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education vouchers for economic growth and the evolution of income inequality. The results indicate that introducing education … vouchers can increase economic growth. Families that switch from public to private education due to vouchers experience higher …This paper uses a growth model with public and private education alternatives to investigate the implications of …
Persistent link: https://www.econbiz.de/10014089359
Does redistribution increase inequality? Is inequality harmfiil for growth? Both questions have recently been addressed … in a number of single-tax models. In this paper, I examine the relationship between policy, growth and inequality when …. Redistributive labor income taxation has a negative impact on short- and long-run growth and inequality while capital taxation …
Persistent link: https://www.econbiz.de/10009774711
The literature on income inequality and growth has considered credit market imperfection to be a key factor in …
Persistent link: https://www.econbiz.de/10012721528
between income distribution and economic growth, can be replaced by an assumption that the bequest function is convex with …
Persistent link: https://www.econbiz.de/10014139381
distribution. We find that economic growth is good for the rich in the sense that the mean income of the top decile of the … growth is really good for the really rich. We also find that during economic downturns, the average income of top earners …
Persistent link: https://www.econbiz.de/10011271631
When measuring income inequality over long periods of time, accounting for population and productivity growth is … income growth than the standard measure. We apply these measures to long-term income data from the United States and find … growth since 1980 than when keeping top groups fixed. For earlier historical periods, our analysis shows that choice of …
Persistent link: https://www.econbiz.de/10011939792
growth dynamics. We find multiple politico-economic regimes where the pressure for redistribution is highly non …
Persistent link: https://www.econbiz.de/10011608803
A controversial new financing phenomenon has recently emerged. New “income share agreements” (“ISAs”) enable an individual to raise funds by pledging a percentage of her future earnings to investors for a certain number of years. These contracts, which have been offered by entities such...
Persistent link: https://www.econbiz.de/10013033194
, income distribution influences the stringency of environmental policy and consequently the growth of a country. Individuals … inequality, environmental protection, and growth. …
Persistent link: https://www.econbiz.de/10011608600
This paper analyzes the effects of personal income tax progressivity on long-run economic growth, income inequality and … effects (lower GDP growth and lower income inequality); and welfare effects (lower dispersion of consumption across … individuals and higher leisure levels, but also lower growth of future consumption). The social discount factor proves to be …
Persistent link: https://www.econbiz.de/10010503356