Showing 1 - 10 of 39
We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades …. Combining personal income tax and social security data allows us - for the first time - to offer a complete picture of the … German labor market and increasing labor supply. In the second part of the paper, we study the distribution of total income …
Persistent link: https://www.econbiz.de/10012886897
effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and … pronounced for middle-age households and those higher in the wealth and income distributions. This contrasts with income shocks …, which are stronger for younger households and those in lower income and wealth quintiles. Expectations about household …
Persistent link: https://www.econbiz.de/10012206687
I study the optimal taxation of robots and labor income. In the model, robots substitute for routine labor and …. The robot tax exploits general-equilibrium effects to compress the wage distribution. Wage compression reduces income …
Persistent link: https://www.econbiz.de/10011926330
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 introduce permanently-shifting income shares into a standard growth model with two types of agents. Capital owners … replicate the observed U.S. time paths of the top quintile income share, capital’s share of income, and key macroeconomic …
Persistent link: https://www.econbiz.de/10011343080
We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor … result, high mobility can be associated with an increase or a decrease in overall income inequality. …
Persistent link: https://www.econbiz.de/10010227190
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in order to stabilize labor incomes and redistribute resources. It proposes a specific stylized model where the tradeoffs facing labor policies are influenced by structural factors,...
Persistent link: https://www.econbiz.de/10010199422
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
We show that a recent appendix to the Gini-coefficient to make the latter more sensitive to asymmetric income … distributions can be viewed as an abstract measure of skewness. We develop some of its properties and apply it to the US-income …
Persistent link: https://www.econbiz.de/10011497895
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...
Persistent link: https://www.econbiz.de/10011499894