|
on Regulation |
|
Issue of 2007‒01‒06
five papers chosen by Christian Calmes Universite du Quebec en Outaouais, Canada |
| By: | Rodrigo Moita; Claudio Paiva |
| Abstract: | This paper develops a model of political regulation in which politicians set the regulated price in order to maximize electoral support by signaling to voters a pro-consumer behavior. Political incentives and welfare constraints interact in the model, yielding an equilibrium in which the real price in a regulated industry may fall in periods immediately preceding an election. The paper also provides empirical support for the theoretical model. Using quarterly data from 32 industrial and developing countries over 1978-2004, we find strong statistical and econometric evidence pointing toward the existence of electoral price cycles in gasoline markets. |
| Keywords: | Political cycle , regulated prices , gasoline prices , Political economy , Price controls , Gasoline prices , |
| Date: | 2006–11–27 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:06/260&r=reg |
| By: | Peter A. Riach (IZA Bonn (Research Fellow)); Judith Rich (University of Portsmouth and IZA Bonn) |
| Abstract: | In a field experiment of age discrimination, pairs of men aged twenty-seven and forty-seven, inquired, by email, about employment as waiters in twenty four French towns. The rate of net discrimination found against the older French waiter, corresponds to the highest rates ever recorded anywhere, by written tests, for racial discrimination. Discrimination was higher in Paris than in the rest of France. |
| Keywords: | age, discrimination, employment, field experiment, hiring |
| JEL: | J71 C93 |
| Date: | 2006–12 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp2522&r=reg |
| By: | Maarten Lindeboom (Free University Amsterdam, Tinbergen Institute, HEB, Netspar and IZA Bonn); Ana Llena-Nozal (Free University Amsterdam and Tinbergen Institute); Bas van der Klaauw (Free University Amsterdam, Tinbergen Institute, CEPR and IZA Bonn) |
| Abstract: | This paper investigates the impact of parental education on child health outcomes. To identify the causal effect we explore exogenous variation in parental education induced by a schooling reform in 1947, which raised the minimum school leaving age in the UK. Findings based on data from the National Child Development Study suggest that postponing the school leaving age by one year had little effect on the health of their offspring. Schooling did however improve economic opportunities by reducing financial difficulties among households. We conclude from this that the effects of parental income on child health are at most modest. |
| Keywords: | returns to education, intergenerational mobility, health, regression-discontinuity |
| JEL: | I12 I28 |
| Date: | 2006–12 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp2516&r=reg |
| By: | Don J. DeVoretz (RIIM, Simon Fraser University and IZA) |
| Abstract: | Scrutiny at the Canadian border to heighten security and simultaneously reduce type one (false positives) and type two (false negatives) errors utilize substantial resources as well as imposing opportunity costs on Canada in terms of time and trade diversion. One maligned strategy to minimize these costs at the border has been group or racial profiling. This essay develops a pedigree system for Canadian border security which simultaneously reduces both type I and II errors while avoiding the more egregious costs inherent in racial or group profiling. |
| Keywords: | immigrants, borders, security |
| JEL: | J61 J68 |
| Date: | 2006–12 |
| URL: | http://d.repec.org/n?u=RePEc:iza:izadps:dp2536&r=reg |
| By: | Benoît Mercereau |
| Abstract: | Holding foreign assets reduces the volatility of a country's income by allowing countries to share risk. Yet, financial integration is limited in Asia. This paper estimates how much Australia and other countries in the Asia-Pacific region would gain from greater financial integration. The results suggest that these welfare gains are large, which argues in favor of a progressive capital account liberalization across the region. |
| Keywords: | Risk-sharing , international diversification , regional integration , Risk management , Australia , Asia and Pacific , Capital account liberalization , Foreign investment , Financial systems , |
| Date: | 2006–12–04 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfwpa:06/267&r=reg |