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. Policymakers should consider the links between inequality and informality because badly designed informality-reducing policies may …Higher inequality reduces capital accumulation and increases the informal economy, which creates additional employment … distribution by providing sources of income for unemployed and marginalized workers. Despite this positive feedback, informality …
Persistent link: https://www.econbiz.de/10013254304
We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are … generated by purely selfish agents. But introducing inequality motivates more productive agents to exert higher efforts and help … disadvantageous inequality. Moreover, the more inequity averse the agents, the more inequality should be imposed even by an …
Persistent link: https://www.econbiz.de/10010278642
The employment of financial development indicators without due consideration to country/regional specific financial development realities remains an issue of substantial policy relevance. Financial depth in the perspective of money supply is not equal to liquid liabilities in every development...
Persistent link: https://www.econbiz.de/10011409823
Persistent link: https://www.econbiz.de/10015072269
The role of inherited wealth in modern economies has increasingly become under scrutiny. This study presents one of the first attempts to shed light on how demographic aging could shape this role. We show that, in the absence of retirement annuities, or for a given level of annuitization, both...
Persistent link: https://www.econbiz.de/10011499894
heterogeneity. When altruism heterogeneity is low, income inequality follows an inverse U-shaped pattern relative to the level of … altruism, which is consistent with the cross-country Kuznets curve. When altruism heterogeneity is high, income inequality … linking economic growth and income inequality. …
Persistent link: https://www.econbiz.de/10014384038
Redistribution and the welfare state have been linked by academic discourse to narratives that portray specific societal groups as 'deserving' or 'undeserving'. The present analysis contributes to this scholarship in a twofold manner. First, it provides a holistic view on the beneficiaries and...
Persistent link: https://www.econbiz.de/10014234221
Persistent link: https://www.econbiz.de/10011327157
In cross-sectional studies, countries with greater income inequality typically exhibit less support for government …-led redistribution and greater acceptance of wage inequality (e.g., United States versus Western Europe). If individual nations evolve … along this pattern, a vicious cycle could form with reduced social concern amplifying primal increases in inequality due to …
Persistent link: https://www.econbiz.de/10013112981
Many societies today are experiencing growing inequality in terms of wealth, income, health, education, resources or …, participants were more likely to cooperate when inequality of initial payments was perceived as fair, and less likely to contribute … when inequality was perceived as unfair. We disentangle the effects of inequality and fairness on behavior, and underscore …
Persistent link: https://www.econbiz.de/10012872244