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In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …
Persistent link: https://www.econbiz.de/10011588714
In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …
Persistent link: https://www.econbiz.de/10011602883
This paper explores whether more generous social spending polices in fact lead to less income inequality, or if redistributive outcomes are offset by behavioral disincentive effects. To account for the inherent endogeneity of social policies with regard to inequality levels, I apply the System...
Persistent link: https://www.econbiz.de/10011600978
It is known that the incompleteness of asset markets causes inefficiency in almost every equilibrium. Yet unexplored is the ”size” of this inefficiency. The size of a Pareto improvement is the total willingness to pay for it, out of current consumption. Inefficiency is the maximum size of...
Persistent link: https://www.econbiz.de/10010318933
In this paper, we assume that redistribution modifies the community structure of an economy and generates both intra … growth dynamics. We find multiple politico-economic regimes where the pressure for redistribution is highly non …-linear depending on social affinity. In some range of inequality, the ends may oppose high rates of redistribution against the middle …
Persistent link: https://www.econbiz.de/10011608803
income before and after redistribution and corresponding marginal tax rates. Under a set of simplifying assumptions, it is … applied to the French redistribution system with the interesting implication that the French redistribution authority may …
Persistent link: https://www.econbiz.de/10010288281
Einkommensverteilung und damit die Verteilung der Verfügungsgewalt über das Produktionsergebnis. Der erste Band der Sozialpolitischen … Studienreihe stellt eine gekürzte Fassung der WIFO-Studie "Umverteilung durch den Staat in Österreich" dar. Die zentralen … varying extents, and on the other hand it will again raise questions about the redistribution effects of taxes when it comes …
Persistent link: https://www.econbiz.de/10012319067
The paper examines the problem of aggregating infinite utility streams with a social welfare function which respects the Anonymity and Weak Pareto Axioms. It provides a complete characterization of domains (of the one period utilities) on which such an aggregation is possible. A social welfare...
Persistent link: https://www.econbiz.de/10010292058
Child labor is often condemned as a form of exploitation. I explore how the notion of exploitation, as used in everyday language, can be made precise in economic models of child labor. Exploitation is defined relative to a specific social welfare function. I first show that under the standard...
Persistent link: https://www.econbiz.de/10010319596
There seems to be a general consent in the expert community that Hungarian social policy provides poorly targeted benefits and services that are prone to Mattheweffects. Our results confirm this observation but we also find that the data offer an alternative interpretation of what the Hungarian...
Persistent link: https://www.econbiz.de/10012316672