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wealth and income inequality at the cost of negative effects on capital, labor, and output. Finally, these theoretical …
Persistent link: https://www.econbiz.de/10012389033
Inequality in South Africa is the enduring legacy of racial discrimination. We use a dynamic perspective to show the … reducing inequality. We present a machine-learning analysis based on household survey data in the Post-Apartheid Labour Market … behaviour of variables related to labour market status, and labour income inequality. The empirical investigation covers the …
Persistent link: https://www.econbiz.de/10012299604
allow the poor to become self-financed entrepreneurs reduces the incentives for young agents to work hard and save. A …
Persistent link: https://www.econbiz.de/10014147066
allow the poor to become self-financed entrepreneurs reduces the incentives for young agents to work hard and save. A …
Persistent link: https://www.econbiz.de/10014135339
In a fundamental contribution, Prescott and Townsend (1984) [PT] have shown that the existence and efficiency properties of Walrasian equilibria extend to economies with moral hazard, when agents' trades are observable (exclusive contracts can be implemented). More recently, Bennardo and...
Persistent link: https://www.econbiz.de/10014054245
We develop a generalized approach to the treatment of household inequality aspects of social welfare in general … inequality results in trade theory that are focused strictly on functional rather than household inequality. As an application of … the theoretical framework, we then examine the direct impact of inequality on a government's objective function. We find …
Persistent link: https://www.econbiz.de/10009239049
that an increase in unemployment benefits leads to a rise in steady state wealth inequality measured by the Gini …
Persistent link: https://www.econbiz.de/10012426925
that an increase in unemployment benefits leads to a rise in steady state wealth inequality measured by the Gini …
Persistent link: https://www.econbiz.de/10013293596
We develop a quantitative framework in which income inequality arises endogenously in response to productivity shocks … inequality and welfare up to first- and second order. Inequality arises in equilibrium due to a combination of changes in income …-improving policies can have strong effects on both welfare and inequality, but the impact is both quantitatively and qualitatively …
Persistent link: https://www.econbiz.de/10013443717
-off between equality and efficiency, actually wealth inequality delivers both inequality of opportunity and inefficiency. Due to …
Persistent link: https://www.econbiz.de/10013065158