Showing 1 - 10 of 47
Measuring and identifying financial constraints represents an important challenge in empirical studies. Due to data limitations perception-based indicators or approximations of access to finance by the usage of finance are often used, disregarding firm-specific differences in the demand for...
Persistent link: https://www.econbiz.de/10010877770
can thus increase inequality in the long-run. Depending on the elasticity of substitution between capital and unskilled … show that including the transition period in the welfare evaluation lowers the inequality effects of capital tax reduc …
Persistent link: https://www.econbiz.de/10009144878
We estimate and decompose family income-related inequality in child health in the US and analyze its dynamics using the … income-related child health inequality remains stable from early childhood into adolescence. The main factor underlying … income-related child health inequality is family income itself, although other factors, such as maternal education, also play …
Persistent link: https://www.econbiz.de/10009294101
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 …
Persistent link: https://www.econbiz.de/10008671705
Social identity has become accepted as a key concept underpinning the endogeneity of economic behaviour and preferences. It is important in explaining attitudes towards redistribution and pro-social behaviour. We examine how economic theory measures social identity and its effects on preferences...
Persistent link: https://www.econbiz.de/10010701093
We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … relationship between mobility and inequality is complex. For example, a reduction in the interest rate and an increase in the wage … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor …
Persistent link: https://www.econbiz.de/10010732346
inequality are gradual and cumulative. In case of a complete liberalization, the world average level of GDP per worker increases … by 20 percent in the short-run, and by more than 55 percent after 50 years. The world average index of inequality … identifying assumptions. We also analyze partial liberalization shocks: efficiency and inequality effects are roughly proportional …
Persistent link: https://www.econbiz.de/10010736743
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...
Persistent link: https://www.econbiz.de/10010706002
We investigate the relationship between inequality and political support for public education funding in a model of … distributions. Inequality can drive education spending in opposite directions in poor and rich economies. A mean preserving spread …
Persistent link: https://www.econbiz.de/10011097938
Does redistribution in democracies cater to the will of the majority? We propose a direct empirical strategy based on survey data that needs not assume that voters are guided by pecuniary motives alone. We find that most democracies implement the median voter’s preferred amount of...
Persistent link: https://www.econbiz.de/10011097941