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Education decisions determine a great part of future income. This paper argues that if education is financed by parents' current income a lump-sum tax reduces inequality if all parents have strict investment incentives. However, if some parents are indifferent there is a possible decrease in the...
Persistent link: https://www.econbiz.de/10003574149
We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is not a life-cycle model. A competitive firm produces a...
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individuals' preferences for redistribution. A novel survey question from the German Socio-Economic Panel Study - whether the … taxes paid by unskilled workers are too high, adequate or too low - are used to elicit attitudes toward redistribution … years. The results reveal that intergenerational mobility is significantly related to preferences for redistribution. The …
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individuals' preferences for redistribution. A novel survey question from the German Socio-Economic Panel Study - whether the … taxes paid by unskilled workers are too high, adequate or too low - are used to elicit attitudes toward redistribution … years. The results reveal that intergenerational mobility is significantly related to preferences for redistribution. The …
Persistent link: https://www.econbiz.de/10009681426