Showing 1 - 10 of 14
Wealthy individuals often voluntarily provide public goods that the poor also consume. Such philanthropy is perceived as legitimizing one’s wealth. Governments routinely exempt the rich from taxation on grounds of their charitable expenditure. We examine the normative logic of this exemption....
Persistent link: https://www.econbiz.de/10005504401
Efficient measures are often not implemented because of their potentially damaging effects on distribution, yet these … when we can separate the effect on efficiency from the effect on distribution, that is when Gorman aggregation applies, the … well-known result that aggregate effects can be computed independently of the distribution can be accompanied by a similar …
Persistent link: https://www.econbiz.de/10005504425
size distributions of cities and countries are similar. But theories that explain the size-distribution of cities do not … obviously apply in explaining the size-distribution of countries. The similarity of city- and country-size distributions is an …
Persistent link: https://www.econbiz.de/10005497861
This article offers an overview of the empirical and theoretical research on the long run evolution of wealth and inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up untilWorldWar 1, then sharply dropped during the 20th century...
Persistent link: https://www.econbiz.de/10011083954
This paper explores Southeast Asia's trade performance over the four and a half centuries from 1500 to 1940. It identifies the determinants of the commodity export performance – falling trade costs, income growth of its trading partners, and improved supply conditions at home. It also explores...
Persistent link: https://www.econbiz.de/10011084313
distribution. Community is conceptualized in terms of a public good to which all those in the community have equal access, but from … is that the nominal distribution of income could give a misleading picture of tensions in society, both within and across …
Persistent link: https://www.econbiz.de/10005666575
This Paper studies the role played by distribution costs in shaping the behaviour of the real exchange rate during … exchange-rate-based stabilizations. We document that distribution costs are very large for the average consumer good: the … represent more than 40% of the retail price in the US and 60% of the retail price in Argentina. Distribution services require …
Persistent link: https://www.econbiz.de/10005791855
The paper examines the welfare gains from North-South trade and their distribution. We construct an endogenous growth …
Persistent link: https://www.econbiz.de/10005792247
A democratic society in which the distribution of wealth is unequal elects political parties which tend to represent …
Persistent link: https://www.econbiz.de/10005792370
A recent endogenous growth literature has focused on the transition from a Malthusian world where real wages were linked to factor endowments, to one where modern growth has broken that link. In this Paper we present evidence on another, related phenomenon: the dramatic reversal in...
Persistent link: https://www.econbiz.de/10005123980