Showing 1 - 10 of 134
Redistribution is an inevitable feature of collective pension schemes. Nevertheless, it is still an open question what … people’s preferences are regarding this form of redistribution. This paper reviews experimental evidence on preferences … regarding redistribution and asks what this evidence tells us about preferences for redistribution through pension schemes. We …
Persistent link: https://www.econbiz.de/10008498990
Building on a theoretical model we test the hypothesis that effort choices and preferences for redistribution are … preferences for redistribution and effort choices simultaneously. While respondents with stronger preferences for redistribution … tend to have smaller incentives to engage in effort, the reverse does not hold true. Using a lab experiment, we show that …
Persistent link: https://www.econbiz.de/10010547897
Recent evidence highlights the importance of social norms in many economic relations. However, many of these relationships are long-term and provide repeated game incentives for performance. We experimentally investigate interaction effects of reciprocity and repeated game incentives in two...
Persistent link: https://www.econbiz.de/10005765855
This paper discusses the literature on the enforcement of incomplete contracts. It compares legal enforcement to enforcement via relationships and reputations. A number of mechanisms, such as the repeat purchase mechanism (Klein and Leffler (1981)) and efficiency wages (Shapiro and Stiglitz...
Persistent link: https://www.econbiz.de/10005766147
In many OECD countries income inequality has risen, but surprisingly redistribution as well. The theory attributes this …
Persistent link: https://www.econbiz.de/10005405824
typically led to an expansion in redistribution, at least in the small sample of episodes studied. Similarly, and more …
Persistent link: https://www.econbiz.de/10005405913
The purpose of this paper is twofold. We first develop a contractarian theory of redistribution. The existence of rules … of redistribution is explained without any recourse to the risk-aversion of individuals. Hence, we depart from the … standard legitimization of redistribution as fundamental insurance and interpret it as stemming from a principle of reciprocity …
Persistent link: https://www.econbiz.de/10005406042
challenges the two basic functions of the welfare state, redistribution and social insurance when private unemployment insurance … improving by using a redistributive linear income tax if redistribution is initially not too large. We finally derive the … welfare optimal redistribution and unemployment insurance policies. …
Persistent link: https://www.econbiz.de/10005406211
The relationship between inequality and redistribution is usually studied under the assumption that the government …
Persistent link: https://www.econbiz.de/10005406280
We consider taxation by a Leviathan government and by a utilitarian government in the presence of heterogeneous locations within a country, when migration from one country to another is and is not possible. In a closed economy, a utilitarian government may transfer income from the poor to the...
Persistent link: https://www.econbiz.de/10005406374