Showing 1 - 10 of 367
social welfare measure to evaluate four hypothetical earnings tax reforms for Belgian singles. The degree of compensation for …
Persistent link: https://www.econbiz.de/10014262033
, unemployment, and wages. We find that the REBP led to a tremendous increase in unemployment, which was due to both an increase in … there were also non-negligible effects of extended benefits on the level and the distribution of wages. …
Persistent link: https://www.econbiz.de/10010315264
, escalating income inequality. Policy simulations indicate government support measures mitigated wage income reduction and … unemployment rise, yet they contributed to income inequality under certain conditions. These results provide insight into the …
Persistent link: https://www.econbiz.de/10014377521
We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure … voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also … allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged. …
Persistent link: https://www.econbiz.de/10011584914
When measuring income inequality over long periods of time, accounting for population and productivity growth is … that the U-shaped inequality trend over the past century holds up, but with important qualifications. Using measures that …-term income inequality trends. …
Persistent link: https://www.econbiz.de/10011957201
In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …
Persistent link: https://www.econbiz.de/10010274890
This paper examines the distributional implications of inflation on top income shares in 12 advanced economies using data over the period 1920-2016. We use Local Projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined...
Persistent link: https://www.econbiz.de/10012207968
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10012425654
-skilled workers imply a trade-off between employment and wages in the low- and medium-skilled group, due to the increase in the skill …
Persistent link: https://www.econbiz.de/10012141119
knowledge sector is bounded, as productivity increases, the economy moves from a "Solovian zone" where wages increase with … creativity is more unevenly distributed than productivity, technical progress always increases inequality. Redistribution from … their bliss point can only be made better-off by an increase in diversity. If wages are set by monopoly unions rather than …
Persistent link: https://www.econbiz.de/10010315207