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conventional wisdom, rather than calling for more redistribution, the presence of this scale dependence provides a rationale for …. At an aggregate level, a rise in redistribution induces a compression effect on the distribution of pre-tax returns. In … the financial market, I identify general equilibrium trickle-up externalities that provide a force for more redistribution …
Persistent link: https://www.econbiz.de/10012499593
, the effectiveness of the electricity tariff as a redistribution device is questionable in the presence of a progressive … model predicts that electricity prices should be subsidised in the presence of purely income redistribution concerns, we … conservation as well as income redistribution. …
Persistent link: https://www.econbiz.de/10011892503
This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations. Hammond's (1979) "principle of taxation" proves that any...
Persistent link: https://www.econbiz.de/10010412846
pension benefit rule that is adopted. If this rule incorporates some implicit or explicit redistribution from healthy to … unhealthy individuals then the latter types are better off as a result of the pension system. In the absence of redistribution …
Persistent link: https://www.econbiz.de/10011761551
optimal income tax policy using theory and calibration. A positive association between life expectancy and income counteracts … the well-known static pattern of declining marginal utility. As a result, the mechanical value of redistribution is … effects of the mechanical value of redistribution dominate, and the optimal marginal tax rates fall by up to 10 percentage …
Persistent link: https://www.econbiz.de/10014382962
. Fiscal competition is associated with less income redistribution and a less equal distribution of disposable incomes, but …
Persistent link: https://www.econbiz.de/10009792220
Mobility of highly-skilled workers affects and is affected by labor market conditions, taxes, and other policies. This paper documents the demographic and fiscal importance of international migration, especially in aging societies, reviews the efficiency and distributional effects of mobility,...
Persistent link: https://www.econbiz.de/10010354844
and the extent of redistribution in democratic regimes - though such a link does not exist when objective measures of …
Persistent link: https://www.econbiz.de/10010366191
This paper analyzes long run outcomes resulting from adopting a binding minimum wage in a neoclassical model with perfectly competitive labour markets and capital accumulation. The model distinguishes between workers of heterogeneous ability and capitalists who do all the saving, and it entails...
Persistent link: https://www.econbiz.de/10010428828
), that higher levels of income inequality are associated with more terrorism. Consistent with relative deprivation theory, we … terrorism to voice dissent and achieve a redistribution of wealth. Furthermore, we provide evidence of an indirect effect of …
Persistent link: https://www.econbiz.de/10011444494