Showing 1 - 10 of 149
This paper surveys the empirical literature on the association between growth on inequality in less developed countries …, with a particular emphasis on labor market inequality. Crosscountry studies failed to find a clear link from growth to … inequality increases with growth. The paper argues that the methodologies used in many of the empirical applications, designed to …
Persistent link: https://www.econbiz.de/10011450868
How to explain rising income and wealth inequality? We build an original heterogeneous-agent model with three key features: (i) an explicit link between firm's market power and top income shares, (ii) a granular representation of the tax and transfer system, and (iii) three assets with...
Persistent link: https://www.econbiz.de/10013384710
This paper re-examines the link between globalization and income inequality. We use data for 140 countries over the period 1970-2014 and employ an IV approach to deal with the endogeneity of globalization measures. We find that the link between globalization and income inequality differs across...
Persistent link: https://www.econbiz.de/10011789164
This paper investigates inequality and intragenerational economic mobility in a developing country with large inequality. Understanding economic mobility is important because it shapes our perception of inequality. Despite its significance, evidence on intragenerational mobility, especially that...
Persistent link: https://www.econbiz.de/10013484931
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
partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … income data from the Luxembourg Income Study suggests that there is a negative relationship between growth and income …
Persistent link: https://www.econbiz.de/10011409838
Over the last decades, the United States has experienced a large increase in, both, income inequality and living standards. The workhorse models of optimal income taxation call for more redistribution as inequality rises. By contrast, living standards play no role for taxes and transfers in...
Persistent link: https://www.econbiz.de/10014551008
This paper studies the joint effect of fractionalization and inequality on the size of government. Within a political economy model of tax determination, I study the effect of voters with a group-based social conscience, so they care more about the well-being of those belonging to their own...
Persistent link: https://www.econbiz.de/10011508116
Taxes and cash transfers reduce income inequality more in France than elsewhere in the OECD, because of the large size of the flows involved. But the system is complex overall. Its effectiveness could be enhanced in many ways, for example so as to achieve the same amount of redistribution at...
Persistent link: https://www.econbiz.de/10009734840
The paper revisits the debate on trickle-down growth in view of the widely discussed evolution of the earnings and … model to dynamically evaluate whether economic growth triggered by an increase in public education expenditure on behalf of …
Persistent link: https://www.econbiz.de/10010417999