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On Income Inequality and Green Preferences

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2003

We derive conditions of individual preferences and technology that give rise to a negative correlation between income inequality and environmental protection. We present a class of models (which captures a static model as well as an overlapping-generations model) in which individuals differ in...

Persistent link: https://www.econbiz.de/10005662063

Would Freeing Up World Trade Reduce Poverty and Inequality? The Vexed Role of Agricultural Distortions

Anderson, Kym; Cockburn, John; Martin, Will - C.E.P.R. Discussion Papers - 2010

reduce some forms of poverty and inequality but worsen others, so the net effects are unclear without empirical modeling … the remaining distortions to world merchandise trade on poverty and inequality globally and in various developing … for a sample of 15 countries, and ten stand-alone national case studies, all point to larger reductions in poverty …

Persistent link: https://www.econbiz.de/10008468695

Outsourcing, Unemployment and Welfare Policy

Keuschnigg, Christian; Ribi, Evelyn - C.E.P.R. Discussion Papers - 2007

Outsourcing of labour intensive activities challenges the welfare state and undermines the protection of low-skilled workers. The stylized facts are that profits are concentrated among the high-skilled, involuntary unemployment is mostly among the low-skilled, and private unemployment insurance...

Persistent link: https://www.econbiz.de/10005662250

Inequality, Environmental Protection and Growth

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2003

We analyse how, in representative democracies, income distribution influences the stringency of environmental policy and economic growth. Individuals (who differ in abilities) live for two periods, working when young and owning capital when old. Externalities are caused by a polluting factor....

Persistent link: https://www.econbiz.de/10005791379

Environmental Policy and Capital Movements: The Role of Government Commitment

Marsiliani, Laura; Renström, Thomas I - C.E.P.R. Discussion Papers - 2003

This Paper explores the relationship between environmental protection and international capital movements, when tax policy is endogenous (through voting). A two-period general equilibrium model of a small open economy is specified to compare the effects of two different constitutions (commitment...

Persistent link: https://www.econbiz.de/10005792126

Why Are Capital Income Taxes So High?

Flodén, Martin - C.E.P.R. Discussion Papers - 2007

The Ramsey optimal taxation theory implies that the tax rate on capital income should be zero in the long run. This result holds even if the social planner only cares about workers that do not hold assets, or if the planner only cares about any other group in the economy. This paper demonstrates...

Persistent link: https://www.econbiz.de/10005792415

Intergenerational Transfer of Human Capital and Optimal Education Policy

Cremer, Helmuth; Pestieau, Pierre - C.E.P.R. Discussion Papers - 2004

This Paper studies the design of education policies in a setting of successive generations with heterogeneous individuals (high and low earning ability). Parents’ investment in education is motivated by warm-glow altruism and determines the probability that a child has high ability. Education...

Persistent link: https://www.econbiz.de/10005498169

Baumol’s cost disease and the sustainability of the welfare state

Andersen, Torben M; Kreiner, Claus Thustrup - C.E.P.R. Discussion Papers - 2013

If productivity increases more slowly for services than for manufactured goods, then services suffer from Baumol’s cost disease and tend to become relatively more costly over time. Since the welfare state in all countries is an important supplier of tax financed services, this translates into...

Persistent link: https://www.econbiz.de/10011084168

High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk

Kindermann, Fabian; Krueger, Dirk - C.E.P.R. Discussion Papers - 2014

In this paper we argue that very high marginal labor income tax rates are an effective tool for social insurance even when households have preferences with high labor supply elasticity, make dynamic savings decisions, and policies have general equilibrium effects. To make this point we construct...

Persistent link: https://www.econbiz.de/10011084316

Where did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income

Dew-Becker, Ian; Gordon, Robert J - C.E.P.R. Discussion Papers - 2005

A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But our results raise doubts by creating a direct link between macro productivity growth and the micro evolution of the income distribution. We show that over the entire period...

Persistent link: https://www.econbiz.de/10005123760