Showing 1 - 10 of 2,008
We analyze whether globalization affects the composition of public expenditures for education by integrating arguments from the Heckscher-Ohlin and the tax competition literature into a common theoretical framework. The model suggests that with increasing global integration, developing countries...
Persistent link: https://www.econbiz.de/10013148296
Does redistribution in democracies cater to the will of the majority? We propose a direct empirical strategy based on … the median voter's preferred amount of redistribution and the probability to serve the median voter increases with the … redistribution. Political absenteeism of the poor cannot explain such outcomes. Rather, they can be explained by the electoral …
Persistent link: https://www.econbiz.de/10013030499
redistribution. It shows that when globalization increases inequality, a policymaker interested in maximizing the sum of welfares of … all agents increases redistribution. Empirically, the paper examines the effects of globalization on inequality and … redistribution in a panel data set of 140 countries for the period from 1970 to 2012. It finds that both inequality and …
Persistent link: https://www.econbiz.de/10013013496
improves the workers' outside options. Only if the latter become sufficiently attractive will redistribution induce some … upper limit for the generosity of the welfare state below which redistribution becomes less instead of more distortive …
Persistent link: https://www.econbiz.de/10013144026
We study the role of social long term care (LTC) insurance when income taxation and private insurance markets are imperfect. Policy instruments include public provision of LTC as well as a subsidy on private insurance. The subsidy scheme may be linear or nonlinear. For the linear part we...
Persistent link: https://www.econbiz.de/10013124972
This paper develops a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wage income going to the top decile of U.S. households since 1980. Under realistic assumptions, we find that all agents can benefit from the...
Persistent link: https://www.econbiz.de/10013098333
This paper examines whether myopia (misperception of the long-term care (LTC) risk) and private insurance market loading costs can justify social LTC insurance and/or the subsidization of private insurance. We use a two-period model wherein individuals differ in three unobservable...
Persistent link: https://www.econbiz.de/10013104574
This paper intends to make a two-fold contribution to the literature. First, it studies a political economy model of family taxation using a household economics approach to behavior; the nature of the winning policy is found to depend on whether i) the parents control their fertility or not, ii)...
Persistent link: https://www.econbiz.de/10013108086
This paper develops an overlapping-generations model with heterogeneous agents in terms of earning ability and cash-in-advance constraint. It shows that tax policy cannot fully replicate or neutralize the redistributive implications of monetary policy. While who gets the extra money becomes...
Persistent link: https://www.econbiz.de/10013091750
democracies; (2) the nature and determinants of modern tax structures; and (3) redistribution in pluralistic societies over …
Persistent link: https://www.econbiz.de/10012964375