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In this paper we investigate the relationship between inequality and the environment in a growing economy from a … and show that inequality is harmful for the environment : the poorer the median voter relative to the average individual …
Persistent link: https://www.econbiz.de/10010750774
distribution of risks inside society, the Liberal system wins if the inequality of income is low, and the Beveridgean system wins … if the inequality of income is high. Using a utilitarian criterion, the Beveridgean system always dominates and the …
Persistent link: https://www.econbiz.de/10010635025
social fragmentation is often associated with greater inequality, which, as Olson pointed out, may be beneficial to … fragmentation and ethnically based patronage. Given that both patronage and inequality are common in developing countries, it is …
Persistent link: https://www.econbiz.de/10010738478
A vast recent literature has stressed social fragmentation's negative impact on the provision of public goods. It has been established theoretically that social fragmentation engenders discord and thereby undermines public goods provision. Empirical research has produced mixed results about this...
Persistent link: https://www.econbiz.de/10010603677
level since 1870. Inequality in years of schooling is found to be rapidly decreasing, but we show that this result is … completely driven by the decline in illiteracy. Then, we turn to inequality in human capital and focus on a Mincerian production … capital inequality has increased since 1870, but does not exceed 10% of world income inequality. Next, we analyse the …
Persistent link: https://www.econbiz.de/10010930213
these investments, output levels and growth. In this context, inequality plays a key role both as a determinant of the …
Persistent link: https://www.econbiz.de/10008793414
A well-known common agreement in decision theory is that only exponential decision makers are time consistent i.e. with the mere passage of time, future choices must not contradict the initial choice. Building on this result, a large range of works has studied time inconsistency as a direct...
Persistent link: https://www.econbiz.de/10010933846
In a continuous time life cycle model of consumption with uncertain lifetime and no ''pure time preference", we use a non-parametric specification of rank dependent utility theory to characterize the preferences of the agents. From normative point of view, the paper discusses the implication of...
Persistent link: https://www.econbiz.de/10010929098
We examine the determinants of income inequality and mobility in a Ramsey model with elastic labor supply. Individuals …
Persistent link: https://www.econbiz.de/10010933912
On the website of their recent book Pour une Revolution Fiscale, Landais, Piketty and Saez (2011) have provided the public with free access to all their quantitative data, inviting the readership to critically appraise and publicly discuss their work. Unfortunately, the book's graphical...
Persistent link: https://www.econbiz.de/10010535380