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If redistribution is distortionary, and if the income of skilled workers is due to knowledgeintensive activities and … reduction reduces statis inefficiency. On the other hand, standard redistribution also reduces the level of R and D because it … that standard redistribution always dominates limitations to IPRs. …
Persistent link: https://www.econbiz.de/10011415064
Tony Atkinson is universally celebrated for his outstanding contributions to the measurement and analysis of inequality …, but he never saw the study of inequality as a separate branch of economics. He was an economist in the classical sense …
Persistent link: https://www.econbiz.de/10011703653
and inequality. Finally, from the point of view of labor markets, by aiming to reduce perceived tax-wedges. This could be …
Persistent link: https://www.econbiz.de/10010229925
claimed that "the more we target benefits at the poor, the less likely we are to reduce poverty and inequality". The basic … 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
This paper uses a laboratory experiment to explore individuals' motivations for redistribution. The laboratory results … show that as income uncertainty diminishes, participants become more extreme in their preferences for redistribution. The … findings suggest that for most people, the motivation for redistribution is financial self-interest - namely as insurance …
Persistent link: https://www.econbiz.de/10011543750
This paper provides a novel justification for using a minimum wage to supplement an optimal tax-and-transfer system. We demonstrate that if labor supply decisions are concentrated along the intensive margin and employment is efficiently rationed, a minimum wage can be socially beneficial by...
Persistent link: https://www.econbiz.de/10010402108
inequality in the U.S. without generating much benefit in terms of lower crime rates. …
Persistent link: https://www.econbiz.de/10011455310
Understanding the exact connection between inequality and justice is important because justice is classically regarded … as the first line of defense against self-interest and inequality. Absent a strong and clear link between inequality and … justice, the sense of justice would not awaken to exert its moral suasion, no matter how great the inequality or how fast its …
Persistent link: https://www.econbiz.de/10011521090
analyzes the potential effects of fuel prices on poverty and inequality in Paraguay. Using microsimulation methods and based on … the Commitment to Equity framework, it estimates the impact of higher fuel prices on welfare, poverty, and inequality … more regressive in Paraguay. At the same time, the results of the simulations indicate small effects on income inequality. …
Persistent link: https://www.econbiz.de/10013541733
This paper provides an analysis of the social consequences of people seeking to keep up with the Joneses. All individuals attempt to reach a higher rank than the Joneses, including the Joneses themselves. This attitude gives rise to an equilibrium in which all individuals have equal utilities...
Persistent link: https://www.econbiz.de/10010528644