We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure … public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a … voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also …

In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … the individuals' concern at having a low relative income, indexed by a parameter beta in a utility function that is a … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …

In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … the individuals' concern at having a low relative income, indexed by a parameter beta in a utility function that is a … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …

We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure … public goods. Itaya, de Meza, and Myles (1997) show that the maximization of social welfare precludes income equality in a … voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also …

welfare precludes income equality in this setting. We show that their case breaks down when the public good is impure: there … exist individual preferences under which maximization of social welfare necessitates exact income equalization. Even if the … public good is pure, any given, positive level of income inequality can be shown to be socially excessive by suitably …

, granting a universal basic income (UBI) to everyone. We have calculated two scenarios: one in which the benefit system is … replaced by a basic income, and another in which retirement pensions are maintained, with the rest of monetary benefits being …

a function - typically inequality or poverty indices - of household equivalized income. In parallel, economic research … tax benefit policies), (ii) to go beyond income, (iii) to better define and estimate equivalence scales, (iv) to open the …

that both provides integration across many dimensions and contexts and also identifies which tasks may be undertaken … distribution-neutral methodology and welfare analysis developed in Kaplow (2008a) and related work, offering applications to income … taxation, commodity taxation, tax expenditures, externalities, public goods, capital income and wealth taxation, social …