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metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012002880
damage function. This result offers a simple rule to account for inequality in the design of climate policy. We show that … wealthier regions should bear more responsibility for carbon capture to cleanse the atmosphere, and that inequality per se does … capture serves as a redistribution tool when direct lump-sum transfers across regions are unfeasible. …
Persistent link: https://www.econbiz.de/10014632377
metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social … cost of carbon, but mostly neglects a major source of inequality - heterogeneity in income below the national level. We … inequality between and within countries. In particular, we demonstrate that climate and distributional policy cannot be separated …
Persistent link: https://www.econbiz.de/10012870643
inequality and economic growth, implying the conclusion that inequality reducing policies will foster economic growth. The … likely to suffer from a severe weak instrument problem in the inequality-growth setting because lagged differences of … inequality have practically no explanatory power for current inequality levels. Thus, it is biased in the direction of OLS and …
Persistent link: https://www.econbiz.de/10011627022
This Article examines property law’s effect on economic inequality, particularly centered on Thomas Piketty’s findings … growth, capital concentrates among the wealthy, and—in other words—increases economic inequality. This Article focuses on how … light of property law’s correlation with economic inequality. In particular, this Article examines whether reforms would be …
Persistent link: https://www.econbiz.de/10013296986
We test for different theories purporting to explain cross-country differences in income redistribution through … standardized experimental choices. US Americans and Italians demand less redistribution than Norwegians and Germans, regardless of … overconfidence by US Americans and Italians further reduces their demand for redistribution under uncertainty. The "Prospect of …
Persistent link: https://www.econbiz.de/10013488838
to reduce global inequality than do the “fortress welfare states” of the Organisation for Economic Cooperation and … Development (OECD) countries. If OECD countries were to imitate the GCC it would reduce global inequality by more than full … inequality-reducing migration and internal equality. The online appendix may be found at http://ssrn.com/abstract=2755304 …
Persistent link: https://www.econbiz.de/10014141591
We provide an experimental test of theories to explain differences in redistribution preferences across countries. We … involved participants in standardized situations of redistribution in four Western countries, varying the relevance of self …-interest and uncertainty over initial earnings. Demand for redistribution is, on average, lower in the US and Italy than in Norway …
Persistent link: https://www.econbiz.de/10013336228
I propose a model of income redistribution in an open-economy environment. The world consists of a finite number of … income. While tax competition limits the extent to which redistribution is possible-as compared to the closed-economy outcome …
Persistent link: https://www.econbiz.de/10010528950
Persistent link: https://www.econbiz.de/10001603416