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This paper provides a normative justification for the use of a minimum wage as a redistributive tool in a competitive labor market. We show that a government interested in improving the wellbeing of the deserving poor, while being less concerned with their undeserving counterparts, can use a...
Persistent link: https://www.econbiz.de/10011951611
exemptions. Pensions are more equally distributed than income received from employment, and intra-cohort inequality does not seem … to be a more convincing explanation. What is the impact of differential taxation on the inequality between retirees and …
Persistent link: https://www.econbiz.de/10009321772
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 …
Persistent link: https://www.econbiz.de/10009753045
changes in inequality and welfare measures. Bootstrapping techniques are used to that aim. One of the main conclusions is that …This paper has two main goals. The first is to complement the Argentine mean income series with inequality estimates in … order to obtain aggregate welfare series. Average income figures are estimated from National Accounts while income …
Persistent link: https://www.econbiz.de/10008776982
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 …
Persistent link: https://www.econbiz.de/10012826663
effects of alternative government debt levels and adjustment policies on macroeconomic aggregates and welfare. We find that …
Persistent link: https://www.econbiz.de/10013056838
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 …
Persistent link: https://www.econbiz.de/10013210072
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 …
Persistent link: https://www.econbiz.de/10014074320
efficiency at aggregate level. Using an example, we show that redistribution can improve social welfare more than 25%. If rich …
Persistent link: https://www.econbiz.de/10014113664
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 …
Persistent link: https://www.econbiz.de/10014119133