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Redistribution and insurance with simple tax instruments
Findeisen, Sebastian; Sachs, Dominik - 2015
provide a novel decomposition of labor income tax formulas into a redistribution and an insurance component. The latter is … capital tax is non-zero and trades off redistribution and insurance against savings distortions. Our quantitative results … bound on optimal taxes: even for welfare functions that do not value redistribution, marginal tax rates are positive for all …
Persistent link: https://www.econbiz.de/10011283108
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The paradox of redistribution revisited : and that it may rest in peace?
Marx, Ive; Salanauskaite, Lina; Verbist, Gerlinde - 2013
fact become a very weak one. For what it matters, targeting tends to be associated with higher levels of redistribution …
Persistent link: https://www.econbiz.de/10009753045
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Human capital mobility : implications for efficiency, income distribution, and policy
Wildasin, David E. - 2014
Mobility of highly-skilled workers affects and is affected by labor market conditions, taxes, and other policies. This paper documents the demographic and fiscal importance of international migration, especially in aging societies, reviews the efficiency and distributional effects of mobility,...
Persistent link: https://www.econbiz.de/10010358945
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Insurance, redistribution, and the inequality of lifetime income
Haan, Peter; Kemptner, Daniel; Prowse, Victoria - 2018
lifetime earnings risk. Based on a dynamic life-cycle model, we find that redistribution through the tax-and -transfer system …
Persistent link: https://www.econbiz.de/10011795062
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Income inequality and the size of government : a causal analysis
Guzi, Martin; Kahanec, Martin - 2018
Expansion of the public sector and redistributive policies may reduce income inequality, but formal tests suffer from the problem of endogeneity of government size with respect to the distribution of income. Studying 30 European countries over the period 2004-2015, we apply instrumental variable...
Persistent link: https://www.econbiz.de/10011955505
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Factor shares, redistribution and growth in a captured democracy
Vindigni, Andrea - 2024
A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
Persistent link: https://www.econbiz.de/10014461501
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Redistribution, horizontal inequity, and reranking: direct taxation in the UK, 1977-2020
Hérault, Nicolas; Jenkins, Stephen - 2023
We decompose the redistributive effect of direct taxes into vertical, horizontal, and reranking components applying the methods of Urban and Lambert (Public Finance Review, 2008). In the first such application to the UK, and using yearly data covering 1977-2020, we find that redistributive...
Persistent link: https://www.econbiz.de/10014423792
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Minimum wage and tolerance for high incomes
Fazio, Andrea; Reggiani, Tommaso - 2023
We suggest that stabilizing the baseline income can make low-wage workers more tolerant towards high income earners. We present evidence of this attitude in the UK by exploiting the introduction of the National Minimum Wage (NMW), which institutionally sets a baseline pay reducing the risk of...
Persistent link: https://www.econbiz.de/10014266908
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Inequality of opportunity and income redistribution
Preuß, Marcel; Reyes, Germán; Somerville, Jason; Wu, Joy - 2024
Support for redistribution depends on whether inequality stems from differences in performance or luck, but different … sources of luck may impact redistribution differentially. We elicit redistribution decisions from a U.S.-representative sample …
Persistent link: https://www.econbiz.de/10014582297
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The meritocratic illusion : inequality and the cognitive basis of redistribution
Blouin, Arthur; Mani, Anandi; Mukand, Sharun W.; Sgroi, … - 2024
social preferences for redistribution. Two separate experiments (one in the UK and the other in the USA) show that the elite …
Persistent link: https://www.econbiz.de/10014637340