Showing 1 - 10 of 2,178
We study the short and long run responses of income inequality to positive per capita oil and gas rent shocks in Iran. Using historical data from 1973 to 2012 and vector autoregression (VAR)-based impulse response functions, we find a positive and statistically significant response of income...
Persistent link: https://www.econbiz.de/10013315433
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
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
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
“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
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
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
This paper investigates the global macroeconomic consequences of country-specific oil-supply shocks. Our contribution is both theoretical and empirical. On the theoretical side, we develop a model for the global oil market and integrate this within a compact quarterly model of the global economy...
Persistent link: https://www.econbiz.de/10013021694
source of inequality and the cost of redistribution. We show that Americans and Norwegians differ significantly in fairness …
Persistent link: https://www.econbiz.de/10012963592
We examine whether individuals' experienced levels of income inequality affect their preferences for redistribution. We … their lives are less in favor of redistribution, after controlling for income, demographics, unemployment experiences and … inequality and reduce their demand for redistribution …
Persistent link: https://www.econbiz.de/10012964374