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"We develop an evolutionary game theory model for a limited access common pool resource. With full disclosure of individual extraction decisions and payoffs we conjecture that subjects will imitate the most successful players’ strategy as long as their payoffs increase. We derive a stable...
Persistent link: https://www.econbiz.de/10009468354
reducing inequality. Educated workers in these countries have a much lower birth rate than uneducated workers. Assuming … incorporating this effect generates multiple stedy-state levels of inequality, suggesting that in some circumstances, temporarily … increasing access to educational opportunities could permanently reduce inequality. Empirical evidence suggests that the …
Persistent link: https://www.econbiz.de/10009471590
The income and wealth distribution are fundamental variables on understanding social and economic inequality. This … article analyses causes we consider relevant of the increase in economic inequality and world wealth concentration. It … drivers of inequality trends in different countries, over different decades, for economic inequality many studies are now …
Persistent link: https://www.econbiz.de/10013278857
This paper proposes a simple variation of the Allingham and Sandmo (1972) construct and integrates it to a dynamic general equilibrium framework with heterogeneous agents. We study an overlapping generations framework i n which agents must initially decide whether to evade taxes or not. In the...
Persistent link: https://www.econbiz.de/10009438089
complete adoption of more productive technologies. The issue of increasing income inequality in the process of technology … adoption opens up another direction for research. Specifically increasing inequality implies that distributive conflicts may … issues. Without any political considerations, taxes would leads to a reduction in inequality and convergence of incomes …
Persistent link: https://www.econbiz.de/10009438393
, evidenced by ad hoc assumptions of cooperative wealth maximization. By integrating the underlying structure of inequality with …
Persistent link: https://www.econbiz.de/10009441459
Surprisingly little is known about the impact of resource booms on income inequality in resource rich countries. This … explain the time path of inequality following a resource boom. Under plausible conditions, we find that income inequality will … initial impact of the boom on inequality disappears. Using panel cointegration methodology for a sample of 90 countries …
Persistent link: https://www.econbiz.de/10009441499
This paper aims to deepen our understanding of the determinants of income inequality in Uganda. Over the past 10 years … contribution of each income source to overall inequality; (ii) Decomposition of consumption expenditure into subgroups in order to … examine the contribution of each subgroup to overall inequality using their between- and within-subgroup components, both …
Persistent link: https://www.econbiz.de/10009441509
Recent interest has been stimulated by the growth of income inequality in most developed countries during the 1980s and … development. This article uses a measure of income inequality derived from taxation statistics and a recently proposed method for … testing long-run Granger non-causality to examine the key determinants of Australia's inequality for the years 1970–2001. In …
Persistent link: https://www.econbiz.de/10009441597
This paper revisits the inequality-growth relationship accounting for sectoral differences and focusing on US counties … depends on regional income inequality and a number of control variables. Spatial econometrics techniques are used to account … inequality for the Agriculture, Forestry, Fishing and Hunting sector and the Real Estate, Rental and Leasing sector. However …
Persistent link: https://www.econbiz.de/10009444734