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Inequality and household finance during the consumer age

Cynamon, Barry Z.; Fazzari, Steven M. - 2013

One might expect that rising US income inequality would reduce demand growth and create a drag on the economy because … higher-income groups spend a smaller share of income. But during a quarter century of rising inequality, US growth and … inequality could be one explanation for the stagnant recovery in the recession's aftermath. …

Persistent link: https://www.econbiz.de/10010318662

The taxation of trades in assets

Citanna, A.; Polemarchakis, H. M.; Tirelli, M. - 2001

When the asset market is incomplete, there typically exist taxes on trades in assets and a redistribution of revenue in the asset market that are Pareto improving. The policy is anonymous, it economizes on complexity, and it results in ex post Pareto optimal allocations; it is publicly announced...

Persistent link: https://www.econbiz.de/10010318989

Social mobility in Latin America: A review of existing evidence

Azevedo, Viviane; Bouillon, César P. - 2009

This paper reviews evidence on social mobility in Latin America. Several studies have used data sets that collect intergenerational socio economic information. The data, though limited, suggest that social mobility is low in the region, even when compared with low social mobility developed...

Persistent link: https://www.econbiz.de/10010278279

Relative advantage, queue jumping, and welfare maximizing wealth distribution

Coram, Alex; Noakes, Lyle - 2006

have unexpected properties. In some circumstances it requires that inequality be maximized at the poorest and richest ends …

Persistent link: https://www.econbiz.de/10010287838

Predation, Efficiency, and Inequality

Grossman, Herschel I.; Kim, Minseong - 2002

This paper analyzes a general-equilibrium model in which each person can choose to be either a producer or a predator. This model shows how predation breaks the link between the interpersonal distribution of productive resources and the interpersonal distribution of consumption. SpeciÞcally, we...

Persistent link: https://www.econbiz.de/10010420244

Spending responses to state sales tax holidays

Agarwal, Sumit; McGranahan, Leslie - 2012

Every year over 20 states offer sales tax holidays (STHs) on specific items like clothes, shoes and other items to encourage consumption, effecting over 100 million consumers. We use a unique dataset of credit cards transaction to study the spending response to these holidays. Using a...

Persistent link: https://www.econbiz.de/10010292191

The Impact of Price Reductions on Individuals' Choice of Healthy Meals Away from Home

Nordström, Jonas; Thunström, Linda - 2013

Food high in energy but low in nutritional value is an important contributor to several serious illnesses, and one type of food that is particularly high in energy but low in nutrition is food consumed away from home. In this paper, we examine the demand and willingness to pay for healthy,...

Persistent link: https://www.econbiz.de/10013208650

The Wealth Distribution and Redistributive Preferences: Evidence from a Randomized Survey Experiment

Albacete, Nicolas; Fessler, Pirmin; Lindner, Peter - 2022

time a rather high level of wealth inequality. We estimate the causal effect of information of one's own rank in the wealth …

Persistent link: https://www.econbiz.de/10013370156

Earnings losses and the role of the welfare state during the COVID-19 pandemic: Evidence from Sweden

Adermon, Adrian; Laun, Lisa; Lind, Patrik; Olsson, Martin; … - 2022

Many governments introduced temporary adjustments to counter the economic and health consequences of the COVID-19 pandemic. We study the importance of already existing government transfers and pandemic measures to mitigate individual income losses during the pandemic in Sweden using a...

Persistent link: https://www.econbiz.de/10014305344

The different returns to cognitive ability in the labor and capital markets

Bastani, Spencer; Karlsson, Kristina; Waldenström, Daniel - 2023

with wealth returns. Our results provide new insights into why inequality in capital income is greater than in labor income …

Persistent link: https://www.econbiz.de/10014540937