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change in the Gini (based on consumption expenditure) by up to 0.03 points. Cross-country heterogeneity in this change is … large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as … large as the change in the standard Gini measure over the period of interest. …
Persistent link: https://www.econbiz.de/10011862889
-sectional income inequality, providing novel evidence for an "Intertemporal Great Gatsby Curve" in Germany. …
Persistent link: https://www.econbiz.de/10015448017
We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure … voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also … allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged. …
Persistent link: https://www.econbiz.de/10011568762
This paper examines the distributional implications of inflation on top income shares in 12 advanced economies using data over the period 1920-2016. We use Local Projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined...
Persistent link: https://www.econbiz.de/10012197609
This paper studies the effects of labour market reforms on the functional distribution of income in a DSGE model (Roeger et al., 2008) with skill differentiation, in which households supply three types of labour: low-, medium- and high-skilled. The households receive income from labour, tangible...
Persistent link: https://www.econbiz.de/10012118569
The highly dynamic nature of the COVID-19 crisis poses an unprecedented challenge to policy makers around the world to take appropriate income-stabilizing countermeasures. To properly design such policy measures, it is important to quantify their effects in real-time. However, data on the...
Persistent link: https://www.econbiz.de/10012383744
When measuring income inequality over long periods of time, accounting for population and productivity growth is … that the U-shaped inequality trend over the past century holds up, but with important qualifications. Using measures that …-term income inequality trends. …
Persistent link: https://www.econbiz.de/10011939792
The experimental literature on preferences for redistribution has established that individual perceptions of what earning distributions are fair depend greatly on context. In this paper, we study an important and novel dimension of context: whether the choice to redistribute occurs before...
Persistent link: https://www.econbiz.de/10015371965
Inequality often arises from strategic interactions among individuals. This is so because risky investments can not … of inequality shape fairness judgments and the level of redistribution in a controlled experiment with a total of 2 …,152 participants. We find significantly less inequality acceptance, and thus much more redistribution, under social risk. In addition …
Persistent link: https://www.econbiz.de/10015456318
tournament incentives. We find that pay inequality has a strong negative effect on perceived fairness. Controlling for pay … inequality, people consider piece rate schemes fairer than those with a discrete bonus and a tournament design in particular …
Persistent link: https://www.econbiz.de/10015414143