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Public Economics and Inequality : Uncovering Our Social Nature
Saez, Emmanuel - National Bureau of Economic Research - 2021
This paper argues that the social nature of humans, absent from the standard economic model, is crucial to understand our large modern social states and why concerns about inequality are so pervasive. A social solution arises when a situation is resolved at the group level (rather than the...
Persistent link: https://www.econbiz.de/10012482605
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Optimal Income Transfers
Kaplow, Louis - 2006
A substantial literature addresses the design of transfer programs and policies, including the negative income tax, other means-tested transfers, the earned income tax credit, categorical assistance, and work inducements. This work is largely independent of that on the optimal nonlinear income...
Persistent link: https://www.econbiz.de/10012466384
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Why Doesn't the US Have a European-Style Welfare System?
Alesina, Alberto - 2001
that redistribution is a function of the variance and skewness of the pre-tax income distribution, the volatility of income … of racial heterogeneity in the US and American political institutions. Racial animosity in the US makes redistribution to …
Persistent link: https://www.econbiz.de/10012470194
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Income Inequality and Social Preferences for Redistribution and Compensation Differentials
Kerr, William R. - 2011
-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve …-led redistribution to the poor. These patterns suggest that short-run inequality shocks can be reinforced in the labor market but do not … result in weaker political preferences for redistribution …
Persistent link: https://www.econbiz.de/10012460956
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Good bye Lenin (or not?) : The Effect of Communism on People's Preferences
Alesina, Alberto - 2005
Preferences for redistribution, as well as the generosities of welfare states, differ significantly across countries … 1990, East Germans lived under a Communist regime with heavy state intervention and extensive redistribution. We find that …, after German reunification, East Germans are more in favor of redistribution and state intervention than West Germans, even …
Persistent link: https://www.econbiz.de/10012466972
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Coronavirus : Impact on Stock Prices and Growth Expectations
Gormsen, Niels J. - 2020
We use data from the aggregate stock market and dividend futures to quantify how investors' expectations about economic growth evolve across horizons in response to the coronavirus outbreak and subsequent policy responses until June 2020. Dividend futures, which are claims to dividends on the...
Persistent link: https://www.econbiz.de/10012481582
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The Contribution of Human Capital to China's Economic Growth
Whalley, John - 2010
This paper develops a human capital measure in the sense of Schultz (1960) and then reevaluates the contribution of human capital to China's economic growth. The results indicate that human capital plays a much more important role in China's economic growth than available literature suggests,...
Persistent link: https://www.econbiz.de/10012462065
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Does a Leapfrogging Growth Strategy Raise Growth Rate? Some International Evidence
Wang, Zhi - 2010
While openness to trade is a well-recognized hallmark of many successful emerging market economies known as "growth miracles," another component of the growth model is a leapfrogging strategy - the use of policies to guide the industrial structural transformation ahead of a country's factor...
Persistent link: https://www.econbiz.de/10012462266
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Further Comments on The Impact of the Asian Miracle on the Theory of Economic Growth
Fogel, Robert W. - 2010
This paper addresses three issues related to the relative rates of growth in the United States, the European Union, and China during the four decades between 2000 and 2040. The first concerns the source of the factors which make it likely that China will continue to grow at a high rate for...
Persistent link: https://www.econbiz.de/10012462930
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The Impact of the Asian Miracle on the Theory of Economic Growth
Fogel, Robert W. - 2009
This paper, divided into seven sections, considers the development of economic growth theory in light of the spectacular advances of the economies of China, India, and Southeast Asia. Section 1 reviews the debate over the sources of technological change and the measurement of total factor...
Persistent link: https://www.econbiz.de/10012463682