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This paper discusses what determines the preferences of individuals for redistribution. We review the theoretical literature and provide a framework to incorporate various effects previously studied separately in the literature. We then examine empirical evidence for the US, using the General...
Persistent link: https://www.econbiz.de/10003824787
"The goal of scientific work is to understand more and more by less and less. In this effort, theoretical unification plays a large part. There are two main types of theoretical unification -- unification of different theories of the same field of phenomena and unification of theories of...
Persistent link: https://www.econbiz.de/10003460687
reforms on equity and efficiency for the case of Germany. We find that a flat rate tax with a low tax rate and a low basic … allowance. But in this case the efficiency gains vanish. We conclude that, due to their limited efficiency effects and their … tax reform ; equity ; efficiency ; distribution ; welfare …
Persistent link: https://www.econbiz.de/10003578894
theory of social justice: the principles of compensation and reward. Ex-ante and ex-post versions of the compensation …
Persistent link: https://www.econbiz.de/10010510602
Income differences arise from many sources. While some kinds of inequality, caused by effort differences, might be associated with faster economic growth, other kinds, arising from unequal opportunities for investment, might be detrimental to economic progress. We construct two new metadata...
Persistent link: https://www.econbiz.de/10010364975
The theoretical literature on inequality of opportunity formulates basic properties that measures of inequality of opportunity should have. Standard methods for the measurement of inequality of opportunity require the construction of counterfactual outcome distributions through statistical...
Persistent link: https://www.econbiz.de/10011408189
The complementarity between wage setting and welfare spending can explain how almost equally rich countries differ in economic and social equality among their citizens. More wage equality increases the welfare generosity via political competition in elections. A more generous welfare state fuels...
Persistent link: https://www.econbiz.de/10009536488
A growing literature has tried to measure the extent to which individuals have equal opportunities to acquire income. At the same time, policy makers have doubled down on efforts to go beyond income when measuring well- being. We attempt to bridge these two areas by measuring the extent to which...
Persistent link: https://www.econbiz.de/10011716166
worse-off - is consistent with the normative theory of equality of opportunity. We show that there are inherent tensions … aversion. The precise nature of the compromises depends on the specific variant of the theory of equality of opportunity that …
Persistent link: https://www.econbiz.de/10012431403
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 who observe worker earnings and whether luck...
Persistent link: https://www.econbiz.de/10014582297