Showing 1 - 10 of 308
This paper studies optimal dynamic tax policy under the threat of political reform. A policy will be reformed ex post if a large enough political coalition supports reform; thus, sustainable policies are those that will continue to attract enough political support in the future. We find that...
Persistent link: https://www.econbiz.de/10011168909
Several cross-country studies have observed a negative correlation between inequality and interpersonal trust. Using … data from 59 countries, I instrument for inequality using the relative size of the mature-aged cohort, and find that a rise … in inequality reduces trust. …
Persistent link: https://www.econbiz.de/10005032865
-2006. While there has been no increase in aggregate happiness, inequality in happiness has fallen substantially since the 1970s … happiness by education have widened substantially. We develop an integrated approach to measuring inequality and decomposing … changes in the distribution of happiness, finding a pervasive decline in within-group inequality during the 1970s and 1980s …
Persistent link: https://www.econbiz.de/10005136431
rise in income inequality. Poverty has increased sharply with an estimated 18.5% of the population on incomes below the …
Persistent link: https://www.econbiz.de/10005498039
This paper analyzes the effects of information about inequality and taxes on preferences for redistribution using … interactive information on U.S. income inequality, the link between top income tax rates and economic growth, and the estate tax …. We find that the informational treatment has very large effects on whether respondents view inequality as an important …
Persistent link: https://www.econbiz.de/10011084154
The paper examines the appropriate domain of the Welfare State by exploring the areas in which free enterprise fails to provide adequate welfare state services. The paper outlines a simple coherent strategy for formulating government welfare state policy by identifying the relevant market...
Persistent link: https://www.econbiz.de/10005788942
or societal laws benefiting religious citizens. Rising income inequality can, however, lead some of the rich to form a …
Persistent link: https://www.econbiz.de/10011262883
coefficient, but is exogenous to any behavioral response. Analyzing the effect of this redistribution index on inequality, I find … redistribution and inequality. … create a “simulated tax redistribution index”, which captures the mechanical impact of the changes in tax policy on the gini …
Persistent link: https://www.econbiz.de/10004970062
curve in many Western economies during this period, with the fall in inequality following redistribution due to … widespread social unrest and revolution. Political transition, rather than redistribution under existing political institutions … political equilibria and acts as a commitment to redistribution. Our theory also offers a novel explanation for the Kuznets …
Persistent link: https://www.econbiz.de/10005791338
in time. In politico-economic equilibrium, more inequality (in terms of the skewedness of the distribution) yields a …
Persistent link: https://www.econbiz.de/10005791379