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This Article examines property law’s effect on economic inequality, particularly centered on Thomas Piketty’s findings … property law works to increase the rate of return on capital above economic growth. First, this Article begins by examining how … different aspects of property law work to increase the rate of return on capital. Second, this Article presents a way forward in …
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This paper analyzes how the possibility to complement social income insurance schemes with private insurance affects the political support for social insurance. It is shown that political support for social insurance is weakly decreasing in the replacement rate. Policy makers seeking to maintain...
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A real-effort experiment is conducted in order to detect preferences for one out of three different models of the Welfare State characterized by different tax-and-transfer schemes. We reproduce a small society in the lab where: Subjects are grouped in three stylized classes (the rich, the middle...
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