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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
), 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
Persistent link: https://www.econbiz.de/10009724349
; redistribution ; welfare …
Persistent link: https://www.econbiz.de/10009665381
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
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/10009681018
We conduct a laboratory experiment where third-party spectators can redistribute resources between two agents, thereby offsetting the consequences of controllable and uncontrollable luck. Some spectators go to the limits and equalize all or no inequalities, but many follow an interior allocation...
Persistent link: https://www.econbiz.de/10010393298
Standard income inequality indices can be interpreted as a measure of welfare loss entailed in departures from equality of outcomes, for egalitarian social welfare functions defined on the distribution of outcomes. But such a welfare interpretation has been criticized for a long time on the...
Persistent link: https://www.econbiz.de/10011641764
We present a new series for top income concentrations in the United States, using a consistent data construction methodology for the entire range of available data. This is meant to connect efforts that have separately considered pre-1960 and post-1960 inequality measures. Our series improves...
Persistent link: https://www.econbiz.de/10014343887
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