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There is still considerable dispute about the magnitude of labor supply elasticities. While differences in estimates especially between micro and macro models are recently attributed to frictions and adjustment costs, we show that the variation in elasticities derived from structural labor...
Persistent link: https://www.econbiz.de/10011813227
Empirical evidence on distributional preferences shows that people do not judge inequality as problematic per se but that they take the underlying sources of income differences into account. In contrast to this evidence, current measures of inequality do not adequately reflect these normative...
Persistent link: https://www.econbiz.de/10012172471
Equality of opportunity is an important normative ideal that concerns politicians and the larger public alike. In spite of its wide acceptance, current estimation approaches in the literature suffer from severe data restrictions that lead to biased estimates of inequality of opportunity. These...
Persistent link: https://www.econbiz.de/10012010163
European countries have the world's most redistributive tax and transfer systems. While they have been well equipped to deal with vertical inequality - that is, fostering redistribution from the rich to the poor - less is known about their performance in dealing with horizontal inequality, that...
Persistent link: https://www.econbiz.de/10011962206