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lifetime poor as increases to out-of-work benefits. This has important implications for the equity-efficiency trade … are an effective way of targeting the lifetime rich, as incomes are more persistent towards the top of the distribution …
Persistent link: https://www.econbiz.de/10011718884
The distributional impact of proposed reforms plays a central role in public debates around tax and transfer policy. We show that accounting for realistic patterns of mobility in employment, earnings and household circumstances over the life-cycle greatly affects our assessment of the...
Persistent link: https://www.econbiz.de/10011534291
Does parental wealth inequality impact next generation labor income inequality? And does a tax on parental wealth …
Persistent link: https://www.econbiz.de/10012597127
incomes. This paper assesses the net welfare benefit of mobility by assuming both a social aversion to inequality in permanent … and on the inequality of income across individuals. Using panel data, we find that Canada's tax system limits … income equalizing effect of taxes can reach up to 23 percent of mean income at the higher values of inequality aversion that …
Persistent link: https://www.econbiz.de/10009308021
also who moves up and down the income ladder over time. While income inequality has increased in most OECD countries, in … progressive taxation has also reduced the top 1 per cent’s share of disposable income. This paper finds that income inequality … to greater income inequality but also higher upward income mobility. Indeed, the analysis in the paper shows upward …
Persistent link: https://www.econbiz.de/10012202850
support for redistribution. In line with the self-serving bias, those with negative mobility experiences 'blame the system …' and extrapolate from their experience onto society, which increases their demand for redistribution. Conversely, those who … support for redistribution. This suggests a potential demand-side explanation for the Great Gatsby Curve: As overall absolute …
Persistent link: https://www.econbiz.de/10014288922
Persistent link: https://www.econbiz.de/10012508748
support high level of redistribution because they hope to be rich in the future). We consider a setting where individuals … gender. We find that the POUM effect could increase or decrease the support for redistribution depending on the parameters of … of the POUM effect in Italy. -- social mobility ; income distribution ; political economy ; inequality ; taxation …
Persistent link: https://www.econbiz.de/10009731794
redistributions. Nonetheless, the social-mobility argument for redistribution is not satisfactory, as actual transition probabilities …
Persistent link: https://www.econbiz.de/10013321113
This paper investigates inequality and intragenerational economic mobility in a developing country with large … inequality. Understanding economic mobility is important because it shapes our perception of inequality. Despite its significance … countries. Using Thailand's tax return data, we study the evolution of earnings inequality, estimate medium-term earnings …
Persistent link: https://www.econbiz.de/10013484931