We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted … economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our … results suggest that there is no robust relationship between economic freedom and income inequality. In addition, we analyze …

development. The theory of Kuznets (1955) and Williamson (1965) suggests that (spatial) inequality first increases in the process …

We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we … estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous … univariate approaches, we consider income and life expectancy jointly and estimate their bivariate global distribution for 137 …

The question of whether there is a connection between income and psychological well-being is a long-studied issue … higher levels of income later in life. We focus on earnings approximately one decade after the person’s well-being is … happiness. We consider how psychological well-being may influence income. Sobel-Goodman mediation tests reveal direct and …

. In US election survey data, we find that income is more important in affecting voting behavior for more informed voters … strong correlation between income and political information, Congress representatives vote more conservatively, which is also … in line with our theory. …

The paper uses a veil of ignorance approach and income distribution data of developed countries to arrive at inequality … corrected income rankings. While a risk neutral individual (based on year 2000 data) would have preferred to be born into the US … make several European countries look preferable. The paper also sheds light on the risk corrected average income on a …

Income inequality in Germany has been continuously increasing during the past 20 years. In general, this is understood … affect per capita incomes, which has repercussions for the income distribution even if wages remain constant. The aim of this …

rates across the income distribution accounting for different tax bases as well as the role of transfers. The uniquely long … to proportional, bearing a redistributive effect of only a few percent. Intragenerational income mobility seems to be … events. Labor income taxes contribute less to progressivity in recent years, whereas transfers to unemployed and old …

perceived and the actual fairness of the income generation process affects this association. Building on a simple model of … of utility, and lower preferred levels of income redistribution. In societies with a low level of actual social mobility …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …

This paper analyses optimal income taxes over the business cycle under a balanced-budget restriction, for low, middle … and high income households. A model incorporating capital-skill complementarity in production and differential access to … observations on wage (skill premium) and wealth inequality. We find that the tax rate for high income agents is optimally the least …