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of utility, and lower preferred levels of income redistribution. In societies with a low level of actual social mobility … perceived and the actual fairness of the income generation process affects this association. Building on a simple model of …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …
Persistent link: https://www.econbiz.de/10008671705
improves the workers’ outside options. Only if the latter become sufficiently attractive will redistribution induce some … upper limit for the generosity of the welfare state below which redistribution becomes less instead of more distortive. …
Persistent link: https://www.econbiz.de/10008534009
Taxes and cash transfers reduce income inequality more in France than elsewhere in the OECD, because of the large size … so as to achieve the same amount of redistribution at lower cost. The French tax code should be simplified and changed …
Persistent link: https://www.econbiz.de/10010641417
The goal of this paper is to provide a preliminary overview of empirical Capability Approach (CA) applications for high-income …-being in affluent countries. It focuses on CA applications related to general well-being, inequalities, poverty and human …
Persistent link: https://www.econbiz.de/10008853849
We explore the relationships between subjective well-being and income, as seen across individuals within a given … higher in countries with greater GDP per capita. The magnitude of the satisfaction-income gradient is roughly the same … whether we compare individuals or countries, suggesting that absolute income plays an important role in influencing well …
Persistent link: https://www.econbiz.de/10008671708
Even when labour mobility is low, international integration affectslabour markets by making jobs more mobile. This runs via product market integration, which is an essential element of European integration. Increasing job mobility aects the possibilities single countries perceive in pursuing...
Persistent link: https://www.econbiz.de/10005406218
The quality of public management is a recurrent concern in many countries. Calls to attract the economy’s best and brightest managers to the public sector abound. This paper studies self-selection into managerial and non-managerial positions in the public and private sector,using a model of a...
Persistent link: https://www.econbiz.de/10005406416
We derive the optimal contract between a principal and a liquidity-constrained agent in a stochastically repeated environment. The contract comprises a court-enforceable explicit bonus rule and an implicit fixed salary promise that must be self-enforcing. Since the agent’s rent increases with...
Persistent link: https://www.econbiz.de/10004979420
We estimate a New Keynesian wage Phillips curve for a panel of 24 OECD countries, and allow the degree of wage indexation to past inflation to vary according to the monetary policy regime. We find that the extent of wage indexation is significantly lower in an inflation targeting regime, in...
Persistent link: https://www.econbiz.de/10011096353
If being around smart people makes us smarter and more productive, what can regions do to attract smart people? This paper considers endogenous cultural amenities as a location factor for high-skilled workers. To overcome selection in the provision of cultural amenities, we exploit the variation...
Persistent link: https://www.econbiz.de/10011155376