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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
This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014390535
which this ratio increases coincide with those in which Democrats rule the government and there is more redistribution from … the power are characterized by a fall in the ratio and less redistribution from the rich to the rest of the population …
Persistent link: https://www.econbiz.de/10011913675
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
policy makers in emerging and developing countries in particular. -- Brazil ; inequality ; poverty ; redistribution …
Persistent link: https://www.econbiz.de/10003388216
We study the design of child-care policies when redistribution matters. Traditional mothers provide some informal child … redistribution across couples and efficiency are separable. Redistribution is performed via lump-sum transfers and taxes which are … care at a Pigouvian rate. However, in a second-best setting, a trade-off between efficiency and redistribution emerges. The …
Persistent link: https://www.econbiz.de/10012129857
This paper holistically addresses the effective (relative) income tax contribution of a given in-come (or, wealth) group. The widely acclaimed standard in public policy is the absolute benefaction of a given income group in filling up the fiscal coffers. Instead, we focus on the ratio of the...
Persistent link: https://www.econbiz.de/10011731886
We use a range of data sources to assess if, and to what extent, government redistribution policies have slowed or … redistribution systems in place, greater inequality automatically leads to more redistribution, even if no policy action is taken. We … redistribution. Between the mid-1990s and the mid-2000s, the redistributive strength of tax-benefit systems then weakened in many …
Persistent link: https://www.econbiz.de/10009488409
In "The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment," Acemoglu and Restrepo (2018b) combine the task-based model of the labor market with an endogenous growth model to model the economic consequences of artificial intelligence (AI). This...
Persistent link: https://www.econbiz.de/10012517812
The economic impact of Articial Intelligence (AI) is studied using a (semi) endogenous growth model with two novel features. First, the task approach from labor economics is reformulated and integrated into a growth model. Second, the standard representative household assumption is rejected, so...
Persistent link: https://www.econbiz.de/10012266990