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sustained bias towards more risky investment decisions, while disaggregated income taxation (comparable to a transaction … taxation with loss offset) does not. We suggest that this bias may be exploited to increase the volume of private investments …
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inequality. These perceptions might have a social and a geographical bias, i.e. individuals will put a higher weight on others … is influenced by individual perceptions of inequality and that these perceptions involve a considerable social bias …
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When based on perceived rather than on objective income distributions, the Meltzer-Richards hypothesis and the POUM hypothesis work quite well empirically: there exists a positive link between perceived inequality or perceived upward mobility and the extent of redistribution in democratic...
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