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This paper studies the effects of progressive income taxes and education finance in a dynamic heterogeneous agent economy. Such redistributive policies entail distortions to labour supply and savings, but also serve as partial substitutes for missing credit and insurance markets. The resulting...
Persistent link: https://www.econbiz.de/10005124288
This paper contributes to the debate over the relationship between inequality and growth by proposing that the … disparities in empirical studies derive from the fact that they have not accounted for the level of inequality as a factor that … inequality exert a positive correlation with economic growth while high levels have a negative one. Additionally, and more …
Persistent link: https://www.econbiz.de/10011259019
This paper contributes to the debate over the relationship between inequality and growth by proposing that the … disparities in empirical studies derive from the fact that they have not accounted for the level of inequality as a factor that … inequality exert a positive correlation with economic growth while high levels have a negative one. Additionally, and more …
Persistent link: https://www.econbiz.de/10008839189
This article examines two redistributive programs: Negative Income Tax and Universal Basic Income. Its aim is to show that, even if the two programs – through the implementation of an appropriate tax-benefit system – can get the same distributive outcome, they are deeply different both from...
Persistent link: https://www.econbiz.de/10005626829
’ rent-seeking abilities, as well as with the gap between rich and poor. It is not income inequality per se that matters …, however, but inequality in the relative distribution of earning and political power. For each of the three channels of …-country differences in inequality permanent, or gradually narrowing? Equivalently, is there convergence not just in the first moment of …
Persistent link: https://www.econbiz.de/10005123982
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …
Persistent link: https://www.econbiz.de/10008683292
We argue that perceived fairness of the income generation process affects the association between income inequality and … income redistribution. Income inequality is predicted to have a more favorable impact on subjective wellbeing for individuals … differences in individual tolerance for income inequality, and the predicted influence of actual fairness. …
Persistent link: https://www.econbiz.de/10011112607
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10008557077
In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10008557081
curve in many Western economies during this period, with the fall in inequality following redistribution due to …
Persistent link: https://www.econbiz.de/10005791338