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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
Using a capital-skill complementarity technology, we analytically show that an increase in the direct redistributivity of Pay-As-You-Go (PAYG) pension systems has a positive impact on wages and on wage inequalities. We also show that life expectancyinequalities play an important role in the...
Persistent link: https://www.econbiz.de/10009643777
In this paper we study the macroeconomic impact of a policy which changes the redistributive properties of an unfunded pension system. Using an overlapping generations model with a closed economy and heterogenous agents, we show that a weaker linkbetween contributions and benefits has an impact...
Persistent link: https://www.econbiz.de/10009643779
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
margins for 17 EU countries and the US. Using the same data, inequality aversion is measured as the degree of redistribution …We analyze to which extent social inequality aversion differs across nations when control ling for actual country … supply elasticities across countries. However, this changes the cross-country ranking in inequality aversion compared to …
Persistent link: https://www.econbiz.de/10010933830
We show the existence of a twin peaks relation between trust and the size of the welfare state that stems from two opposing forces. Uncivic people support large welfare states because they expect to benefit from them without bearing their costs. But civic individuals support generous benefits...
Persistent link: https://www.econbiz.de/10010933915
. Measuring individualism and the demand for redistribution by questions of the General Social Survey (GSS), we show that: (i …) individuals living in states with mineral resources are more individualistic and support less redistribution by the government … ; (ii) the higher the number of mines in a states, the lower the support for governmental redistribution and the higher the …
Persistent link: https://www.econbiz.de/10010930183
An early death is, undoubtedly, a serious disadvantage. However, the compensation of short-lived individuals has remained so far largely unexplored, probably because it appears infeasible. Indeed, short-lived agents can hardly be identified ex ante, and cannot be compensated ex post. We argue...
Persistent link: https://www.econbiz.de/10010930209
In this paper, we highlight the link between the political demand and social policy outcome while taking into account the design of the party system. The political demand is measured by individual preferences and the design of the party system is defined as the extent of party fractionalization....
Persistent link: https://www.econbiz.de/10010930221
alternative institutional options: the degree of labour market flexibility and the intensity of redistribution. We show that the … (positive flexibility versus positive redistribution). …
Persistent link: https://www.econbiz.de/10010930237