Showing 1 - 10 of 1,268
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
redistribution. We study the dynamic evolution of different economies in which redistributive policies, perceptions of fairness … inequality, redistribution and growth. We also show how different beliefs about fairness can keep two otherwise identical …
Persistent link: https://www.econbiz.de/10012463062
This paper discusses what determines the preferences of individuals for redistribution. We review the theoretical …
Persistent link: https://www.econbiz.de/10012463822
redistribution in democratic societies. An infinite-horizon theoretical model is developed, and the properties of the equilibrium tax …
Persistent link: https://www.econbiz.de/10012455921
Social contracts about inequality and redistribution are country-specific. We rely on a model of inequality and … redistribution where multiple steady states can emerge in given country. We link the model to the recent literature on beliefs and … we call 'dissipative inclusion', where redistribution and social inclusion are effectively achieved but accompanied by …
Persistent link: https://www.econbiz.de/10012460073
-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
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … broadly consistent with a view that is different from the traditional median voter model of democratic redistribution …
Persistent link: https://www.econbiz.de/10012458917
costs and benefits of redistribution are generally of the same order of magnitude, resulting in reasonable values for the …
Persistent link: https://www.econbiz.de/10012471662
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
relationship between the political influence of the two groups and the level of taxation, public investment, redistribution of …
Persistent link: https://www.econbiz.de/10012475348