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Through the looking glass : transparency about others' luck and effort enhances redistribution
Wiese, Juliane V.; Powdthavee, Nattavudh; Yeo, Jonathan … - 2023
How do we persuade people to part with money they feel they have rightly earned? We conducted a dyadic experiment (N=1,986) where luck determined which of the players' performance counted toward winning the game. Despite luck playing a large part, we found strong evidence of justified...
Persistent link: https://www.econbiz.de/10013540559
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Human Capital Formation, Income Inequality and Growth
Viaene, Jean-Marie; Zilcha, Itzhak - 2001
The paper studies the determinants of income distribution and growth in an overlapping generations economy withheterogenous households. Our framework has the following main features:heterogeneity of consumers with respect to wealth and parental human capital;intergenerational transfers,...
Persistent link: https://www.econbiz.de/10010324875
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Human capital formation, income inequality and growth
Viaene, Jean-Marie; Zilcha, Itzhak - 2001
The paper studies the determinants of income distribution and growth in an overlapping generations economy with heterogenous households. Our framework has the following main features: (1) heterogeneity of consumers with respect to wealth and parental human capital; (2) intergenerational...
Persistent link: https://www.econbiz.de/10011399283
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Human capital formation, income inequality and growth
Viaene, Jean-Marie; Zilcha, Itzhak - 2001
The paper studies the determinants of income distribution and growth in an overlapping generations economy withheterogenous households. Our framework has the following main features:heterogeneity of consumers with respect to wealth and parental human capital;intergenerational transfers,...
Persistent link: https://www.econbiz.de/10011318579
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Human Capital Formation, Income Inequality and Growth
Viaene, Jean-Marie; Zilcha, Itzhak - 2021
The paper studies the determinants of income distribution and growth in an overlapping generations economy with heterogeneous households. Our framework has the following main features: (1) heterogeneity of consumers with respect to wealth and parental human capital; (2) intergenerational...
Persistent link: https://www.econbiz.de/10013320880
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Weaknesses of 'wage-led growth'
Skott, Peter - 2016
The emphasis in post-Keynesian macroeconomics on wage- versus profit- led growth may not have been helpful. The profit share is not an exogenous variable, and the correlations between the pro.t share and economic growth can be positive for some exogenous shocks but negative for others. The...
Persistent link: https://www.econbiz.de/10011522218
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Permanent-income inequality
Abbott, Brant; Gallipoli, Giovanni - 2019 - This draft: February 17, 2019
. We find that consumption expenditures are tightly linked to permanent-income; however, liquidity constraints can lead to …
Persistent link: https://www.econbiz.de/10012183332
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Permanent‐income inequality
Abbott, Brant; Gallipoli, Giovanni - In: Quantitative economics : QE ; journal of the … 13 (2022) 3, pp. 1023-1060
Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from … higher consumption, with most of the losses accruing after 2000. …
Persistent link: https://www.econbiz.de/10013382060
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Income distribution and current account : a sectoral perspective
Behringer, Jan; Treeck, Till van - 2013
income. This finding is consistent with consumption externalities resulting from upward-looking status comparisons. Secondly …
Persistent link: https://www.econbiz.de/10010201632
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Wealth Inequality and Private Savings : The Case of Germany
Dao, Mai - 2020
bywidening top income inequality, rising private savings and compressed consumption rates.Rising corporate profits in an …
Persistent link: https://www.econbiz.de/10012828236