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Income Distribution and Housing Prices: An Assignment Model Approach

Määttänen, Niku; Terviö, Marko - C.E.P.R. Discussion Papers - 2010

We present a framework for studying the relation between the distribution of income and the distribution of housing prices that is based on an assignment model of households with heterogeneous incomes and houses of heterogeneous quality. The equilibrium distribution of prices depends on both...

Persistent link: https://www.econbiz.de/10008466339

Flat Tax Reforms in the US: A Boon for the Income Poor

Díaz-Giménez, Javier; Pijoan-Mas, Josep - C.E.P.R. Discussion Papers - 2006

In this article we quantify the aggregate, distributional and welfare consequences of two revenue neutral flat-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We find that the less progressive reform brings about a 2.4%...

Persistent link: https://www.econbiz.de/10005662104

Economic Aspects of Human Cloning and Reprogenetics

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2002

This Paper analyses the economic issues associated with human cloning and new reproductive technologies. We analyse the incentives for human cloning and its implications for the long run distribution of skills and income. We analyse models of human cloning for different motives, focusing on...

Persistent link: https://www.econbiz.de/10005666464

Mass Consumption, Exclusion and Unemployment

Foellmi, Reto; Zweimüller, Josef - C.E.P.R. Discussion Papers - 2006

We introduce non-homothetic preferences into a general equilibrium model of monopolistic competition and explore the impact of income inequality on the medium-run macroeconomic equilibrium. We find that (i) a sufficiently high extent of inequality divides the economy into mass consumption...

Persistent link: https://www.econbiz.de/10005791388

Top Indian Incomes, 1922-2000

Banerjee, Abhijit; Piketty, Thomas - C.E.P.R. Discussion Papers - 2004

This Paper presents data on the evolution of top incomes and wages from 1922 to 2000 in India using individual tax returns data. Our data shows that the shares of the top 0.01%, the top 0.1% and the top 1% in total income shrank substantially from the 1950s until the early-to-mid 1980s but then...

Persistent link: https://www.econbiz.de/10005791464

Income Inequality and Progressive Income Taxation in China and India, 1986-2015

Piketty, Thomas; Qian, Nancy - C.E.P.R. Discussion Papers - 2006

This paper evaluates the prospects for income tax reform in China during the coming decade (with a comparison to India), and argues that such reforms should rank high on the policy agenda in these two countries. Due to high average income growth and sharply rising top income shares during the...

Persistent link: https://www.econbiz.de/10005791477

Migration, the Quality of the Labour Force and Economic Inequality

Kahanec, Martin; Zimmermann, Klaus F - C.E.P.R. Discussion Papers - 2008

Mobility of workers involves flows of labour, human capital and other production factors and thus contributes to a more efficient allocation of resources. Besides these effects on allocative efficiency, migrant flows affect relative wages and also change the international and national...

Persistent link: https://www.econbiz.de/10005791628

A Pure Theory of Job Security and Labour Income Risk

Bertola, Giuseppe - C.E.P.R. Discussion Papers - 2002

Models of labour market equilibrium where forward-looking decisions maximize both profits and labour income on a risk …-neutral basis, offer valuable insights into the effects of employment protection legislation. Since risk-neutral behaviour in the … to risk-neutral employers can increase productive efficiency if their administrative deadweight costs are not too large …

Persistent link: https://www.econbiz.de/10005791651

Are Intellectual Property Rights Unfair?

Saint-Paul, Gilles - C.E.P.R. Discussion Papers - 2003

If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and depends positively on intellectual property, a social planner which cares about income distribution may in principle want to use a reduction in Intellectual Property Rights...

Persistent link: https://www.econbiz.de/10005791837

Wealth Concentration in a Developing Economy: Paris and France, 1807-1994

Piketty, Thomas; Postel-Vinay, Gilles; Rosenthal, Jean … - C.E.P.R. Discussion Papers - 2004

We use large samples of estate tax returns to construct new series on wealth concentration in Paris and France from 1807 to 1994. Wealth concentration in Paris and in France increased until World War I and then fell abruptly. The rise in inequality prior to WWI accelerated (rather than...

Persistent link: https://www.econbiz.de/10005792125