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This paper examines the impact of income growth and income inequality on household saving rates and payoffs in a non-cooperative game where each player’s payoff depends on her present and future consumption and her rank in the present consumption distribution. The setting is a pooling...
Persistent link: https://www.econbiz.de/10011877943
This paper examines the impact of income growth and income inequality on household saving rates and payoffs in a non-cooperative game where each player's payoff depends on her present and future consumption and her rank in the present-consumption distribution. The setting is a pooling...
Persistent link: https://www.econbiz.de/10011789399
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This chapter reviews the basic conceptual foundations for the measurement of polarization, the origins of those foundations, how polarization is distinct from inequality and other ways of considering distances and differences across individuals, and how polarization can be measured in an...
Persistent link: https://www.econbiz.de/10014025346
This paper models the interaction between individuals' identity choices and redistribution. Both redistributive policies and identity choices are endogenous, and there might be multiple equilibria. The model is applied to ethnicity and social class. In an equilibrium with high taxes, the poor...
Persistent link: https://www.econbiz.de/10003456071
The extant literature on status-signalling primarily adopts Veblen's theory of class to caste and racial identities. This study aims to adopt a more suitable theoretical lens that is more relevant not only for class identities, but also for other identities such as caste and race. By viewing...
Persistent link: https://www.econbiz.de/10014314769