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Why do low-income individuals often oppose redistribution? We hypothesize that an aversion to being in "last place …" undercuts support for redistribution, with low-income individuals punishing those slightly below themselves to keep someone …
Persistent link: https://www.econbiz.de/10013122222
rates, inequality, and income redistribution. We also extend that model to incorporate social preferences in the form of … altruism and inequality aversion. The experiment varies the amount of inequality and the collective choice procedure to … directions implied by altruism or inequality aversion …
Persistent link: https://www.econbiz.de/10013225000
efficiency losses without achieving any net redistribution of income …
Persistent link: https://www.econbiz.de/10013139299
The purpose of the present note is to explore the structure of optimal income taxation/redistribution in an economy …, of course, an additional incentive for income redistribution from wealthy to poor citizens is created and the logical …
Persistent link: https://www.econbiz.de/10013226590
? This article demonstrates that redistribution accomplished through legal rules is systematically less efficient than … redistribution accomplished through the income tax system -- even though the latter distorts incentives to work. In particular. a …
Persistent link: https://www.econbiz.de/10013213430
The federal income tax and major welfare programs do not take into account significant cost-of-living variations among regions. This article considers what adjustments might be appropriate in light of the distributive purposes of tax and welfare systems and concerns about the efficiency of the...
Persistent link: https://www.econbiz.de/10013242909
What are the most efficient means of redistribution in an unequal economy? We answer this question by characterizing … changing household preferences, the distribution of ability, the planner’s preference for redistribution, as well as to …
Persistent link: https://www.econbiz.de/10014094803
Different beliefs about how fair social competition is and what determines income inequality, influence the … their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited … income inequality and choices of redistributive policies …
Persistent link: https://www.econbiz.de/10013134300
The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forward-looking voter model to a broad range of dynamic, non-concave income...
Persistent link: https://www.econbiz.de/10013074913
Even relatively poor people oppose high rates of redistribution because of the anticipation that they or their children … in large-scale expropriation and highly progressive redistribution. But is it compatible with everyone -- especially the …
Persistent link: https://www.econbiz.de/10013218092