Narrow search
Showing 1 - 10 of 2,387
Cover Image
Why are the Critics so Convinced that Globalization is Bad for the Poor?
Aisbett, Emma - 2005
Proponents of globalization often conclude that its critics are ignorant or self-motivated. In doing so, they have missed a valuable opportunity to discover both how best to communicate the benefits of globalization, and how to improve on the current model of globalization. This paper examines...
Persistent link: https://www.econbiz.de/10012467621
Cover Image
Capital and Wealth in the 21st Century
Weil, David N. - 2015
In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300...
Persistent link: https://www.econbiz.de/10012457747
Cover Image
The Rise and Decline of General Laws of Capitalism
Acemoglu, Daron; Robinson, James A. - 2014
Thomas Piketty's (2014) book, Capital in the 21st Century, follows in the tradition of the great classical economists, like Marx and Ricardo, in formulating general laws of capitalism to diagnose and predict the dynamics of inequality. We argue that general economic laws are unhelpful as a guide...
Persistent link: https://www.econbiz.de/10012457900
Cover Image
Horizontal Equity : New Measures, Unclear Principles
Kaplow, Louis - 2000
Alan Auerbach and Kevin Hassett offer a new measure of horizontal equity (HE) that is designed to overcome deficiencies in prior indexes. There is, however, a fundamental problem that their effort shares with their predecessors' attempts: the underlying rationale for pursuing HE at the expense...
Persistent link: https://www.econbiz.de/10012471118
Cover Image
You've Earned It : Combining Field and Lab Experiments to Estimate the Impact of Human Capital on Social Preferences
Jakiela, Pamela - 2010
We combine data from a field experiment and a laboratory experiment to measure the causal impact of human capital on respect for earned property rights, a component of social preferences with important implications for economic growth and development. We find that higher academic achievement...
Persistent link: https://www.econbiz.de/10012462208
Cover Image
The Equality Multiplier
Barth, Erling - 2009
Equality can multiply due to the complementarity between wage determination and welfare spending. A more equal wage distribution fuels welfare generosity via political competition. A more generous welfare state fuels wage equality further via its support to weak groups in the labor market....
Persistent link: https://www.econbiz.de/10012463573
Cover Image
Preferences for Redistribution
Alesina, Alberto F. - 2009
examine empirical evidence for the US, using the General Social Survey, and for a large set of countries, using the World …
Persistent link: https://www.econbiz.de/10012463822
Cover Image
Socially Optimal Coordination : Characterization and Policy Implications
Angeletos, George-Marios - 2006
In recent years there has been a growing interest in macro models with heterogeneity in information and complementarity in actions. These models deliver promising positive properties, such as heightened inertia and volatility. But they also raise important normative questions, such as whether...
Persistent link: https://www.econbiz.de/10012465884
Cover Image
Belief in a Just World and Redistributive Politics
Benabou, Roland - 2005
maintain, and pass on to their children, a view of the world where effort ultimately pays off and everyone gets their just … deserts. This paper offers a model that helps explain: i) why most people feel such a need to believe in a "just world"; ii … by a high prevalence of just-world beliefs among the population and relatively laissez-faire policies. The other …
Persistent link: https://www.econbiz.de/10012467477
Cover Image
Fairness and Redistribution : U.S. versus Europe
Alesina, Alberto - 2003
Different beliefs about how fair social competition is and what determines income inequality, influence the redistributive policy chosen democratically in a society. But the composition of income in the first place depends on equilibrium tax policies. If a society believes that individual effort...
Persistent link: https://www.econbiz.de/10012469200