Everyone may benefit from subsidising entry to risky occupations

Article Abstract:

The granting of either indirect or direct subsidy to people entering risky occupations proved to be beneficial even under a condition where private insurance exists. Granting of subsidy not only serves as a morale booster to people entering risky occupations, but also lowers expenditures associated with monitoring of private risk-sharing contracts. It also lessens the income variance of people engaged in risky business.

Research, Analysis, Employment subsidies, Employment stabilization

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Does credit rationing imply insufficient lending?

Article Abstract:

Credit rationing does not mean that lending is above full-information levels as is shown by a model with implications for lending policy which includes an assessment of the risk of overinvestment.

Credit, Loans

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Competing for capital in a 'lumpy' world

Article Abstract:

A model from economic geography is used to assess the impact of tax competition to attract capital investment.

Taxation

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