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On the presumption that poorer people tend to work less, it is often claimed that standard measures of inequality and poverty are overestimates. The paper points to a number of reasons to question this claim. It is shown that, while the labor supplies of American adults have a positive income...
Persistent link: https://www.econbiz.de/10011781941
Household surveys suffer from persistent and growing underreporting. We propose a novel procedure to adjust reported survey incomes for underreporting by estimating a model of misreporting whose main parameter of interest is the elasticity of regional national accounts income to regional survey...
Persistent link: https://www.econbiz.de/10015069787
. This new study, based on more than 20 million tax records over 10 years, examines the highest income earners in Ireland but … income and pay around 2/3 of all income tax. Unlike other OECD countries, the top 1% has not expanded its gross income share …, partly due to long range downward mobility during the recession for those with the highest incomes. Moreover, more …
Persistent link: https://www.econbiz.de/10012202850
We study the nature of regional inequality in Colombia over the past 200 years. The main empirical fact is that regional inequality has been highly persistent despite the large changes that have taken place and the modernization of the society. We show that regional inequality is highly...
Persistent link: https://www.econbiz.de/10012961158
People who are unable to maintain the same standard of living as others around them experience a sense of relative deprivation that has been shown to reduce feelings of well-being. Relative deprivation reflects conditions of worsening relative poverty despite striking reductions in absolute...
Persistent link: https://www.econbiz.de/10011430756
This paper shows how financial inequality and misbeliefs about group entitlements can increase the consensus for populist parties. Given a banking shock, traditional and populist parties propose alternative bailout policies, where short termism characterizes the populistic policy. The citizens...
Persistent link: https://www.econbiz.de/10012897550
We introduce concepts and measures relating to inequality between identity groups. We define and discuss the concepts of Representational Inequality, Sequence Inequality and Group Inequality Comparison. Representational Inequality captures the extent to which an attribute is shared between...
Persistent link: https://www.econbiz.de/10012706442
the rule of law and thereby the welfare of people, and the indomitable tendency of rising and unsustainable inequality in …
Persistent link: https://www.econbiz.de/10011588170
The upward co-movement of income inequality and partisan polarization in the U.S. is typically attributed to intensified class conflict or a political wealth bias. This paper formalizes a theory of polarization where changes in the income distribution do not affect citizens' policy preferences,...
Persistent link: https://www.econbiz.de/10014141820
Since Aristotle, a vast literature has suggested that economic inequality has important political consequences. Higher inequality is thought to increase demand for government income redistribution in democracies and to discourage democratization and promote class conflict and revolution in...
Persistent link: https://www.econbiz.de/10011281602