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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
This paper discusses what determines the preferences of individuals for redistribution. We review the theoretical …
Persistent link: https://www.econbiz.de/10012463822
-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
and then falls for higher income quintiles, consistent with median voter political economy theory and what Stigler called … redistribution and a modest effect of two year led inequality …
Persistent link: https://www.econbiz.de/10014544770
This paper proposes a new way to evaluate tax reforms, by aggregating losses and gains of different individuals using "generalized social marginal welfare weights." A tax system is optimal if no budget neutral small reform can increase the weighted sum of (money metric) gains and losses across...
Persistent link: https://www.econbiz.de/10012459827
Economists tend to assume that redistributive transfers increase equity but cause a loss in efficiency, the so-called 'leaky bucket' effect. This paper explores situations where efficiency losses are small or where equity and efficiency might even complement each other. A simple model identifies...
Persistent link: https://www.econbiz.de/10012469895
The marginal social value of income redistribution is understood to depend on both the concavity of individuals … redistribution, as might be expected, whereas concavity of the social welfare function has a more subtle influence, one that in some …
Persistent link: https://www.econbiz.de/10012468707
The share of pre-tax income flowing to the top of the UK income distribution increased continually and substantially in the three decades leading up to the financial crisis, but has changed little since 2013. Using microdata sampled from UK tax records, we describe the nature of top incomes in...
Persistent link: https://www.econbiz.de/10013210046
We study the effects of an unconditional cash transfer program on social preferences of children. The program allocated $1,076 to randomly selected households in rural Kenya. We measure the social preferences of 4,022 children from 1,687 households with survey questions and incentivized...
Persistent link: https://www.econbiz.de/10014372476
skills or not. The government influences individual decision-making by redistribution of income or by subsidizing investment …
Persistent link: https://www.econbiz.de/10012471291