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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 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
phenomenon across the globe. Upward-biased perceptions are associated with lower preferences for redistribution and have direct … redistribution preferences, is independent of socio-demographic characteristics, robust to measurement errors in social surveys, and …
Persistent link: https://www.econbiz.de/10013322781
consider some of the implications of globalization for policy design, both within federal systems and across countries …. Although globalization poses new challenges for fiscal systems, it does not necessarily imply that redistributive policy … becomes untenable and possibly enhances the need for redistribution …
Persistent link: https://www.econbiz.de/10014241315
We explore the relation between social political identity and prosociality. We first construct a theoretical model to generate predictions for the behavior of players in an ultimatum game who are influenced by social political identity. Then we use a novel subject pool-registered members of...
Persistent link: https://www.econbiz.de/10012908662
conventional wisdom, rather than calling for more redistribution, the presence of this scale dependence provides a rationale for …. At an aggregate level, a rise in redistribution induces a compression effect on the distribution of pre-tax returns. In … the financial market, I identify general equilibrium trickle-up externalities that provide a force for more redistribution …
Persistent link: https://www.econbiz.de/10013233147
In most OECD countries, pension reform policy has decreased the level of intragenerational redistribution over the last … three decades, that is, redistribution among members of the same generation with high and low pension entitlements. This … relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security …
Persistent link: https://www.econbiz.de/10013292508
This paper examines the effects of a unilateral reform of the redistribution policy in an economy open to international …-reforming trading partner, the unilateral redistribution policy reform resembles a unilateral increase in trade costs leading to a …
Persistent link: https://www.econbiz.de/10013212255
opportunities and outcomes. We elicit redistribution decisions from a U.S.-representative sample who observe worker outcomes and … lucky opportunities. Our findings have implications for models that seek to understand and predict redistribution attitudes …, and help to explain the gap between lab evidence on support for redistribution and U.S. inequality trends …
Persistent link: https://www.econbiz.de/10014357631
Interest-rate spreads fluctuate widely across time and countries. We characterize their behavior using some 3,200 quarterly observations for 21 advanced and 17 emerging economies since the early 1990s. Before the financial crisis, spreads are 10 times more volatile in emerging economies than in...
Persistent link: https://www.econbiz.de/10012841745