Showing 1 - 10 of 77
We estimate, for the first time, long-run trends in intergenerational economic mobility for a multitude of countries in Latin America going beyond parent-child correlations in educational attainment. We use several indicators of well-being, such as the socio-economic situation of individuals,...
Persistent link: https://www.econbiz.de/10014466616
This chapter reviews the empirical evidence on the levels and trends in income/consumption inequality and poverty in … poverty across countries and regions, an assessment of trends in these variables since the early 1980s, and a general … discussion of their determinants. There has been tremendous progress in the measurement of inequality and poverty in the …
Persistent link: https://www.econbiz.de/10010198464
We offer a new explanation for why taxes have become less progressive in many countries in parallel with an increase in income inequality. When performance-based compensation differentials are needed to incentivize effort, redistribution through progressive income taxes becomes less precisely...
Persistent link: https://www.econbiz.de/10012827110
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012870643
the "poor/non-poor" classification in the first stage. -- Multidimensional welfare ; poverty ; factory analysis ; clusters …
Persistent link: https://www.econbiz.de/10008772508
Persistent link: https://www.econbiz.de/10012137862
This paper analyses the changes in inequality occurred during the period 1998 - 2005. A set of results are presented in order to contribute to a better understanding of the changes in inequality. The obtained results show that important distributive effects were hidden by the apparent observed...
Persistent link: https://www.econbiz.de/10009267064
We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the schooling investment into the next generation, is observable but the draw of nature in terms of ability is hidden, stochastic and persistent across generations. We calibrate the...
Persistent link: https://www.econbiz.de/10012841147
We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle in-come...
Persistent link: https://www.econbiz.de/10012830349
Wealthier households obtain higher returns on their investments than poorer ones. How should the tax system account for this return inequality? I study capital taxation in an economy in which return rates endogenously correlate with wealth. The leading example is a financial market, where the...
Persistent link: https://www.econbiz.de/10013233147