Showing 1 - 10 of 150
greater wealth inequality. …
Persistent link: https://www.econbiz.de/10011392586
While standard political economy theories suggest a moderating effect of democratization on income inequality … first, that prevailing ideology may be an important determinant of inequality and, second, that the democratization effect … income groups, hence democratization may have only a negligible effect on inequality. On the other hand, in societies where …
Persistent link: https://www.econbiz.de/10011397917
Various markets ban or heavily restrict monetary transfers. This is often motivated by moral concerns. However, it appears to be disputable whether the observed restrictions on transfers are the appropriate market design answer to these concerns. Instead of exogenously restricting transfers on a...
Persistent link: https://www.econbiz.de/10010519953
these differences in cost-of-living. In this paper, we study consumption inequality in India, while fully allowing for non … significantly overestimate the rise in real inequality. Moreover, we show that the allowance for non-homotheticity is quantitatively … inequality when there is segregation in consumption / production, by which we mean that people's consumption patterns are skewed …
Persistent link: https://www.econbiz.de/10011421580
In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship … between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … bear a complex and non-linear relationship if policy makers try to impact on one (say, inequality) by influencing the other …
Persistent link: https://www.econbiz.de/10010531112
Economic growth is propelled in part by the accumulation of different kinds of capital, including social capital in its several guises. This paper considers the interplay between financial crises and various aspects of social capital which, if it is allowed to depreciate, can undermine economic...
Persistent link: https://www.econbiz.de/10011288794
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/10011343080
Our goal is to examine the income inequality and welfare effects of the direct distribution of resource rents and … rents-induced inequality. …
Persistent link: https://www.econbiz.de/10010361509
We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … relationship between mobility and inequality is complex. For example, a reduction in the interest rate and an increase in the wage … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor …
Persistent link: https://www.econbiz.de/10010227190
This paper presents the properties of optimal piecewise linear tax systems for two-earner households, based on joint and individual incomes respectively. A key contribution is the analysis of the interaction between second earner wage differences, variation in the price of child care and...
Persistent link: https://www.econbiz.de/10010229858