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Using a household production model of educational choices, we characterise a free market situation in which some agents (high wagers) educate their children full-time and spend a sizable amount of resources on them, while others (low wagers) educate them only partially. The free-market...
Persistent link: https://www.econbiz.de/10010496107
"blunt instrument" for redistribution. To delve deeper in this issue we build models in which workers are heterogeneous in … unemployment benefits). In the second model, the government engages in redistribution through the public provision of private goods …-kind redistribution, and (iii) the MW institution is politically viable only when there is a limited degree of in-kind redistribution …
Persistent link: https://www.econbiz.de/10011669528
We show that a transfer targeting a minority of the population is sustained by majority voting, however small the minority targeted, when the probability to receive the transfer is decreasing and concave in income. We apply our framework to the French social housing program and obtain that...
Persistent link: https://www.econbiz.de/10010384383
Most equivalence scales which are applied in research on poverty and inequality do not depend on income, although there … differing assessments of poverty and inequality under quite general conditions. German microdata will be used to demonstrate and …
Persistent link: https://www.econbiz.de/10011374211
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
so as to achieve the same amount of redistribution at lower cost. The French tax code should be simplified and changed … transfers ; income inequality ; redistribution …
Persistent link: https://www.econbiz.de/10009734840
We study how measures of socioeconomic health inequality inform about welfare inequality. We argue that transfers of either income or health from a better off to a worse off individual should reduce welfare inequality. Lacking an objective measure of individual welfare, we suggest that such a...
Persistent link: https://www.econbiz.de/10015057694
. The standard theory assumes that more unequal income distribution will create a majority for more redistribution (Meltzer … structure in decentralized government in Norway. The choice of revenue instruments studied involves user charges and property …
Persistent link: https://www.econbiz.de/10011399685
Norway. We introduce a new experimental approach, which combines the infrastructure of an international online market place … source of inequality and the cost of redistribution. We show that Americans and Norwegians differ significantly in fairness …
Persistent link: https://www.econbiz.de/10011587516
Denmark has drawn much attention for its active labor market policies, but is almost unique in offering a voluntary …; redistribution effects would be concentrated among the previously uninsured in the lowest decile of the income distribution, a …
Persistent link: https://www.econbiz.de/10010475335