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Imperfect information and the Meltzer-Richard hypothesis
Bredemeier, Christian - 2010
Despite a strong theoretical prediction that income skewness and redistribution should be positively linked, empirical evidence on this issue is mixed. This paper argues that it is important to distinguish between sources of changes in income skewness. Two sources of such changes are discussed:...
Persistent link: https://www.econbiz.de/10008933747
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Confronting the Endogeneity of Economy, Policy, and Politics : Inequality & Unemployment, Redistribution & Social Insurance, and Political Participation
Franzese, Robert J.; Hays, Jude C. - 2014
social policy may itself affect simultaneously the efficiency of the labor market and the political participation of the less … (redistribution/social-insurance), and political participation. This paper represents an attempt to elaborate the nature of these … endogenous relationships, to suggest plausible identification conditions derived from relevant theory and substance, and to offer …
Persistent link: https://www.econbiz.de/10014219906
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Financial Inequality, Group Entitlements and Populism
Favaretto, Federico - 2019
This paper shows how financial inequality and misbeliefs about group entitlements can increase the consensus for populist parties. Given a banking shock, traditional and populist parties propose alternative bailout policies, where short termism characterizes the populistic policy. The citizens...
Persistent link: https://www.econbiz.de/10012897550
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Polarized Expectations, Polarized Consumption
Kamdar, Rupal; Ray, Walker - 2022
This paper argues that political polarization plays a key role in shaping the economic expectations and consumption behavior of households. Using a combination of survey and consumption data of U.S. households, we document five facts. First, household beliefs are well-described by a single...
Persistent link: https://www.econbiz.de/10014237427
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Equity, Welfare, and the Setting of Trade Policy in General Equilibrium
Francois, Joseph F.; Rojas-Romagosa, Hugo - 2005
We analyze general equilibrium relationships between trade policy and the household distribution of income, decomposing social welfare into real income level and variance components and emphasizing Gini and Atkinson indexes. We embed these inequality adjusted social welfare functions in a...
Persistent link: https://www.econbiz.de/10014061963
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Chapter 2 Measurement of inequality
Cowell, F.A. - In: Handbook of income distribution : volume 1, (pp. 87-166). 2000
Persistent link: https://www.econbiz.de/10014024207
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Taking empirical studies seriously : the principle of concentration and the measurement of welfare and inequality
Ebert, Udo - In: Social choice and welfare 32 (2009) 4, pp. 555-574
Persistent link: https://www.econbiz.de/10003824443
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Gauging the potential for social unrest
Stark, Oded; Hyll, Walter; Behrens, Doris - 2009
It stands to reason that social unrest does not erupt out of the blue. Although there are a great many reasons why social dismay might descend into social disorder, only few yardsticks or indices can plausibly be used to gauge the potential for social unrest (PSU). If policy makers want to...
Persistent link: https://www.econbiz.de/10003879164
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Gauging the potential for social unrest
Stark, Oded; Hyll, Walter; Behrens, Doris - In: Public choice 143 (2010) 1/2, pp. 229-236
Persistent link: https://www.econbiz.de/10003974900
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Two types of inequality : inequality between persons and inequality between subgroups
Jasso, Guillermina (contributor); Kotz, Samuel (contributor) - 2007
Social scientists study two kinds of inequality: inequality between persons (as in income inequality) and inequality between subgroups (as in racial inequality). This paper analyzes the mathematical connections between the two kinds of inequality. The paper proceeds by exploring a set of...
Persistent link: https://www.econbiz.de/10003585264