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Persistent link: https://www.econbiz.de/10012040249
This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014390535
Persistent link: https://www.econbiz.de/10011742787
Cross-country studies have found a negative relationship between income inequality and economic growth. The main …
Persistent link: https://www.econbiz.de/10011541046
helps to understand the high levels of inequality. The contemporary fiscal version of that assertion goes something like …
Persistent link: https://www.econbiz.de/10014546295
We calibrate an incomplete markets large scale OLG model to the US income and wealth distribution and examine the effects of alternative government debt levels and adjustment policies on macroeconomic aggregates and welfare. We find that the government should hold negative debt. Due to the high...
Persistent link: https://www.econbiz.de/10013047686
Most party systems have seen a considerable rise in polarization during the past decades. We show that fiscal policies have contributed to this development. Our macro-level analysis of 166 elections since 1980 finds that austerity increases both electoral abstention and votes for non-mainstream...
Persistent link: https://www.econbiz.de/10012841064
This paper studies the impact of income inequality on sovereign spreads under elastic labor and endogenous taxation. We … first document that high pre-tax income inequality is associated with high spreads both across countries and across U …. With the model parameterized to state-level data, we find that income inequality is an important determinant of spreads …
Persistent link: https://www.econbiz.de/10012840571
We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use … data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest … that market-oriented structural reforms were associated with rising income inequality in the full sample. Trade and …
Persistent link: https://www.econbiz.de/10012843419
We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use … data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest … that market-oriented structural reforms were associated with rising income inequality in the full sample. Trade and …
Persistent link: https://www.econbiz.de/10012154916