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How adequately did governments protect their citizens over the Great Recession? The recent recession, the worst since the Great Depression, provides an opportune moment to investigate the adequacy and fairness of countries' responses to an economic crisis. Using household-level LIS data from...
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Redistribution is one of the principal mechanisms through which countries secure low income inequality. Maintaining … from an egalitarian perspective. If so, redistribution is likely to become even more critical. Redistribution can be … achieved through the tax system, via government transfers, or both. In practice, however, very little redistribution is …
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This paper provides an empirical investigation on the drivers of tax and transfer income redistribution to working …. The analytical approach is based on a reduced-form model of income redistribution which is estimated through cross …-country-time series regressions. The baseline model builds on the political economy literature of income redistribution and includes a set …
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unselfish though rational demand for redistribution. This leads the well off to prefer higher taxes and the poor to reject … redistribution by individuals with high income and to a lower demand for redistribution by those with low income. …
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We solve the problem of a social planner who seeks to minimize inequality via transfers with a fixed public budget in a distribution of exogenously given incomes. The appropriate solution method depends on the objective function: If it is convex, as in the case of the absolute mean deviation, it...
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-individual redistribution and between- and within-individual insurance. These components are distinguished from perspective of the start of … against wage and family composition shocks is substantial and highly valued by individuals. Within-individual redistribution …
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