Showing 1 - 10 of 213
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
sometimes even contribute slightly positive to inequality. On the contrary, here taxes and social contributions are by far the …
Persistent link: https://www.econbiz.de/10003906234
Recent discussions about rising inequality in industrialized countries have triggered calls for more government intervention and redistribution. Due to obvious behavioral effects caused by redistribution, it is however not clear whether redistributional policies are indeed able to combat...
Persistent link: https://www.econbiz.de/10009536424
This paper explores if more generous social spending polices in fact lead to less income inequality, or if redistributive outcomes are offset by behavioral disincentive effects. To account for the inherent endogeneity of social policies with regard to inequality levels, I apply the System GMM...
Persistent link: https://www.econbiz.de/10009007489
Does the association between household characteristics and household CO2 emissions differ for different areas such as home energy, transport, indirect and total emissions in the UK? Specific types of households might be more likely to have high emissions in some areas than in others and thus be...
Persistent link: https://www.econbiz.de/10009713124
, and to offset their weaknesses by purchasing adequate goods on the market. Absent trade, people must allocate their time … of natural selection are made weaker because trade allows people to specialize in those activities where they are strong … alleles at all locations. Under trade, there exist long-run equilibria where less fit individuals are able to achieve the same …
Persistent link: https://www.econbiz.de/10011414433
This paper develops a tractable human capital model with limited enforceability of contracts. The model economy is populated by a large number of long-lived, risk-averse households with homothetic preferences who can invest in risk-free physical capital and risky human capital. Households have...
Persistent link: https://www.econbiz.de/10011476545
We use data from the Survey of Consumer Finance and Survey of Income Program Participation to show that young households with children are under-insured against the risk that an adult member of the household dies. We develop a tractable macroeconomic model with human capital risk, age-dependent...
Persistent link: https://www.econbiz.de/10011308568
We introduce a general framework to analyze the trade-off between education and family size. Our framework incorporates …-quality trade off. …
Persistent link: https://www.econbiz.de/10009755988
We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross-section data and can allow for mixtures of...
Persistent link: https://www.econbiz.de/10009521261