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Political capitalism : the interaction between income inequality, economic freedom and democracy
Krieger, Tim; Meierrieks, Daniel - 2015
In this contribution we study the relationship between income inequality and economic freedom for a panel of 100 … economic freedom, while causation does not run in the opposite direction. We argue that the negative effect of inequality on … resources. The elite uses this power to curtail economic freedom to defend its economic interests by discouraging innovation …
Persistent link: https://www.econbiz.de/10011411131
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Political repression and child labor : theory and empirical evidence
Maffei, Sandro; Raabe, Nikolai; Ursprung, Heinrich W. - 2004
more lenient and child labor thus more prevalent than in countries enjoying political freedom. We test this implication and …
Persistent link: https://www.econbiz.de/10011451064
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Does liberté
Grâdšṭayn, Marq; Milanović, Branko - 2000
The relationship between the distribution of political rights and that of economic resources has been studied both theoretically and empirically. This paper reviews the existing literature and, in particular, the available empirical evidence.Our reading of the literature suggests that formal...
Persistent link: https://www.econbiz.de/10009781532
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On the elasticity of substitution between labor and ICT and IP capital and traditional capital
Jerbashian, Vahagn - 2022
I estimate CES aggregate production functions for the US, the UK, Japan, Germany, and Spain using data from the EU KLEMS database. I distinguish between three types of capital: information and communication technologies (ICT), intellectual property (IP) capital, and traditional capital. I assume...
Persistent link: https://www.econbiz.de/10013390934
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Do civil and political repression really boost foreign direct investments?
Harms, Philipp; Ursprung, Heinrich W. - 2001
, multinational enterprises rather appear to be attracted by countries in which civil and political freedom is respected. Our finding …
Persistent link: https://www.econbiz.de/10011397998
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Language rights : a welfare-economics approach
Wickström, Bengt-Arne - 2015
Distributions of language rights in multilingual settings are analyzed from a normative viewpoint in this chapter. If the cost structure of providing rights is concave in the number of beneficiaries, then a critical-mass criterion for the determination of an optimal rights structure results. It...
Persistent link: https://www.econbiz.de/10011309548
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Justice under uncertainty
Cettolin, Elena; Riedl, Arno - 2013
An important element for the public support of policies is their perceived justice. At the same time most policy choices have uncertain outcomes. We report the results of a first experiment investigating just allocations of resources when some recipients are exposed to uncertainty. Although,...
Persistent link: https://www.econbiz.de/10009766681
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A fairness justification of utilitarianism
Piacquadio, Paolo G. - 2016
Differences in preferences are important to explain variation in individuals' behavior. There is however no consensus on how to take these differences into account when evaluating policies. While prominent in the economic literature, the standard utilitarian criterion faces two major...
Persistent link: https://www.econbiz.de/10011434634
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Fair intergenerational utilitarianism : risk, its resolution over time, and discounting
Piacquadio, Paolo Giovanni - 2014
The paper reexamines the welfare economics of intergenerational risk. Risk and its resolution over time are modeled as a decision tree: in each period, the consumption of the current one-period living generation is to be traded-off against uncertain benefits of future generations; as time...
Persistent link: https://www.econbiz.de/10010467848
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Unemployment in a just economy
Komlos, John - 2016
This paper is based on the ideas of political philosopher John Rawls who suggested that a just society is one which would be created behind a "veil of ignorance", that is to say, without knowing where one would end up in the society's distribution of talent and other attributes valued in the...
Persistent link: https://www.econbiz.de/10011497927