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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
-term outcomes such as education, teenage pregnancy, occupation, mortality, and victimization …
Persistent link: https://www.econbiz.de/10014243166
How does a large structural change to the labor market affect education investments made at young ages? Exploiting … decline in routine tasks causes major shifts in education investments of high school students, where they invest less in … vocational-trades education and increasingly invest in college education. Our results highlight that labor demand changes impact …
Persistent link: https://www.econbiz.de/10014358817
We study the importance of the extended family – the dynasty – for the persistence in inequality across generations. We …
Persistent link: https://www.econbiz.de/10012871027
The cross-country relationship between Covid-19 crude mortality rates and previously measured income inequality and … poverty in the pandemic’s first wave is studied, controlling for other underlying factors, in a sample of 141 countries. An … income. Poverty as measured by the $1.90 per day standard has a small negative association with death rates. The elasticity …
Persistent link: https://www.econbiz.de/10013237221
I study whether saving behavior reveals socially relevant intertemporal preferences. To this end, I decompose the present generation’s preference for the next into its dynastic and cross-dynastic components in a model of saving. If people are concerned about the next generation as such, then...
Persistent link: https://www.econbiz.de/10013296272
We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the … nature affect mobility and the transmission of income inequality across generations, thus complementing the vast empirical …
Persistent link: https://www.econbiz.de/10012841147
social welfare accounts for intragenerational equity, the larger the intragenerational inequality aversion (IIA), the smaller …
Persistent link: https://www.econbiz.de/10013239334
inequality. This paper uses a 19-year panel of administrative data for the population of Norway to examine the share of the Total … extreme wealth inequality in society …
Persistent link: https://www.econbiz.de/10013305650
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 … social mobility increases. Using data on happiness and a broad set of fairness measures from the World Values Survey, we find …
Persistent link: https://www.econbiz.de/10010274890