donderdag 3 juni 2010
The Benefits of Financial Transactions Taxes
Read the complete letter from CEPR to the Bundestag here.
Greek Deal Lets Banks Profit from "Immoral Hazard"
Read Arvind Subramanian's op-ed in the Financial Times here.
Innovative working practices
With pressure on public finances, organisations are looking to find innovative working practices to save money. Capital Ambition asked IES to explore how some London Boroughs (sometimes with local NHS organisations) are sharing professionals or teams across organisational boundaries. This might happen through the sharing of an individual (eg joint head of HR), sharing of a team (joint HR function) or through procurement of services from another authority. Read the complete article of the Institute for Employment Studies here.
De burger moet zelf meer gaan betalen: Waar kan worden gesneden en waarom?
Burgers moeten meer zelf betalen en meer risico dragen bij vrijwel alle bezuinigingsvarianten die twintig ambtelijke werkgroepen gisteren hebben voorgesteld. Een overzicht van de belangrijkste bezuinigingsvoorstellen in het NRC Handelsblad hier.
The Cult of Theoi: Economic Uncertainty and Religion
Sacrifices to deities occur in nearly all known religions. In this paper, we report on our
attempts to elicit this type of religious behaviour towards “Theoi” in the laboratory. The theory
we test is that, when faced with uncertainty, individuals attempt to engage in a reciprocal
contract with the source of uncertainty by sacrificing towards it. In our experiments, we create
the situation whereby individuals face an uncertain economic payback due to “Theoi” and we
allow participants to sacrifice towards this entity. Aggregate sacrifices amongst participants
are over 30% of all takings, increase with the level of humanistic labelling of Theoi and
decrease when participants share information or when the level of uncertainty is lower. The
findings imply that under circumstances of high uncertainty people are willing to sacrifice
large portions of their income even when this has no discernable effect on outcomes. Read the complete IZA paper here.
attempts to elicit this type of religious behaviour towards “Theoi” in the laboratory. The theory
we test is that, when faced with uncertainty, individuals attempt to engage in a reciprocal
contract with the source of uncertainty by sacrificing towards it. In our experiments, we create
the situation whereby individuals face an uncertain economic payback due to “Theoi” and we
allow participants to sacrifice towards this entity. Aggregate sacrifices amongst participants
are over 30% of all takings, increase with the level of humanistic labelling of Theoi and
decrease when participants share information or when the level of uncertainty is lower. The
findings imply that under circumstances of high uncertainty people are willing to sacrifice
large portions of their income even when this has no discernable effect on outcomes. Read the complete IZA paper here.
Six Reasons Why the Capital Gains Tax Should Be Abolished
View the Centre for Freedom and Prosperity video here.
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