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, giving rise to a trade-off between redistribution and the inefficiency of the labor allocation. We compare two environments … lower nominal value in open economies, the actual extent of redistribution in equilibrium is larger in the open than in the …
Persistent link: https://www.econbiz.de/10010603854
the relationship between income redistribution (measured by the ratio of the income distribution resulting from market … processes and the income distribution after redistribution) and ethno-linguistic fractionalization. We find that the impact of … ethno-linguistic fractionalization on income redistribution is conditional on the level of economic freedom: countries that …
Persistent link: https://www.econbiz.de/10011124890
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
This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wage income going to the top decile of U.S. households since 1980. Under realistic assumptions, we find that all agents can benefit from the...
Persistent link: https://www.econbiz.de/10010877730
of utility, and lower preferred levels of income redistribution. In societies with a low level of actual social mobility … social mobility increases. Using data on happiness and a broad set of fairness measures from the World Values Survey, we find …
Persistent link: https://www.econbiz.de/10008671705
There is clear evidence that fairness plays a role in redistribution. Individuals want to compensate others for their …
Persistent link: https://www.econbiz.de/10009221559
in line with our theory. …
Persistent link: https://www.econbiz.de/10009324089
Whether observed differences in redistributive policies across countries are the result of differences in social preferences or efficiency constraints is an important question that paves the debate about the optimality of welfare regimes. To shed new light on this question, we estimate labor...
Persistent link: https://www.econbiz.de/10009228621
This paper develops a dynamic framework to analyze the political sustainability of economic reforms in developing countries. First, we demonstrate that economic reforms that are proceeding successfully may run into a political impasse, with the reform’s initial success having a negative impact...
Persistent link: https://www.econbiz.de/10010743449
Regional productivity differences provide scope for productivity-enhancing labor mobility. Redistribution reduces …, productivity-enhancing migration margin, we determine how regional inequality and labor mobility affect optimal redistribution …
Persistent link: https://www.econbiz.de/10011120471