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We demonstrate that a rank-preserving transfer from a richer individual to a poorer individual can exacerbate income inequality (when inequality is measured by the Gini coefficient). This happens when individuals' preferences depend negatively not only on work time (effort) but also on low...
Persistent link: https://www.econbiz.de/10009680434
What accounts for the growth of US top income inequality? This paper proposes a hierarchical redistribution hypothesis …; and (4) the "fattening" of the entire income distribution tail. This result supports the hierarchical redistribution … hypothesis. It is also consistent with the available empirical evidence on within-firm income redistribution. …
Persistent link: https://www.econbiz.de/10011880804
addition, taxes and transfers contribute less to income redistribution than in other OECD countries. If well designed, reforms …
Persistent link: https://www.econbiz.de/10009767746
addition, taxes and transfers contribute less to income redistribution than in other OECD countries. If well designed, reforms …
Persistent link: https://www.econbiz.de/10014156732
), incorporates social occupations in the lab society, and allows for (voluntary) redistribution among subjects. The results show that …
Persistent link: https://www.econbiz.de/10011455517
Die Betrachtung der Gini-Koeffizienten sowohl vor als auch nach Umverteilung zeigt, dass die Verteilung der …, die den Zielvorgaben für die Einkommensverteilung zugrunde liegen, und argumentiert auf der Grundlage der empirischen … Ergebnisse, dass weder klare Wahl- oder Parteizyklen in den Daten der Einkommensverteilung in den USA zu erkennen sind, noch dass …
Persistent link: https://www.econbiz.de/10014566149
The paper studies the power of educational investments in relation to transfers for fostering lifetime income and for reducing income inequality in Germany. The welfare analysis is based on a model of age-dependent human capital accumulation, featuring dynamic complementarities in skill...
Persistent link: https://www.econbiz.de/10009732726
While there is now something of a consensus in the literature on the economics of happiness that income comparisons to others help determine subjective wellbeing, debate continues over the relative importance of own and reference-group income, in particular in research on the Easterlin paradox....
Persistent link: https://www.econbiz.de/10011295515
We propose a social welfare function to evaluate a profile of income streams and compare the welfare gain of the actual profile relative to the income profile where the individual receives his first period income in each period. We derive necessary and sufficient conditions for the welfare gain...
Persistent link: https://www.econbiz.de/10011919623
The equity versus efficiency approach emphasizes the importance of incentives and would predict a positive relationship between inequality and economic growth. This view was challenged in the 1990s by the incomplete markets and political outcomes theories, because of increasing empirical...
Persistent link: https://www.econbiz.de/10014211711