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education vouchers for economic growth and the evolution of income inequality. The results indicate that introducing education … vouchers can increase economic growth. Families that switch from public to private education due to vouchers experience higher …This paper uses a growth model with public and private education alternatives to investigate the implications of …
Persistent link: https://www.econbiz.de/10014089359
Does redistribution increase inequality? Is inequality harmfiil for growth? Both questions have recently been addressed … in a number of single-tax models. In this paper, I examine the relationship between policy, growth and inequality when …. Redistributive labor income taxation has a negative impact on short- and long-run growth and inequality while capital taxation …
Persistent link: https://www.econbiz.de/10009774711
The literature on income inequality and growth has considered credit market imperfection to be a key factor in …
Persistent link: https://www.econbiz.de/10012721528
between income distribution and economic growth, can be replaced by an assumption that the bequest function is convex with …
Persistent link: https://www.econbiz.de/10014139381
growth dynamics. We find multiple politico-economic regimes where the pressure for redistribution is highly non …
Persistent link: https://www.econbiz.de/10011608803
A controversial new financing phenomenon has recently emerged. New “income share agreements” (“ISAs”) enable an individual to raise funds by pledging a percentage of her future earnings to investors for a certain number of years. These contracts, which have been offered by entities such...
Persistent link: https://www.econbiz.de/10013033194
, income distribution influences the stringency of environmental policy and consequently the growth of a country. Individuals … inequality, environmental protection, and growth. …
Persistent link: https://www.econbiz.de/10011608600
This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across … individuals and higher leisure levels, but also lower growth of future consumption). The social discount factor proves to be …
Persistent link: https://www.econbiz.de/10010503356
) income distribution dynamics, intergenerational community formation and growth. In a world in which redistributive policies … long run. -- growth ; Community formation ; human capital ; redistribution ; social mobility …
Persistent link: https://www.econbiz.de/10009615432
We model a higher education system that admits students according to their admission signal (e.g., matriculation GPA, SAT), which is, in turn, affected by their cognitive ability and socioeconomic background. We show that subsidizing education loans increases neither human capital stock nor...
Persistent link: https://www.econbiz.de/10011613138