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Based on data from the German Socio-Economic Panel (SOEP), both income inequality and poverty are considered for … the crisis - in 2009 - inequality dropped, and it increased afterwards. Poverty was not affected very much by economic …
Persistent link: https://www.econbiz.de/10010286914
What was the impact of urban political structure on economic inequality in preindustrial times? I document that more … closed political institutions were associated with higher economic inequality in a panel of early modern German cities. To … inequality. To mitigate concerns about reverse causality, I exploit the Thirty Years' War (1618-1648) as a plausibly exogenous …
Persistent link: https://www.econbiz.de/10013170896
The inheritance tax is often seen as an effective tool to reduce wealth inequality, to raise public budgets if needed … tool for fighting wealth inequality without having distorting effects for the economy. For this purpose, the distributional …
Persistent link: https://www.econbiz.de/10012419216
The introduction of a flat tax is supposed to have several advantages. Administration and compliance costs are reduced, as well as incentives for tax evasion. Furthermore, positive employment and growth effects are expected. Despite these advantages, a flat rate tax is not very popular in most...
Persistent link: https://www.econbiz.de/10010297020
The relationship between income inequality and polarization is an empirical fact: a change in equality might occur … together with a change in polarization. At the same time, polarization might emerge while inequality remains constant. The …
Persistent link: https://www.econbiz.de/10010471715
A widely held view is that increasing globalisation and inequality are fostering support for populist actors … introduce the concept of spatial inequality, which describes the regional inequality within countries, and construct a measure … of public goods scarcity. I argue that the spatial inequality induced feeling of being left behind is positively …
Persistent link: https://www.econbiz.de/10013336271
inequality indices when estimated from complex survey data. It turns out that this method also greatly simplifies the …
Persistent link: https://www.econbiz.de/10011438447
We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a novel two-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As suggested by the theory of incomplete markets, we...
Persistent link: https://www.econbiz.de/10010283993
We reassess the empirical effect of income and employment on self-reported well-being. Our analysis makes use of a novel two-step estimation procedure that allows applying instrumental variable regressions with ordinal observable data. As suggested by the theory of incomplete markets, we...
Persistent link: https://www.econbiz.de/10009575109
The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being when facing major life events. Based on individual panel data, we compare people's forecast of their life...
Persistent link: https://www.econbiz.de/10011308432