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The paper examines the appropriate domain of the Welfare State by exploring the areas in which free enterprise fails to provide adequate welfare state services. The paper outlines a simple coherent strategy for formulating government welfare state policy by identifying the relevant market...
Persistent link: https://www.econbiz.de/10005788942
redistributions decreases with the degree of inequality, at least over some range. Moreover, capital market imperfections make future … high inequality and low redistribution, or vice versa. Temporary shocks to the distribution of income or the political …
Persistent link: https://www.econbiz.de/10005792191
because European nations were in effect trying to fight market tendencies towards increased inequality. In the United States …, with its much more limited welfare state, there has been a striking rise in inequality; a stylized model suggests that the …
Persistent link: https://www.econbiz.de/10005662317