There is a long-standing controversy over the question of whether targeting social transfers towards the bottom part of … claimed that "the more we target benefits at the poor, the less likely we are to reduce poverty and inequality". The basic … empirical underpinning of this claim is a strong inverse relationship at the country level between social transfer targeting and …

system would have been to perpetuate wealth and income inequality in the pre-retirement phase into the post retirement phase … significantly reduce the inequality between the highest and lowest income groups. The higher income groups however remain the major … inequality from the introduction of the Pillar 2 system …

effects of alternative government debt levels and adjustment policies on macroeconomic aggregates and welfare. We find that …

decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter …-acting force to the rapid increase in income inequality. Using a political-economy model where parties bargain over taxes and …, welfare outcomes are better than those under alternative budget rules and in scenarios without rules, making it explicit that …

interacts with the politics of redistribution and inequality. The argument can be outlined as follows. Contrary to what is … conventionally argued, decentralization per se does not necessarily lead towards higher (or lower) levels of income inequality … internal structures of inequality within regions and their combination. Secondly, if decentralization indeed leads to different …

efficiency at aggregate level. Using an example, we show that redistribution can improve social welfare more than 25%. If rich …

welfare indicator. The optimal income distribution that potentially Pareto dominates any other income distribution is studied … income is equalized across all consumers. An index that measures income distribution non-optimality rather than inequality is … could be surprisingly high. Finally, a new approach of social welfare function is developed and it is shown that a social …

This paper shows that within-country happiness inequality has fallen in the majority of countries that have experienced … declare low and high levels of happiness. Rising income inequality moderates the fall in happiness inequality, and may even … the happiness of all, it will at least harmonize the happiness of all, providing that income inequality does not grow too …