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This paper surveys the rise of income inequality in affluent nations. Social programs are critical to keeping inequality in check, but their sustainability is increasingly threatened. A possible solution is high levels of employment.
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According to the lsquo;median-voter' hypothesis, greater inequality in the market distribution of earnings or income tends to produce greater generosity in redistributive policy. We outline the steps in the causal chain specified by the hypothesis and attempt to assess these steps empirically....
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poverty for working-age households in Sweden, Germany, the United Kingdom, Canada, and the United States from the mid-1970s to … whole, the comparative evidence seems more consistent with the view of welfare state supporters. Germany, with its …
Persistent link: https://www.econbiz.de/10010335377
According to the 'median-voter' hypothesis, greater inequality in the market distribution of earnings or income tends to produce greater generosity in redistributive policy. We outline the steps in the causal chain specified by the hypothesis and attempt to assess these steps empirically. Prior...
Persistent link: https://www.econbiz.de/10010335397
This paper surveys the rise of income inequality in affluent nations. Social programs are critical to keeping inequality in check, but their sustainability is increasingly threatened. A possible solution is high levels of employment.
Persistent link: https://www.econbiz.de/10010335523