This is a paper on a two sector model on growth and income distribution, which argues whether it ... more This is a paper on a two sector model on growth and income distribution, which argues whether it is trade or technical progress driving the development after the crisis.
Books reviewed: Jagdish Bhagwati, Free Trade Today Michael Carlberg, An Economic Analysis of Mone... more Books reviewed: Jagdish Bhagwati, Free Trade Today Michael Carlberg, An Economic Analysis of Monetary Union Carl, Chiarella, Peter Flaschel, Gangolf Groh und Willi Semmler, Disequilibrium, Growth and Labor Market Dynamics Badly Condon, NAFTA, WTO and Global Business Strategy Paul De Grauwe (ed.), The Political Economy of Monetary Union William Easterly, The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics Anna Grandori, Organization and Economic Behavior Mary Gregory, Wiemer Salverda and Stephen Bazen (eds.), Labour Market Inequalities Karsten Junius, Ulrich Kater, Carsten-Patrick Meier und Henrik Müller, Handbuch Europaische Zentralbank Janos Kornai and Karen Eggleston, Welfare, Choice, and Solidarity in Transition: Reforming the Health Sector in Eastern Europe Peter Koslowski (ed.), The Theory of Capitalism in the German Economic Tradition Constantine Michalopoulos, Developing Countries in the WTO Torsten Persson and Guido Tabellini, Political ...
Das Werk einschließlich aller seiner Teile ist urheberrechtlieh geschützt. Jede Verwertung außerh... more Das Werk einschließlich aller seiner Teile ist urheberrechtlieh geschützt. Jede Verwertung außerhalb der engen Grenzen des Urheberrechtsgesetzes ist ohne Zustimmung des Verlages unzulässig und strafbar. Das gilt insbesondere für Vervielfältigungen, Übersetzungen, Mikroverfilmungen und die Einspeicherung und Verarbeitung in elektronischen Systemen. http://www.gabler-online.de Die Wiedergabe von Gebrauchsnamen, Handelsnamen, Warenbezeichnungen usw. in diesem Werk berechtigt auch ohne besondere Kennzeichnung nicht zu der Annahme, daß solche Namen im Sinne der Warenzeichen-und Markenschutz-Gesetzgebung als frei zu betrachten wären und daher von jedermann benutzt werden dürften. Höchste inhaltliche und technische Qualität unserer Produkte ist unser Ziel. Bei der Produktion und Verbreitung unserer Bücher wollen wir die Umwelt schonen: Dieses Buch ist auf säurefreiem und chlorfrei gebleichtem Papier gedruckt. Die Einschweißfolie besteht aus Polyäthylen und damit aus organischen Grundstoffen, die weder bei der Herstellung noch bei der Verbrennung Schadstoffe freisetzen.
Over the past several years the study of the economics of pensions and retirement income has grow... more Over the past several years the study of the economics of pensions and retirement income has grown in importance, particularly outside the disciplines of insurance economics, law, and mathematics. The interest is increasing mainly because of the discussion about the "population bomb," which is now for most of the industrialized countries a "reversed one," an "implosion!" As international attention on retirement financing increases, it is appropriate that Clark, Munnell, and Orszag have edited this Handbook. The Handbook is divided into five major parts, with each part being organized around a series of sections and themes. All in all, it consists of 42 chapters with an impressive list of contributors. Besides the Introduction, a first part (entitled "Retirement in Context") and a final part (entitled "Looking Ahead"), the book is divided into sections in a manner consistent with the well-known three pillars (or layers) of the pension literature: Public Retirement, Employer-Sponsored Retirement, and Individual and Household Retirement Plans.
The European Internal Insurance Market, finally accomplished in 1994, has increased substantially... more The European Internal Insurance Market, finally accomplished in 1994, has increased substantially the market for insurance products and will foster competition on and between insurance markets. The paper starts by outlining the effects of the changing environment on static efficiency. The effects on dynamic efficiency, i.e. changing the quality of old products, introduction of new products, new production and distribution methods, are less clear-cut. Therefore, the second part of the paper deals with carrying-out the prognosis. As a background, the instruments of "insurance technology" are used, especially product design. Starting with Ansoffs four strategies (old/new products or old/new markets) the strategy of diversification is decomposed into five phases to evaluate where the firm has its core capabilities. In the third part, two special strategies are looked at closely. On the one hand, to characterise the insurance product Wolfgang Mtlller has developed a model which consists of five characteristics. An analysis taking into consideration thirteen different insurance products, shows that these five characteristics are necessary (and sufficient) for describing these products. Furthermore, it is shown that, given four indices, most of these products could be easily modified and simplified substantially. Supposing that reduction of complexity is a positively valued good, this simplification is a quality improvement. On the other hand, the correlation of risks should be taken more seriously as a way to cope with the idiosyncratic but positively correlated risks of individuals. It is discussed that, even when the individual risks are correlated this must not be true for the aggregate risk. But even, if the aggregate risks throughout other countries. Therefore, insurers can offer such contracts to the benefits of both parties.
Steven Shavell has contributed to the foundations of economic analysis of law in different manner... more Steven Shavell has contributed to the foundations of economic analysis of law in different manners. According to Posner (2006), he is a member of the third generation of economic analysts of law-Coase, Becker, and Calabresi being the first group, with Posner himself, Landes, and Ehrlich forming the second. Shavell has published several books and more than 100 articles on economics and on the economics of law. He has contributed to the principal-agent theory (Shavell, 1979b) and, more particularly, to the moral hazard literature (Shavell, 1979a). This book proposes an overview of the fields in the economics of law to which the author has contributed. It also covers in detail other fields and many contributions to the literature. The emphasis is on theory, but some empirical facts are mentioned.
Long-Term Care — An Inter- and Intragenerational Decision Model
Springer eBooks, 1996
Two observations make it worthwhile to understand how family decisions are made concerning care f... more Two observations make it worthwhile to understand how family decisions are made concerning care for an elderly parent. First, we see, over the last generation, a trend from having children care for an elderly parent to having the elderly parent live alone or live in an institution such as a nursing home. Second, more and more governments are concerned by the rising costs of public assistance programs especially designed to pay for the elderly and disabled elderly. This is partly due to the rising costs in institutionalized care; therefore, more and more elderly — including the wealthy — cannot afford to pay or have spent down their wealth, and become dependent on welfare. In Germany, two thirds of all disabled persons (receiving long-term care) living in nursing homes receive services (or payments) after an income test.1
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Books by Roland Eisen
Papers by Roland Eisen