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We characterize a measure of social welfare for linear production economies in which individuals differ in productive skills and preferences. The key feature of our measure is that it aggregates fairness gaps, defined as the difference between the money-metric utility that the individual...
Persistent link: https://www.econbiz.de/10014290152
We characterize a measure of social welfare for linear production economies in which individuals differ in productive skills and preferences. The key feature of our measure is that it aggregates fairness gaps, defined as the difference between the money-metric utility that the individual...
Persistent link: https://www.econbiz.de/10014262033
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 inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012018319
To study how information about educational inequality affects public concerns and policy preferences, we devise survey … experiments in representative samples of the German population. Providing information about the extent of educational inequality … strongly increases concerns about educational inequality but only slightly affects support for equity-oriented education …
Persistent link: https://www.econbiz.de/10011931942
triggered the demand for income redistribution and wealth taxes not only to reduce inequality but also to reduce CO2 emissions …
Persistent link: https://www.econbiz.de/10013427772
Does redistribution in democracies cater to the will of the majority? We propose a direct empirical strategy based on survey data that needs not assume that voters are guided by pecuniary motives alone. We find that most democracies implement the median voter's preferred amount of redistribution...
Persistent link: https://www.econbiz.de/10010480862
stress was generated by debilitating poverty, financial insecurity, by the highest level of inequality among rich countries …
Persistent link: https://www.econbiz.de/10013427752
Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning … differentials reflect variations in productive traits, a significant component of the differences in income inequality across societies …. The roots of income inequality within the US population provide supporting evidence for the hypothesis. It suggests that …
Persistent link: https://www.econbiz.de/10014377470
theoretical framework for the relationship between structural reforms, economic growth and income inequality. We argue that … inequality. We conclude by proposing a 7-point agenda for future research. …
Persistent link: https://www.econbiz.de/10011794151
by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in …
Persistent link: https://www.econbiz.de/10010283625