Showing 1 - 10 of 177
One often heard counter to the concern on rising income and wealth inequality is that it is wrong to focus on … inequality of outcomes in a “snapshot.” Intergenerational mobility and “equality of opportunity”, so the argument goes, is what … lower inequality not between individuals but between the dynasties to which they belong? And how does this pattern in turn …
Persistent link: https://www.econbiz.de/10011252615
inequality and environmental protection. We present a class of models (which captures a static model as well as an overlapping …
Persistent link: https://www.econbiz.de/10005662063
We investigate how vertical unity within a community interacts with horizontal class divisions of an unequal income distribution. Community is conceptualized in terms of a public good to which all those in the community have equal access, but from which outsiders are excluded. We formulate the...
Persistent link: https://www.econbiz.de/10005666575
This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the … possible rationale for recent inequality developments. …
Persistent link: https://www.econbiz.de/10005792213
This paper provides a comprehensive survey of seven aspects of rising inequality that are usually discussed separately …: changes in labor’s share of income; inequality at the bottom of the income distribution, including labor mobility; skill …-biased technical change; inequality among high incomes; consumption inequality; geographical inequality; and international differences …
Persistent link: https://www.econbiz.de/10005123580
Disposable income inequality, as measured by the Gini coefficient and using Family Budget Survey data, increased very … inequality due to changes in the wage earnings component is mitigated by changes in the tax and transfer components in both … in the tax component to lowering the growth of inequality in the Czech Republic, while the reverse was true for Slovakia. …
Persistent link: https://www.econbiz.de/10005123731
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
-2006. While there has been no increase in aggregate happiness, inequality in happiness has fallen substantially since the 1970s … happiness by education have widened substantially. We develop an integrated approach to measuring inequality and decomposing … changes in the distribution of happiness, finding a pervasive decline in within-group inequality during the 1970s and 1980s …
Persistent link: https://www.econbiz.de/10005136431
absolute inequality in welfare achievement, while leaving the change in relative inequality ambiguous. Additionally …
Persistent link: https://www.econbiz.de/10005504401
We propose a market-for-offenses model of property crime, which explicitly accounts for protection expenditures among heterogeneous individuals. The crime equilibrium is modeled as a free-access equilibrium in which the match between criminals and victims equates the average returns to crime. We...
Persistent link: https://www.econbiz.de/10005504660