Showing 1 - 10 of 1,010
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
We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle in-come...
Persistent link: https://www.econbiz.de/10012231585
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
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
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 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 … fractionalization and group antagonism reduce the support for redistribution. Whereas within group inequality increases support for … redistribution, inequality between groups have the opposite effect. All these results hold even if a poor group is in majority. Using …
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 …
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
Are competitive mechanisms perceived as just sources of economic inequality? Perceptions of fairness violations can … powerful buyer can trade with one of several sellers- an environment that can lead to pronounced inequality among the … inequality. …
Persistent link: https://www.econbiz.de/10011405188