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their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …
Persistent link: https://www.econbiz.de/10012469200
redistribution and a modest effect of two year led inequality …
Persistent link: https://www.econbiz.de/10014544770
skills or not. The government influences individual decision-making by redistribution of income or by subsidizing investment …
Persistent link: https://www.econbiz.de/10012471291
The relationship between the degree of inequality and the demand for redistribution has been a central question in … gap between the income of the average and the median voter, should lead to increased demand for redistribution, as … demand for redistribution. Part of the explanation of this puzzle lies in the realization that it is not only (or even mainly …
Persistent link: https://www.econbiz.de/10012660048
enforcement. Optimal enforcement strategies are developed for both the anti-discrimination and the earnings redistribution models … redistribution model …
Persistent link: https://www.econbiz.de/10012477766
The purpose of the present note is to explore the structure of optimal income taxation/redistribution in an economy …, of course, an additional incentive for income redistribution from wealthy to poor citizens is created and the logical …
Persistent link: https://www.econbiz.de/10012478985
We study how monetary policy affects the asymmetric effects of globalization. To this end, we build an open-economy heterogeneous-agent New Keynesian model (HANK), in which households differ in their income, wealth, and real and financial integration with international markets. We use the model...
Persistent link: https://www.econbiz.de/10012482432
This paper estimates the total value that individuals derive from their state's tax-and-transfer program, and shows how this value varies by income. The paper decomposes this total value into two components: redistributive value, which is due to predictable changes in income (and family...
Persistent link: https://www.econbiz.de/10012462377
Bigger governments raise the possibilities for corruption; more corruption may in turn raise the support for redistributive policies that intend to correct the inequality and injustice generated by corruption. We formalize these insights in a simple dynamic model. A positive feedback from past...
Persistent link: https://www.econbiz.de/10012467282
The distribution of human capital and income lies at the center of a nexus of forces that shape a country's economic, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth consequences. Five main issues are addressed. First, I...
Persistent link: https://www.econbiz.de/10012468322