empirical Evidence from Swedish Labour Markets. 1998. |
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