Showing 1 - 10 of 336
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/10012981509
actual income inequality. Using several unique measures of progressivity over the 1981-2005 period for a large panel of … countries, we find that progressivity reduces inequality in observed income, but has a significantly smaller impact on actual … inequality, approximated by consumption-based GINIs. We show empirically that the differential effect on observed vs. actual …
Persistent link: https://www.econbiz.de/10013099109
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/10013022644
Various countries have implemented transfer programs to individuals since the Covid-19 outbreaks. However, the extent to which such transfers alleviate economic recessions is unclear. This paper analyzes a South Korean program, which provided vouchers redeemable only at small local businesses....
Persistent link: https://www.econbiz.de/10012826242
This study measures the extent to which Seoul's COVID-19 shopping coupon program affects individuals' consumption. Unlike other COVID-19-related transfer programs, the Seoul Metropolitan government provides consumption coupons depending on income. We quantify the causal effect of Seoul's program...
Persistent link: https://www.econbiz.de/10013406860
This paper studies the political economy of a basic income (BI) versus a means tested welfare scheme. We show in a very simple setting that if society votes on the type of system, its generosity as well as the "severity" of means testing (if any), a BI system could only emerge in the political...
Persistent link: https://www.econbiz.de/10013016297
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/10013060628
There is clear evidence that fairness plays a role in redistribution. Individuals want to compensate others for their …
Persistent link: https://www.econbiz.de/10013134816
occupational wage inequality and their demand for redistribution. Most importantly, the framework explicitly allows for the … that subjective inequality measures and the demand for redistribution are substantially significant predictors of both …, they also prefer a lower level of overall wage inequality than what they perceive to exist. Consistent with previous …
Persistent link: https://www.econbiz.de/10013157028
We examine the relationship between immigration and attitudes toward redistribution using a newly assembled data set of … immigrants at the regional level, we find that native respondents display lower support for redistribution when the share of …
Persistent link: https://www.econbiz.de/10012870442