Showing 1 - 10 of 67
of wealthy agents to finance redistribution. We compare this approach with standard modelling where redistribution …
Persistent link: https://www.econbiz.de/10005841060
We study several popular monetary models which generate a non-degenerate stationary distribution of money holdings. Across these environments, our principal finding is as follows: a monetary policy that sets long run nominal interest rates to zero (the Friedman rule) does not typically maximize...
Persistent link: https://www.econbiz.de/10009360925
(except for Japan because of datalimitations). According to national family income and expendituresurveys, income inequality … social security system does not generate muchvertical redistribution. However, income redistribution takes placewithin the … family cell between people with and without work.Compared to the British situation, there are very few worklesshouseholds in …
Persistent link: https://www.econbiz.de/10008733221
John Hills and Orsolya Lelkes have analysed results from the National Centrefor Social Research’s 1998 British Social Attitudes survey on public attitudes toredistribution and social security benefits and at how these relate to currentgovernment policies.There is a persistent public appetite...
Persistent link: https://www.econbiz.de/10008766039
less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …
Persistent link: https://www.econbiz.de/10009249011
We prove that in a closed economy without distortionary taxation, the welfare of a representativeconsumer is summarized to a …rst order by the current and expected future values of the Solowproductivity residual in level and by the initial endowment of capital. The equivalence holds if...
Persistent link: https://www.econbiz.de/10009302538
This paper examines the distribution of the “social wage” benefits inkind from welfare services, including the National Health Service, stateeducation, social housing, and personal social services. The currentGovernment has put a strong emphasis on improving public servicesand has begun to...
Persistent link: https://www.econbiz.de/10009354066
Whether observed differences in redistributive policies across countries are the result ofdifferences in social preferences or efficiency constraints is an important question that pavesthe debate about the optimality of welfare regimes. To shed new light on this question, weestimate labor supply...
Persistent link: https://www.econbiz.de/10009360552
There is clear evidence that fairness plays a role in redistribution. Individuals want tocompensate others for their … partially controllable one(based on family composition, immigration status, unemployment and education level). Wealso estimate …
Persistent link: https://www.econbiz.de/10009360559
As the link between tax compliance and tax morale is found to be robust, finding thedeterminants of tax morale can help to understand and fight tax evasion. In this paper weanalyze the effect of progressive taxation on tax morale in a cross-country approach – whichhas not been investigated...
Persistent link: https://www.econbiz.de/10009360564