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We use a range of data sources to assess if, and to what extent, government redistribution policies have slowed or accelerated the trend towards greater income disparities in the past 20-25 years. In most countries, inequality among “non-elderly” households has widened during most phases of...
Persistent link: https://www.econbiz.de/10009489305
We study the effect of power sharing over income redistribution among different socio-economic groups in a model of redistributive politics with fairness concern. We prove that a unique pure-strategy equilibrium exists under fairly general conditions; and we show that equilibrium transfers...
Persistent link: https://www.econbiz.de/10011563113
Income inequality is rising but there seems to be no clear-cut effect on redistribution preferences, which is inconsistent with expectations of individual utility maximization. To explain this puzzle, recent research focuses on other-regarding motives. This study follows prior theorization...
Persistent link: https://www.econbiz.de/10012107524
We re-analyze the major explanations of redistribution including the Meltzer-Richard (MR) model, power resources theory (PRT), the Iversen-Soskice political institutions explanation, Lupu and Ponstusson's wage inequality skew, along with works suggesting other causes, such as immigration. The...
Persistent link: https://www.econbiz.de/10014455280
This article analyzes the determinants of market income distribution and governmental redistribution. The dependent variables are LIS data on market income inequality (measured by the Gini index) for households with a head aged 25 to 59 and the percent reduction in the Gini index by taxes and...
Persistent link: https://www.econbiz.de/10010226099
This paper explores common trends in inequality and redistribution across OECD countries from the late 1980s to 2013. Low‐end inequality rises during economic downturns while rising top‐end inequality is associated with economic growth. Most countries retreated from redistribution from the...
Persistent link: https://www.econbiz.de/10011585191
Persistent link: https://www.econbiz.de/10003407695
Persistent link: https://www.econbiz.de/10003335852
The paper investigates the effectiveness of the median voter as a decisive agent in the process of redistribution. According to the previous literature, it tests several assumptions finding interesting results: The positive relation between inequality and redistribution is confirmed, but the...
Persistent link: https://www.econbiz.de/10003881703
One of the most frequent critiques of the HDI is that is does not take into account inequality within countries in its three dimensions. In this paper, we apply a simply approach to compute the three components and the overall HDI for quintiles of the income distribution. This allows a...
Persistent link: https://www.econbiz.de/10003881719