We use a firm-CEO assignment framework to model the market for CEO effective labor. In the model’s equilibrium more talented CEOs match with and supply more effort to larger firms. Taxation of CEO incomes affects the equilibrium pricing of CEO effective labor and, hence, spills over and affects firm profits. Absent the ability to tax profits or a direct concern for firm owners, a standard presc...

PURPOSE To find out the average economic burden of medical care on a patient with diabetes in Pune, India. METHODS A semi-open ended questionnaire followed by interview was conducted with patients attending diabetes and ophthalmic out-patient departments. They were asked regarding the duration of diabetes, methods undertaken for blood sugar control and the amount they spend on consultations, ...

“Optimal Nonlinear Taxation of Income and Savings in a Two Class Economy”

This paper analyzes the effects of government debt and income taxes on consumption and saving in a world of infinitely lived households having uncertain and heterogeneous incomes. The special structure of the model allows exact aggregation across households despite incomplete markets. The effects of government debt are shown to be substantial, roughly comparable to those resulting from finite h...

Compared to racial segregation, economic segregation has received little attention in recent empirical literature. Yet a heated debate has arisen concerning Wilson's hypothesis (1987) that increasing economic segregation plays a role in the formation of urban ghettos. This paper presents a methodological critique of the measure of economic segregation used by Massey and Eggers (1990) and finds ...

Recent studies have reported an inverse relation between income and health. 2 However, it is unclear whether this is mainly attributable to poverty and material hardship. The interpretation of this relation is made difficult by lack of knowledge on what determines income and what are the health benefits of high income. Furthermore, little is known about the changes of the relation between incom...

We investigate how vertical unity within a community interacts with horizontal class divisions of an unequal income distribution. Community is conceptualized in terms of a public good to which all those in the community have equal access, but from which outsiders are excluded. We formulate the idea of redistributive tension, or class antagonism, in terms of the costs that poorer individuals wou...

Obesity poses lots of health risks in both developing and developed countries. One thing that remains unclear is the relationship between family income and weight gain. This paper explores the relationship between family income and Body Mass Index (BMI) given variations in individual choice towards basic consumption and life quality improvement consumption as income increases. We use a national...

OBJECTIVE To explore the relationship between low and very low birth weights, mother's age, individual socioeconomic status and area deprivation. DESIGN Analysis of the incidence of low and very low birth weights by area deprivation, maternal age, social class of household and estimated income. SETTING England 1996-2000. SUBJECTS 2 894 440 singleton live births and the 10% sample of these...