Showing 1 - 10 of 34
biased estimates of inequality of opportunity. These shortcomings may be particularly pronounced for emerging economies in … extent of upward and downward bias in inequality of opportunity estimates for a set of twelve emerging economies. Our … findings suggest strongly downward biased estimates of inequality of opportunity in these countries. To the contrary, there is …
Persistent link: https://www.econbiz.de/10012609168
debate by proposing a new family of measures of unfair inequality. To do so, we acknowledge that inequality is not bad per se … fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … empirical applications provide important new insights on the development of unfair inequality both over time (in the US) and …
Persistent link: https://www.econbiz.de/10011874411
This paper applies multidimensional affluence measures to a new dataset on income and wealth in 15 Eurozone countries. We start our analysis by examining the income and wealth distributions separately for each country, and extend it to a multidimensional setting by considering the joint...
Persistent link: https://www.econbiz.de/10011288530
We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades … distribution of annual earnings in Germany. We find that cross-sectional inequality rose until 2009 for men and women. After the … Great Recession inequality continued to rise at a slower rate for men and fell slightly for women due to compression at the …
Persistent link: https://www.econbiz.de/10013168056
The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...
Persistent link: https://www.econbiz.de/10009545267
Debt-to-GDP ratios have grown to unprecedented levels in many industrialized economies. This requires disciplined consolidation efforts which are, however, supposed to come now at the wrong time with the economic recovery being fragile. Against this background, we call for a global debt brake...
Persistent link: https://www.econbiz.de/10009522510
We analyze different alternatives how a common unemployment insurance system for the euro area (EA) could be designed and assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the...
Persistent link: https://www.econbiz.de/10010423760
The current debt crisis has given rise to a debate about deeper fiscal integration in Europe. The view is widespread that moving towards a 'fiscal union' would have a stabilising effect in the event of macroeconomic shocks. In this paper we study the economic effects of introducing two elements...
Persistent link: https://www.econbiz.de/10009667120
. However, they result in higher inequality and polarisation. Flat rates necessary to keep the inequality levels unchanged allow …
Persistent link: https://www.econbiz.de/10003759350
Liberal British or the Southern Greek financing system increases inequality and poverty, as well as labour supply incentives …. The introduction of the Social-democratic Danish financing system decreases inequality of incomes, but does not …
Persistent link: https://www.econbiz.de/10003831890