Showing 1 - 7 of 7
terms of income. Agents’ income levels determine their ability to hedge against the effects of inflation. The interaction of …. Conversely, the use of income tax will be higher in countries with lower inequality and less pro-rich bias. The model also … allow for richer treatment of the income distribution and political process than in the related literature. The paper also …
Persistent link: https://www.econbiz.de/10010745045
evaluation comprise the alleviation of poverty and the reduction in income inequality, whilst the diversity of opinions about …
Persistent link: https://www.econbiz.de/10010745069
of income, employment, education, health, and housing and neighbourhood quality. However, by 2011, basic housing quality … terms of income, employment, and neighbourhood quality at least disproved arguments of inevitable tenurial polarisation …
Persistent link: https://www.econbiz.de/10010745809
This paper proposes a model of wealth distribution dynamics with a capital market imperfection and a production function where public capital is complementary to private capital. A unique invariant steady-state distribution is derived, with three social classes: subsistence workers, 'government...
Persistent link: https://www.econbiz.de/10010746233
In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality … has fallen in countries that have experienced income growth (but not in those that did not). Modern growth has reduced the …
Persistent link: https://www.econbiz.de/10011126047
This paper examines the role of international trade, and specifically imports from low-wage countries, in determining patterns of job loss in U.S. manufacturing industries between 1992 and 2007. Motivated by intuitions from factor-proportions-inspired work on offshoring and heterogeneous firms...
Persistent link: https://www.econbiz.de/10011125962
In normative public economics it is crucial to know how fast the marginal utility of income declines as income …, using a number of assumptions, we are able to estimate the elasticity of marginal utility with respect to income. We obtain …
Persistent link: https://www.econbiz.de/10011071383