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Expanding the welfare system : a proposal for reform

Orszag, Jonathan Michael; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 1998

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

Guilt aversion and redistributive politics: A moral intuitionist approach

Le Garrec, Gilles - Institut für Weltwirtschaft (IfW) - 2013

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

Smoothing the adjustment to trade liberalization

Lechthaler, Wolfgang; Mileva, Mariya - Institut für Weltwirtschaft (IfW) - 2014

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

Capital mobility, tax competition, and lobbying for redistributive capital taxation

Lorz, Jens Oliver - Institut für Weltwirtschaft (IfW) - 1996

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

Unemployment Accounts and Employment Incentives

Brown, Alessio J. G.; Orszag, J. Michael; Snower, Dennis J. - Institut für Weltwirtschaft (IfW) - 2006

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

Social Security and Redistribution Within Generations in an Overlapping-Generations Model

Lorz, Oliver - Institut für Weltwirtschaft (IfW) - 1999

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

The Political Economy of Intra- and Intergenerational Redistribution with Asymmetric Information

Lorz, Oliver - Institut für Weltwirtschaft (IfW) - 1999

In this paper redistribution policy is analyzed in a 2-period overlapping generations model with heterogeneous …

Persistent link: https://www.econbiz.de/10005818844

Intergenerational Redistribution with Asymmetric Information: the Case of Non-Observable Savings

Lorz, Oliver - Institut für Weltwirtschaft (IfW) - 1999

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

Reduction of income inequality and subjective well-being in Europe

Hajdu, Tamás; Hajdu, Gábor - Institut für Weltwirtschaft (IfW) - 2014

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

Information stickiness in general equilibrium and endogenous cycles

Gomes, Orlando - Institut für Weltwirtschaft (IfW) - 2012

Traditionally, observed fluctuations in aggregate economic time series have been mainly modelled as being the result of exogenous disturbances. A better understanding of macroeconomic phenomena, however, surely requires looking directly at the relations between variables that may trigger...

Persistent link: https://www.econbiz.de/10010956107