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The proposal involves the establishment of ?welfare accounts? for every person in a country. There are to be four accounts: a retirement account (covering pensions), an unemployment account (covering unemployment support), a human capital account (covering education and training), and a health...
Persistent link: https://www.econbiz.de/10010955894
show that people do care about fairness in their demand for redistribution. In this article, in the spirit of the new … behavior over redistribution as the interaction between (a) an automatic cognitive process which quickly generates intuitions … on the fair level of redistribution, (b) a rational self-oriented reasoning which controls the feeling of guilt …
Persistent link: https://www.econbiz.de/10010956115
We use a dynamic general equilibrium trade model with comparative advantage, heterogeneous firms, heterogeneous workers and endogenous firm entry to analyze economic policy meant to compensate the losers of trade liberalization and reduce the ensuing wage inequality. We consider several...
Persistent link: https://www.econbiz.de/10011277152
This paper analyzes the impact of international capital mobility on redistributive capital taxation and on lobbying activities by interest groups. It employs a model where different capital endowments lead to a conflict between households concerning their most preferred capital tax rate. Three...
Persistent link: https://www.econbiz.de/10009276384
We explore the far-reaching implications of replacing current unemployment benefit (UB) systems by an unemployment accounts (UA) system. Under the UA system, employed people are required to make ongoing contributions to their UAs and the balances in these accounts are available to them during...
Persistent link: https://www.econbiz.de/10005755198
democracy with asymmetric information. The model considers not only redistribution between generations but also redistribution …, consumption levels are perfectly equalized within both generations. Second, a redistribution bias exists in favor of the old …
Persistent link: https://www.econbiz.de/10005818784
In this paper redistribution policy is analyzed in a 2-period overlapping generations model with heterogeneous …
Persistent link: https://www.econbiz.de/10005818844
This paper analyzes intergenerational redistribution in a 2-period overlapping-generations model of a representative … democracy. The model incorporates redistribution between generations and redistribution within generations, allowing for … political economy equilibrium is not Pareto-efficient. Redistribution results in equal consumption levels of individuals with …
Persistent link: https://www.econbiz.de/10005700602
association of reduction of income inequality (redistribution) with subjective wellbeing. Their results provide evidence that … not only the outcome (inequality), but also the procedure (redistribution) that leads to the outcome influences subjective … positive effect of redistribution seems to be stronger for less affluent members of the societies and left-wing oriented …
Persistent link: https://www.econbiz.de/10010983176
reactiveness of inflation to the unemployment rate. In regard to a monetary union, the national unemployment multiplier in the …
Persistent link: https://www.econbiz.de/10010886968