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Monetary policy has implicit redistribution effects for households when households are different. This changes the aggregate consumption response to interest rate changes. This paper is the first to estimate the magnitude of redistributionary channels of monetary policy in the euro area. When...
Persistent link: https://www.econbiz.de/10014563982
Monetary policy has implicit redistribution effects for households when households are different. This changes the aggregate consumption response to interest rate changes. This paper is the first to estimate the magnitude of redistributionary channels of monetary policy in the euro area. When...
Persistent link: https://www.econbiz.de/10014545241
Two key components of the upcoming health reform in the U.S. are a new regulation of the individual health insurance … expenses and labor income risks. We replicate the key features of the current health insurance system in the U.S. and calibrate …
Persistent link: https://www.econbiz.de/10014189859
of the Welfare State. However, while these theories may be suited for explaining the development of public insurance or … transfers. At the other extreme, descriptions of social transfers as systems of extended insurance (behind the veil of ignorance … explained by pure efficiency motives, but less than what would be predicted under the extended insurance hypothesis. One …
Persistent link: https://www.econbiz.de/10014023654
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
Income inequality in Mexico increased between 1989 and 1994; between 1994 and 2006, inequality declined; and, between … 2006 and 2014, inequality was again on the rise. We apply decomposition techniques to analyse the proximate determinants of … labour income inequality and fiscal incidence analysis to estimate the first-order effects of taxes and social spending on …
Persistent link: https://www.econbiz.de/10011966562
Social identity has become accepted as a key concept underpinning the endogeneity of economic behaviour and preferences. It is important in explaining attitudes towards redistribution and pro-social behaviour. We examine how economic theory measures social identity and its effects on preferences...
Persistent link: https://www.econbiz.de/10010199734
The paper looks at the persistence of egalitarian norms in post-Communist societies by focusing on the former members of the Communist parties in Central and Eastern Europe (CEE) and Russia and their children. Using the individual-level survey data, we show that there are striking differences...
Persistent link: https://www.econbiz.de/10013471475
' current income a lump-sum tax reduces inequality if all parents have strict investment incentives. However, if some parents …
Persistent link: https://www.econbiz.de/10010276587
' current income a lump-sum tax reduces inequality if all parents have strict investment incentives. However, if some parents …
Persistent link: https://www.econbiz.de/10004970423