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Democracy, Redistribution and Inequality

Acemoglu, Daron; Robinson, James Alan; Restrepo, Pascual; … - 2013

In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … to be realized when democracy is captured by the richer segments of the population; when it caters to the preferences of …

Persistent link: https://www.econbiz.de/10012458917

Theoretical Models of Inequality Transmission across Multiple Generations

Solon, Gary - 2013

Existing theoretical models of intergenerational transmission of socioeconomic status have strong implications for the association of outcomes across multiple generations of a family. These models, however, are highly stylized and do not encompass many plausible avenues for transmission across...

Persistent link: https://www.econbiz.de/10012459872

Sorting and Long-Run Inequality

Fernandez, Raquel - 2000

Many social commentators have raised concerns over the possibility that increased sorting in a society can lead to greater inequality. To investigate this we construct a dynamic model of intergenerational education acquisition, fertility, and marital sorting and parameterize the steady state to...

Persistent link: https://www.econbiz.de/10012471268

Roots of Inequality

Galor, Oded; Klemp, Marc P. B.; Wainstock, Daniel C. - National Bureau of Economic Research - 2023

Why does inequality vary across societies? We advance the hypothesis that in a market economy, where earning differentials reflect variations in productive traits, a significant component of the differences in income inequality across societies can be attributed to variation in societal...

Persistent link: https://www.econbiz.de/10014337813

Russian Inequality on the Eve of Revolution

Nafziger, Steven - 2012

Just how unequal were the incomes of different classes of Russians on the eve of Revolution, relative to other countries, to Russia's earlier history, and to Russia's income distribution today? Careful weighing of an eclectic data set provides provisional answers. We provide detailed income...

Persistent link: https://www.econbiz.de/10012460276

The Effects of Income Mobility and Tax Persistence on Income Redistribution and Inequality

Agranov, Marina - 2016

experiment is conducted to test the main comparative static predictions of the theory, and the results are generally supportive …

Persistent link: https://www.econbiz.de/10012455921

Changing Opportunity : Sociological Mechanisms Underlying Growing Class Gaps and Shrinking Race Gaps in Economic Mobility

Chetty, Raj; Dobbie, Will; Goldman, Benjamin; Porter, Sonya - National Bureau of Economic Research - 2024

We show that intergenerational mobility changed rapidly by race and class in recent decades and use these trends to study the causal mechanisms underlying changes in economic mobility. For white children in the U.S. born between 1978 and 1992, earnings increased for children from high-income...

Persistent link: https://www.econbiz.de/10014635660

The New Keynesian Transmission Mechanism : A Heterogenous-Agent Perspective

Broer, Tobias - 2016

We argue that a 2-agent version of the standard New Keynesian model--where a "worker" receives only labor income and a "capitalist" only profit income-- offers insights about how income inequality affects the monetary transmission mechanism. Under rigid prices, monetary policy affects the...

Persistent link: https://www.econbiz.de/10012456259

A Schumpeterian Model of Top Income Inequality

Jones, Charles I. - 2014

Top income inequality rose sharply in the United States over the last 35 years but increased only slightly in economies like France and Japan. Why? This paper explores a model in which heterogeneous entrepreneurs, broadly interpreted, exert effort to generate exponential growth in their incomes....

Persistent link: https://www.econbiz.de/10012458028

Intrahousehold Inequality

Chiappori, Pierre-André - 2014

Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household...

Persistent link: https://www.econbiz.de/10012458473