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Should income inequality be praised? : multiple public goods provision, income distribution and social welfare

Itaya, Jun-ichi; Mizushima, Atsue - 2016

We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a single pure public good model. In contrast, we show that...

Persistent link: https://www.econbiz.de/10011568762

Equity and efficiency when needs differ

Berg, Kristoffer; Håvarstein, Morten; Piacquadio, Paolo G. - 2024

There is no consensus on how to measure social welfare and inequality when households have different needs. As we show, a dilemma emerges between holding households responsible for their needs or compensating them. This dilemma is of first-order importance for social welfare, but generally plays...

Persistent link: https://www.econbiz.de/10015052572

Inequity aversion, welfare measurement and the Gini index

Schmidt, Ulrich; Wichardt, Philipp C. - 2018

Over the last decades, research in behavioural economics has demonstrated that individual welfare (utility), as relevant for economic decision making, depends not only on absolut but also on distributional aspects. Moreover, evidence is gathering that something similar holds for aggregate...

Persistent link: https://www.econbiz.de/10011845317

Political capitalism : the interaction between income inequality, economic freedom and democracy

Krieger, Tim; Meierrieks, Daniel - 2015

In this contribution we study the relationship between income inequality and economic freedom for a panel of 100 … economic freedom, while causation does not run in the opposite direction. We argue that the negative effect of inequality on … resources. The elite uses this power to curtail economic freedom to defend its economic interests by discouraging innovation …

Persistent link: https://www.econbiz.de/10011411131

Does liberté

Grâdšṭayn, Marq; Milanović, Branko - 2000

The relationship between the distribution of political rights and that of economic resources has been studied both theoretically and empirically. This paper reviews the existing literature and, in particular, the available empirical evidence.Our reading of the literature suggests that formal...

Persistent link: https://www.econbiz.de/10009781532

The trade-off between intra- and intergenerational equity in climate policy

Kverndokk, Snorre; Nævdal, Eric; Nøstbakken, Linda - 2013

This paper focuses on two equity dimensions of climate policy, intra- and intergenerational equity, and analyzes the implications of equity preferences on climate policy, and on the production and consumption patterns in rich and poor countries. We develop a dynamic two-region model, in which...

Persistent link: https://www.econbiz.de/10009754514

Behind the support for redistributive politics : social preferences or beliefs?

Brañas-Garza, Pablo; Cabrales, Antonio; Espinosa, … - 2024

In this paper we explore how individual social preferences correlate with political support for redistribution. We ran an incentivized experiment with a large representative sample of the Spanish population. Our participants took six decisions that elicited their social preferences. Their...

Persistent link: https://www.econbiz.de/10014632365

Taxes and employment subsidies in optimal redistribution programs

Beaudry, Paul; Blackorby, Charles; Szalay, Dezsö - In: The American economic review 99 (2009) 1, pp. 216-242

Persistent link: https://www.econbiz.de/10003825421

Resisting migration : wage rigidity and income distribution

Razin, Asaf - In: The American economic review 85 (1995) 2, pp. 312-316

Persistent link: https://www.econbiz.de/10001188984

Efficiency, equity, and generalized lorenz dominance

Kleiber, Christian; Kraemer, Walter - 2000

We decompose the generalized Lorenz order into a size and a distribution component. The former is represented by stochastic dominance, the latter by the standard Lorenz order. We show that it is always possible, given generalized Lorenz dominance between two distributions F and G, to find...

Persistent link: https://www.econbiz.de/10009781624

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