Showing 1 - 10 of 497
, growth and social mobility than under political regimes supported by the rich; pre-tax inequality is greater in the former …
Persistent link: https://www.econbiz.de/10013317185
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/10013060457
The paper uses a veil of ignorance approach and income distribution data of developed countries to arrive at inequality …
Persistent link: https://www.econbiz.de/10013092158
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