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Should Income Inequality Be Praised? Multiple Public Goods Provision, Income Distribution and Social Welfare

Itaya, Jun-ichi - 2017

We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that...

Persistent link: https://www.econbiz.de/10012965708

Discounting and Welfare Analysis Over Time : Choosing the à3B7

Buchholz, Wolfgang; Schumacher, Jan - 2021

Based on the Ramsey equation and an ethically motivated rejection of pure utility time discount, the Stern Review on the Economics of Climate Change concentrates on the use of the elasticity of marginal utility η in the intergenerational social welfare function. We support this position by...

Persistent link: https://www.econbiz.de/10013316572

The Welfare Gains of Age Related Optimal Income Taxation

Bastani, Spencer - 2010

Using a calibrated overlapping generations model we quantify the welfare gains of an age dependent income tax. Agents face uncertainty regarding future abilities and can by saving transfer consumption across periods. The welfare gain of switching from an age-independent to an age-dependent...

Persistent link: https://www.econbiz.de/10013136607

Welfare Effects of Short-Time Compensation

Braun, Helge - 2014

We study welfare effects of public short-time compensation (STC) in a model in which firms respond to idiosyncratic profitability shocks by adjusting employment and hours per worker. Introducing STC substantially improves welfare by mitigating distortions caused by public unemployment insurance...

Persistent link: https://www.econbiz.de/10013043593

Inequity Aversion, Welfare Measurement and the Gini Index

Schmidt, Ulrich - 2018

Over the last decades, research in behavioural economics has demonstrated that individual welfare (utility), as relevant for economic decision making, depends not only on absolut but also on distributional aspects. Moreover, evidence is gathering that something similar holds for aggregate...

Persistent link: https://www.econbiz.de/10012916152

Legal Uncertainty as a Welfare Enhancing Screen

Lang, Matthias - 2016

Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...

Persistent link: https://www.econbiz.de/10012977556

Economic Freedom and Religion : An Empirical Investigation

Hillman, Arye L. - 2016

There has been much study of the consequences of economic freedom but, outside of the role of political institutions …, there has been little study of the determinants of economic freedom. We investigate whether religion affects economic … freedom. Our cross-sectional dataset includes 137 countries averaged over the period 2001-2010. Simple correlations show that …

Persistent link: https://www.econbiz.de/10012984498

Welfare Stigma in the Lab : Evidence of Social Signaling

Friedrichsen, Jana - 2017

Using a laboratory experiment, we present first evidence that stigmatization through public exposure causally reduces the take-up of an individually beneficial transfer. Our design exogenously varies the informativeness of the take-up decision by varying whether transfer eligibility is based on...

Persistent link: https://www.econbiz.de/10012952402

Growth and Welfare Under Endogenous Lifetime

Schneider, Maik T. - 2017

We study the role of endogenous healthcare choices by households to extend their expected lifetimes on economic growth and welfare in a decentralized overlapping generations economy with the realistic feature that households' savings are held in annuities. We characterize healthcare spending in...

Persistent link: https://www.econbiz.de/10012960113

Choosing size of government under ambiguity : infrastructure spending and income taxation

Manski, Charles F. - In: The economic journal : the journal of the Royal … 124 (2014) 576, pp. 359-376

Persistent link: https://www.econbiz.de/10010383761

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