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less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the …
Persistent link: https://www.econbiz.de/10010258037
Does redistribution in democracies cater to the will of the majority? We propose a direct empirical strategy based on … the median voter's preferred amount of redistribution and the probability to serve the median voter increases with the … redistribution. Political absenteeism of the poor cannot explain such outcomes. Rather, they can be explained by the electoral …
Persistent link: https://www.econbiz.de/10010461269
Persistent link: https://www.econbiz.de/10009261638
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
Understanding the distributional impacts of market-based climate policies is crucial to design economically efficient climate change mitigation policies that are socially acceptable and avoid adverse impacts on the poor. Empirical studies that examine the distributional impacts of carbon pricing...
Persistent link: https://www.econbiz.de/10011945782
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
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
Persistent link: https://www.econbiz.de/10013479745
This paper evaluates green stimulus packages that were introduced in response to the global financial crisis (GFC) of 2007-08 and draws lessons relevant for greening the recovery from the Coronavirus (COVID-19) crisis. The paper underscores the importance of building in policy evaluation...
Persistent link: https://www.econbiz.de/10012422663
Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The...
Persistent link: https://www.econbiz.de/10012098159