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Don't Stop Believin’ – Heterogeneous Updating of Intergenerational Mobility Perceptions Across Income Groups

Schwarz, Anna; Warum, Philipp - 2023

This article presents a novel explanation why demand for redistribution on average does not respond to information on low intergenerational mobility. Building on insights from behavioral economics, we expect that incentives to update perceptions of intergenerational mobility change along the...

Persistent link: https://www.econbiz.de/10014345626

Climate Change Expectations and Endogenous Economic Growth in the Dice Model

Ciesielski, Anna - 2019

This paper studies the investment based growth rate effects of climate change. The analysis is based on the Integrated Assessment Model DICE by Nordhaus (2008). I depart from the original model, in that endogenous investments into a knowledge stock drive economic growth. Due to a negative...

Persistent link: https://www.econbiz.de/10012865176

Trade Openness and Income Inequality : New Empirical Evidence

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021

We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...

Persistent link: https://www.econbiz.de/10013218286

Intergenerational Mobility in the Land of Inequality

G.C. Britto, Diogo; Fonseca, Alexandre de Andrade; … - 2022

We provide the first estimates of intergenerational income mobility for a developing country, namely Brazil. We measure formal income from tax and employment registries, and we train machine learning models on census and survey data to predict informal income. The data reveal a much higher...

Persistent link: https://www.econbiz.de/10014243166

Inequality and the Import Demand Function

Adam, Antonis; Katsimi, Margarita; Moutos, Thomas - 2021

In this paper we build a model of trade in vertically differentiated products and find that income inequality can affect the demand for imports even in the presence of homothetic preferences. The empirical importance of changes in inequality on the demand for imports is then assessed by...

Persistent link: https://www.econbiz.de/10013316611

Inequality Undermines Democracy and Growth

Gylfason, Thorvaldur - 2019

growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank … and by The Standardized World Income Inequality Database are seen to be correlated with economic diversification, the rule … in the World Values Survey, and democracy, all of which are good for growth as reflected in the purchasing power of per …

Persistent link: https://www.econbiz.de/10012892099

The Social Cost of Carbon with Intragenerational Inequality Under Economic Uncertainty

van der Ploeg, Rick; Emmerling, Johannes; Groom, Ben - 2022

A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and intergenerational inequality aversion and for risk...

Persistent link: https://www.econbiz.de/10014082790

Inequality and the Environment : The Economics of a Two-Headed Hydra

Drupp, Moritz A.; Kornek, Ulrike; Meya, Jasper; Sager, Lutz - 2021

Preserving environmental quality and addressing economic inequality both feature prominently in public discourse. Neither of these two issues can be fully understood in isolation, and policies aiming at one issue will increasingly have to consider interactions with the other. We synthesize...

Persistent link: https://www.econbiz.de/10013312074

Dynastic Human Capital, Inequality and Intergenerational Mobility

Adermon, Adrian - 2019

We study the importance of the extended family – the dynasty – for the persistence in inequality across generations. We use data including the entire Swedish population, linking four generations. This data structure enables us to identify parents’ siblings and cousins, their spouses, and...

Persistent link: https://www.econbiz.de/10012871027

The Falling Elasticity of Global Trade to Economic Activity : Testing the Demand Channel

Auboin, Marc - 2018

Since the recovery from the great financial crisis in 2010, global real trade flows grew much slower than pre-crisis, in both absolute terms (growth rates) and relative terms (relative to GDP, from 2:1 in the great 1990’s to 1:1 since 2012) A debate has arisen as to whether this global trade...

Persistent link: https://www.econbiz.de/10012908674

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