Showing 1 - 10 of 1,198
We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure … voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also … allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged …
Persistent link: https://www.econbiz.de/10012965708
. Using the coefficient of variation as the measure of inequality, bequests per se diminish the inequality of wealth since …, taxing bequests and redistributing government revenue lump-sum among the young generation further decreases wealth inequality …
Persistent link: https://www.econbiz.de/10013317577
then split joint benefits. We investigate how social preferences determine investments. In our experiment we find that even … the materially disadvantaged player cares more for social welfare than about inequality. Behavioral preferences of … disadvantaged players actually increase inequality. We also investigate when players give up an advantageous sharing rule. Power …
Persistent link: https://www.econbiz.de/10013316263
We study how the distribution of other-regarding preferences develops with age. Based on a set of allocation choices, we can classify each of 717 subjects, aged 8 to 17 years, as either egalitarian, altruistic, or spiteful. Varying the allocation recipient as either an in-group or an out-group...
Persistent link: https://www.econbiz.de/10013316068
To study how information about educational inequality affects public concerns and policy preferences, we devise survey … experiments in representative samples of the German population. Providing information about the extent of educational inequality … strongly increases concerns about educational inequality but only slightly affects support for equity-oriented education …
Persistent link: https://www.econbiz.de/10012908788
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
utilitarian justice concept appended with a safety net for the poorest. Another result is that people are willing to accept income …, in particular, if inequality is due to chance rather than effort. There are also significant differences in preferences …
Persistent link: https://www.econbiz.de/10013316175
easy-to-use toolbox. Our method extends standard linearization techniques and is designed to work in cases when inequality … factor-specific productivity shocks shape dynamics of income and consumption inequality …
Persistent link: https://www.econbiz.de/10012949333
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can … powerful buyer can trade with one of several sellers - an environment that can lead to pronounced inequality among the … inequality …
Persistent link: https://www.econbiz.de/10013000910
We study the welfare properties of a general equilibrium banking model with moral hazard that encompasses incentive mechanisms for bank risk-taking studied in a large partial equilibrium literature. We show that competitive equilibriums maximize welfare and yield an optimal level of banks' risk...
Persistent link: https://www.econbiz.de/10013086044