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In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is … balance against the economic explanation, which predicts more rather than less income redistribution in the United States … (which also characterize Switzerland) to redistribution; yet the Swiss share of transfers in the GDP is low. Behavioral …
Persistent link: https://www.econbiz.de/10010315581
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
In this paper, preferences for income redistribution in Switzerland are elicited through a Discrete Choice Experiment … (DCE) performed in 2008. In addition to the amount of redistribution as a share of GDP, attributes also included its uses … (Swiss, Western European, others). Willingness to pay for redistribution increases with income and education, contradicting …
Persistent link: https://www.econbiz.de/10010315571
disclose the dramatic upward trend in inequality. On this basis, we estimate a two-equation model for the income distribution … labour share fall, while its increase in the 2000s prevented inequality from worsening three times more than it actually did …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early …
Persistent link: https://www.econbiz.de/10010368155
wealth and the likelihood of radical redistribution: while the net benefits of redistribution for members of the poor class …
Persistent link: https://www.econbiz.de/10011430034
quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases … redistribution and lowers institutional quality. The effect of the former is to increase productive investment, and the effect of the … in a panel of countries, the paper finds that inequality has a negative effect on both institutional quality and …
Persistent link: https://www.econbiz.de/10010278272
We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance … motives, and social concerns relating to inequality and efficiency. Our choice environments feature large groups of subjects … and real world framing, and differ with respect to the source of inequality (earned or arbitrary), the cost of taxation to …
Persistent link: https://www.econbiz.de/10010420263
dramatic transformations in the past century. While Classical economists advanced the hypothesis that inequality is beneficial …
Persistent link: https://www.econbiz.de/10010284077
-class squeeze.' Median wealth grew briskly in the late 1990s. It grew even faster in the aughts, while the inequality of net worth … prices, indicate that median wealth plunged by 36 percent and there was a fairly steep rise in wealth inequality, with the …
Persistent link: https://www.econbiz.de/10010281726
, increased that for higher-paid employees, and led to an increase in income inequality. Thus, the more important aspects of new …
Persistent link: https://www.econbiz.de/10010287798