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Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the economy, but there is not much evidence that countries...
Persistent link: https://www.econbiz.de/10011449990
Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the economy, but there is not much evidence that countries...
Persistent link: https://www.econbiz.de/10002177091
Democratic countries with substantial inequality and where people believe that success depends on connections and luck induce political support for high tax rates and generous welfare states. Traditional wisdom is that such policies harm the economy, but there is not much evidence that countries...
Persistent link: https://www.econbiz.de/10013319137
inefficiently low savings and growth because of external habits. In semi-endogenous models, consumption externalities have no growth …
Persistent link: https://www.econbiz.de/10012932544
We employ a novel approach for analyzing the effects of relative consumption and relative wealth preferences on both the decentralized and the socially optimal economic growth rates. In the pertinent literature these effects are usually assessed by examining the dependence of the growth rates on...
Persistent link: https://www.econbiz.de/10012151987
Persistent link: https://www.econbiz.de/10011517369
negative implications for genuine savings. Next, the book compares the development path of Norway before and after discovering … oil, contrasting it with Sweden's development. The two countries, which followed almost identical paths until the 1970s … Resources and Sustainability -- 5 Two-Country Comparison: Norway versus Sweden.-6 Conclusion …
Persistent link: https://www.econbiz.de/10012397514
Persistent link: https://www.econbiz.de/10001456103
Persistent link: https://www.econbiz.de/10000908066
alternative systems focuses on their effects on savings, capital accumulation, labour supply, economic growth and inequality and … on the savings rate, capital accumulation, productivity and the labour supply. These effects must be taken into account …
Persistent link: https://www.econbiz.de/10012207196