Showing 1 - 10 of 415
This paper develops a model of centralized public spending where decision-makers are the regional median voters instead of the national median voter of the received literature. Regional representatives decide the level of public spending by bargaining in the central legislature. We study how...
Persistent link: https://www.econbiz.de/10011110177
We develop a general equilibrium OLG model to evaluate a wide menu of popular redistributive policies in a unified context. We work in two steps: First, we study how initial conditions in human and financial capital, as inherited from family background, shape individuals' human capital, and...
Persistent link: https://www.econbiz.de/10012653236
This paper contributes to the literature on majority voting over fiscal policies. We depart from the standard model in two dimensions. First, besides redistributing income, the government uses the net tax revenue to finance the provision of goods and services that become in-kind transfers to the...
Persistent link: https://www.econbiz.de/10012179305
Productivity is not just an important concept for economists, but for other social scientists as well. This article by Jeff Matrick, Editor of Challenge and economics columnist for the New York Times, is a review of a the recently published edited volume Towards a Social Understanding of...
Persistent link: https://www.econbiz.de/10005481848
This paper revisits the relationship between inequality and redistribution in a panel of advanced OECD countries. Using …-monotonic relationship between pre-tax-and transfer distribution of income and redistribution. Relative to mean income, a more affluent rich … and middle class are associated with less redistribution and a richer poor class is associated with more redistribution …
Persistent link: https://www.econbiz.de/10008646770
Equity and efficiency can both be promoted, under some circumstances, by means of a sovereign wealth fund that mainly invests in the world stock market and whose gains are earmarked to a social dividend. A simple overlapping generation model with a fraction of hand-to-mouth agents is developed...
Persistent link: https://www.econbiz.de/10013270169
The aim of this article is to compare the economic well-being associated to the distribution of earnings in Italy. To this purpose, dominance techniques are extensively used to minimize the disagreement about the set of social values introduced into the analysis. We will show that even in a...
Persistent link: https://www.econbiz.de/10010711972
The role of deliberation among citizens to determine and forge agreement on policy is often seen as a crucial feature of democratic government. This paper provides the first large-N empirical evidence on the credibility of voice in a deliberative democracy in an non-laboratory setting, using a...
Persistent link: https://www.econbiz.de/10011065911
This paper presents findings on the changing effectiveness of cash transfers and income taxes on inequality and poverty reduction in four EU countries - the UK, Italy, Sweden and France. We use long time series (spanning four decades) to examine trends within countries over time and between...
Persistent link: https://www.econbiz.de/10011289926
), incorporates social occupations in the lab society, and allows for (voluntary) redistribution among subjects. The results show that …
Persistent link: https://www.econbiz.de/10011455517