Showing 1 - 10 of 263
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
source of inequality and the cost of redistribution. We show that Americans and Norwegians differ significantly in fairness …There is a striking difference in income inequality and redistributive policies between the United States and … considerations being much more fundamental for inequality acceptance than efficiency considerations in both countries …
Persistent link: https://www.econbiz.de/10012963592
We examine whether individuals' experienced levels of income inequality affect their preferences for redistribution. We … inequality and reduce their demand for redistribution … use several large nationally representative datasets to show that people who have experienced higher inequality during …
Persistent link: https://www.econbiz.de/10012964374
“blunt instrument” for redistribution. To delve deeper in this issue we build models in which workers are heterogeneous in … unemployment benefits). In the second model, the government engages in redistribution through the public provision of private goods …-kind redistribution, and (iii) the MW institution is politically viable only when there is a limited degree of in-kind redistribution …
Persistent link: https://www.econbiz.de/10012951678
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
hypothesis work quite well empirically: there exists a positive link between perceived inequality or perceived upward mobility … and the extent of redistribution in democratic regimes – though such a link does not exist when objective measures of … inequality and social mobility are used. These observations highlight that political preferences and choices might depend more on …
Persistent link: https://www.econbiz.de/10013051387
I propose a model of income redistribution in an open-economy environment. The world consists of a finite number of … income. While tax competition limits the extent to which redistribution is possible — as compared to the closed …
Persistent link: https://www.econbiz.de/10013021415
The Netherlands has a unique tradition in which all major Dutch political parties provide CPB Netherlands Bureau for Economic Policy Analysis with highly detailed proposals for the tax benefit system in every national election. This information allows us to quantitatively measure the...
Persistent link: https://www.econbiz.de/10012991936
evolution by enhancing the role of public capital as a redistribution and empowerment device. The governance of public capital …
Persistent link: https://www.econbiz.de/10012992603
We introduce permanently-shifting income shares into a standard growth model with two types of agents. Capital owners represent the top quintile of U.S. households while workers represent the remainder. Our tractable model allows us to exactly replicate the observed U.S. time paths of the top...
Persistent link: https://www.econbiz.de/10013315527