Gauthier Lanot

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This paper establishes a theoretical framework to characterise the optimal behaviour of individuals who receive income periodically but make consumption decisions on a more frequent basis. The model incorporates price uncertainty and imperfect credit markets. The simulated numerical solution to this model shows that weekly consumption functions are ordered(More)
Britain is characterised by a low rate of post compulsory schooling compared to other European countries. To reduce this disparity, the British government has been testing an Education Maintenance Allowance (EMA) where 16 to 19-year olds are given financial support to attend schooling when the family income falls below a threshold. This paper attempts at(More)
There is a considerable variation in estimates of the degree of risk aversion in the literature. This paper analyses the behaviour of contestants in one of the most popular TV gameshows ever to estimate a CRRA model of behaviour. This gameshow has a number of features that makes it well suited for our analysis: the format is extremely straightforward, it(More)
In the simple framework of a static model for equilibrium wages and labour supplies, we show that the incidence of income tax on equilibrium wages can be measured independently from the individual labour supply elasticity. (1997), who estimates tax incidence on earnings. Our measurements are based on a large multi-level longitudinal data set of Danish(More)
We are grateful to DIAL–DSCN which made the data available to us. Abstract: In developing countries, labour supply and activity choices are distorted by the existence of labour market imperfections restricting entry to the activity sectors or rationing the worked hours. The presence of decreasing returns to labour in the informal sector is another specific(More)
The empirical retirement literature measures individual responses to variation in income flows due to public transfers, private individual or employer-provided pensions. The novelty of this paper is to provide a decomposition the incentive effects from these three sources. It is the first time that the effects of pay policies of different employers on(More)
This paper discusses the possibility of exploiting price variations that may occur during the survey period of any household expenditure survey in order to identify heterogeneous demand responses to discrete price changes. This is feasible since expenditure surveys usually contain a large number of observations. The principal difficulty for estimation(More)