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Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth

Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006

This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …

Persistent link: https://www.econbiz.de/10014023678

Inequality and the Demand for Redistribution : Are the Assumptions of the New Growth Theory Valid?

Lübker, Malte - 2010

One prominent strand of the new growth theory has identified the political process as a potential channel to link high …

Persistent link: https://www.econbiz.de/10012717027

Inequality and the Demand for Redistribution : Are the Assumptions of the New Growth Theory Valid?

Lübker, Malte - 2006

One prominent strand of the new growth theory has identified the political process as a potential channel to link high …

Persistent link: https://www.econbiz.de/10014059390

Inequality indices as tests of fairness

Kanbur, Ravi; Snell, Andy - 2017

Standard income inequality indices can be interpreted as a measure of welfare loss entailed in departures from equality of outcomes, for egalitarian social welfare functions defined on the distribution of outcomes. But such a welfare interpretation has been criticized for a long time on the...

Persistent link: https://www.econbiz.de/10011641764

Inequality Indices as Tests of Fairness

Kanbur, Ravi - 2017

Persistent link: https://www.econbiz.de/10012957494

Beyond Egocentric Judgments of Fairness : Advantageous, Disadvantageous, and Third-Party Inequality Aversion

Svedsater, Henrik; Johansson, Lars-Olof - 2005

Recent models of economic fairness assume that at least some people are motivated to reduce economic differences between themselves and other individuals. In addition to this motive, this paper investigates whether people care also about differences between third parties. An experiment is...

Persistent link: https://www.econbiz.de/10014064469

Income and Wealth Distribution : Overlooked Basics

Stern, Monte - 2016

This article reviews the distribution of income and wealth in the US from three basic perspectives that tend to be otherwise overlooked if the subject is framed primarily on the basis of the gross statistics: a) quantity and quality of work effort; b) quantity and quality of capital...

Persistent link: https://www.econbiz.de/10012982965

Some Observations on the Concept and Measurement of Income Inequality

Richardson, Stephen - 2012

Income inequality and redistribution have become popular subjects in both public and policy circles in the wake of concerns over apparent concentration of wealth. However, a reasonable discussion of this subject is often hampered by a lack of a clear conceptual framework and relevant facts....

Persistent link: https://www.econbiz.de/10013110954

The Anthropology of the Credit Crisis : Magical Thinking, Irrationality and the Role of Inequality

Caldararo, Niccolo Leo - 2013

In 2005 I wrote a letter to the Financial Times describing the unsustainable nature of the financial instruments (derivatives) then being sold as insurance to protect investors from losses in other assets, failure of institutions and other untoward events. The complexity of these instruments and...

Persistent link: https://www.econbiz.de/10013089816

Piketty in America : A Tale of Two Literatures

Bankman, Joseph - 2014

Thomas Piketty's widely-noted and bestselling book, Capital in the Twenty-First Century, does much to advance our empirical understanding of rising high-end wealth concentration, which is one of the central issues of our time. But its theoretical approach and policy recommendations differ...

Persistent link: https://www.econbiz.de/10013044641