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inequality and redistribution. Not surprisingly, the effective level of redistribution (after tax-and-transfer inequality) is … objective dimension of inequality and redistribution are, at least partially, linked with individuals' political preferences and … their voting behavior. The association between objective and subjective measures of inequality and redistribution vanishes …
Persistent link: https://www.econbiz.de/10010817293
In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is … balance against the economic explanation, which predicts more rather than less income redistribution in the United States … (which also characterize Switzerland) to redistribution; yet the Swiss share of transfers in the GDP is low. Behavioral …
Persistent link: https://www.econbiz.de/10005025598
We study Pareto optimal tax and education policies when human capital upon labor market entry is endogenous and individuals face wage uncertainty. Though optimal labor distortions are history-dependent, i.e. depend on income and education, simple policy instruments can yield the desired...
Persistent link: https://www.econbiz.de/10009358882
This paper analyzes the impact of inequality on growth when technical progress is driven by innovations and consumers … have hierarchic preferences. Inequality has an impact on growth because it affects the structure and the dynamics of demand …. Redistribution from very rich to very poor consumers is beneficial for growth. In general, the growth effect depends on the nature of …
Persistent link: https://www.econbiz.de/10005627889
In dieser Arbeit werden die Auswirkungen des Frauenstimmrechts auf die Staatsausgaben in den Kantonen der Schweiz untersucht. Anhand dieser institutionell bedingten Veränderung des Elektorats studieren wir den Zusammenhang zwischen repräsentierten Bürgerpräferenzen und dem Ergebnis des...
Persistent link: https://www.econbiz.de/10005585633
No voters cast their votes based on perfect information, but better educated and richer voters are on average better informed than others. We develop a model where the voting mistakes resulting from low political knowledge reduce the weight of poor voters, and cause parties to choose political...
Persistent link: https://www.econbiz.de/10009358881
This paper analyzes responsibility attributions for outcomes of collective decision making processes. In particular, we ask if decision makers are blamed for being pivotal if they implement an unpopular outcome in a sequential voting process. We conduct an experimental voting game in which...
Persistent link: https://www.econbiz.de/10011272198
People not only obtain utility from actual outcomes but also from the conditions which lead to these outcomes. The paper proposes an economic concept of this notion of procedural utility. Preferences beyond outcome can be manifold. We distinguish procedural utility people get from institutions...
Persistent link: https://www.econbiz.de/10005627953
This paper proposes a dynamic politico-economic theory of debt, government finance and expenditure. Agents have preferences over a private and a government-provided public good, financed through labor taxation. Subsequent generations of voters choose taxation, government expenditure and debt...
Persistent link: https://www.econbiz.de/10005627936
The burning of fossil fuels not only causes CO2 emissions but at the same time impairs local environmental quality such as ambient air quality. The present paper analyzes the possible distortion arising from international trade in CO2 emissions when local externalities persist. It is...
Persistent link: https://www.econbiz.de/10005463552