Showing 1 - 10 of 2,238
We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be taxed. We develop an overlapping generations model with...
Persistent link: https://www.econbiz.de/10012841621
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
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
transition following the optimal reform in the capital-skill complementarity model, implying substantial indirect redistribution … from skilled to unskilled workers. These results show that a government that cares about redistribution should take into …
Persistent link: https://www.econbiz.de/10013315178
into account, however, these results are reversed in a pure efficiency analysis. If redistribution arguments are taken into …
Persistent link: https://www.econbiz.de/10010266108
We analyze normatively determined distributions of language rights in multilingual settings. It is shown in a welfare-maximizing model where rights today influence the status of a language in the future, that the 'naive' ex ante cost-benefit analysis has to be augmented in various directions....
Persistent link: https://www.econbiz.de/10010274886
The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent...
Persistent link: https://www.econbiz.de/10010280972
Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public goods. Equilibrium climate protection may depend more sensitively on either of these considerations, depending on the type of policy rule one examines. This conclusion is based on...
Persistent link: https://www.econbiz.de/10010283613
We study the efficiency and distributional consequences of establishing and abolishing the draft in a dynamic model with overlapping generations, taking into account endogenous human capital formation as well as government budget constraints. The introduction of the draft initially benefits the...
Persistent link: https://www.econbiz.de/10010261180
The sustainability of the welfare state ultimately depends on citizens' preferences for income redistribution. They are … elicited through a Discrete Choice Experiment performed in 2008 in Switzerland. Attributes are redistribution as GDP share, its …
Persistent link: https://www.econbiz.de/10013139422