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In early April 2020 we conducted a survey on a representative sample of more than 8,000 US households to study the effect of the coronavirus crisis on household income and retirement wealth, households’ expectations about the recovery, and the impact of the shock on individuals’ economic...
Persistent link: https://www.econbiz.de/10012206687
' current income a lump-sum tax reduces inequality if all parents have strict investment incentives. However, if some parents …
Persistent link: https://www.econbiz.de/10010276587
Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality …
Persistent link: https://www.econbiz.de/10010489954
While economic crises tend to raise questions about a fair distribution of resources, less is known about whether and how fairness views themselves are affected by negative shocks. To answer this question, I conduct two experimental studies investigating the causal link between income shocks and...
Persistent link: https://www.econbiz.de/10013169002
Several studies have linked rising insolvency rates to increasing inequality and argued that this might be explained by …, I test whether the probability to become insolvent is related to inequality in one's reference group or to one's income … varying the definition of relevant reference groups. I find that there is a positive relationship between inequality and …
Persistent link: https://www.econbiz.de/10012385126
We provide a common set of life-cycle earnings statistics using administrative data from the United States, Canada, Denmark and Sweden. Three qualitative patterns are common across countries: (1) the earnings distribution above the median fans out with age, (2) the extreme right tail of the...
Persistent link: https://www.econbiz.de/10011697392
Since Aristotle, a vast literature has suggested that economic inequality has important political consequences. Higher … inequality is thought to increase demand for government income redistribution in democracies and to discourage democratization … how high inequality is, how it has been changing, and where they fit in the income distribution. Using a variety of large …
Persistent link: https://www.econbiz.de/10011281602
with income inequality. In line with the fall in income inequality in the region, we document a widespread, although modest … inequality for 17 out of the 18 countries for which microdata is available. Our analysis reveals unfairness perceptions are more … correlated with relative measures of income inequality than absolute ones and that individual characteristics are correlated with …
Persistent link: https://www.econbiz.de/10011691107
social preferences transmitted by ideology. We introduce inequality-averse and inefficiency-averse agents and analyze their …
Persistent link: https://www.econbiz.de/10011737097
overestimate their position reduce their aversion to inequality after learning their position, while those who underestimate their …We study beliefs about wealth inequality and preferences for wealth redistribution. For this, we conduct a large … for redistribution after learning about the shape of the wealth distribution. In contrast, older participants decrease …
Persistent link: https://www.econbiz.de/10014543737