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There is clear evidence that fairness plays a role in redistribution. Individuals want to compensate others for their misfortune, while they allow them to enjoy the fruits of their effort. Such fairness considerations have been introduced in political economy and optimal income tax models with a...
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until 2008 with the experience of Sweden and Iceland. The working hypothesis is that social capital decay can be a precursor … as well as consequence of slow economic growth and of financial crises. Iceland is a case in point. An increasingly …
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