Showing 1 - 10 of 157
distributions can be viewed as an abstract measure of skewness. We develop some of its properties and apply it to the US …
Persistent link: https://www.econbiz.de/10012986162
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
It is argued that the concept of well –being inequality cannot be properly defined without taking the referencing … happiness inequality in happiness studies.We plead for an extension of the present happiness paradigm by setting up a new …
Persistent link: https://www.econbiz.de/10008533999
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
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
polarization of the electorate into changes in the distribution of voter ideal positions and consequences of elite polarization …
Persistent link: https://www.econbiz.de/10009651861
competition over endogenously determined policies induces strategic restraint that reduces polarization and, in turn, wasteful …
Persistent link: https://www.econbiz.de/10005181372
Many political commentators diagnose an increasing polarization of the U.S. electorate into two opposing camps. However … position of the median voter does not change. We show that media bias provides a mechanism through which political polarization … electoral outcomes. We show that polarization increases the profitability of slanting news, thereby raising the likelihood of …
Persistent link: https://www.econbiz.de/10005405957
We examine the two-candidate equilibria of the citizen-candidate model when the implemented policy arises from a compromise between the government and an unelected external power. We show that the equilibria of this model differ significantly from the original: the distance between the...
Persistent link: https://www.econbiz.de/10010561495
This paper examines the effects that windfalls from international commodity price booms have on net foreign assets in a panel of 145 countries during the period 1970-2007. The main finding is that windfalls from international commodity price booms lead to a significant increase in net foreign...
Persistent link: https://www.econbiz.de/10009371349