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A heterogeneous-agent model of growth and inequality for the UK
Meenagh, David; Minford, Patrick; Ynag, Xiaoliang - 2018
This paper analyses the effect of wealth inequality on UK economic growth in recent decades with a heterogeneous-agent growth model where agents can enhance individual productivity growth by undertaking entrepreneurship. The model assumes wealthy people are more able to afford the costs of...
Persistent link: https://www.econbiz.de/10011886966
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Long-term economic implications of demeny voting : a theoretical analysis
Bonatti, Luigi; Lorenzetti, Lorenza Alexandra - 2022
endogenous fertility that address the problem of fiscal redistribution between young and old cohorts in the presence of an aging …
Persistent link: https://www.econbiz.de/10013419330
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The Picketty inequality in the Nash-Bargained social contract
Fabella, Raul V. - 2014
As a proxy for a Pareto-efficient market economy, we adopt the two-party Nash Bargaining model featuring a qualitative bias in the treatment of the contributions of the parties. The Piketty inequality here is the share in total welfare accruing to the richer party over total welfare attained at...
Persistent link: https://www.econbiz.de/10010402572
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Intra-household income inequality and preferences for redistribution
Haußen, Tina - 2018
We empirically analyze the relationship between income inequality and individual preferences for public redistribution, focusing on intra-household income inequality between spouses. Using data from the German Socio-Economic Panel, we find that both one's own earned income and earned...
Persistent link: https://www.econbiz.de/10011809361
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Family Taxation, Fertility, and Horizontal Equity : A Political Economy Perspective
Balestrino, Alessandro - 2012
whether i) the parents control their fertility or not, ii) they value their children or not. Second, it investigates the … all "relevant" senses identical should be treated identically); it turns out that under endogenous fertility, any winning … policy trivially satisfies horizontal equity, but if fertility is exogenous for some of (or all) the parents, horizontal …
Persistent link: https://www.econbiz.de/10013108086
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Voting on Education and Redistribution Policies in the U.S : Does Endogenous Fertility Matter?
Tolstova, Vera - 2021
fertility in explaining the generosity of redistribution and education policies in the U.S. Policies are endogenised as outcomes … of majority voting. I find that accounting for endogenous fertility is essential for strong performance of the model in … cross-section of U.S. states are used to verify the plausibility of fertility decision responses to policies and …
Persistent link: https://www.econbiz.de/10013246175
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Effects of siblings and birth order on income redistribution preferences : evidence based on Japanese general social survey
Yamamura, Eiji - 2012
The Japanese General Social Survey was used to determine how individual preferences for income redistribution are affected by family structure, such as the number of siblings and birth order where individuals grow up. After controlling for various individual characteristics, the important...
Persistent link: https://www.econbiz.de/10011526919
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Sharing High Growth across Generations : Pensions and Demographic Transition in China
Song, Zheng Michael - 2013
Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population threatens the fiscal sustainability of its pension system, a key vehicle for intergenerational redistribution. We analyze the positive and normative effects of alternative pension...
Persistent link: https://www.econbiz.de/10013082281
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Unfair inequality and the demand for redistribution : why not all inequality is equal
Ahrens, Leo - In: Socio-economic review 20 (2022) 2, pp. 463-487
Persistent link: https://www.econbiz.de/10013349402
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Redistributive policies in general equilibrium
Oikonomidēs, Geōrgios; Philippopulos, Apostolēs; … - 2021
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