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Redistribution, inequality, and growth revisited : comment on "Redistribution, inequality, and growth: new evidence"
Jäntti, Markus; Pirttilä, Jukka; Rönkkö, Risto - 2020
An influential paper by Berg et al., 'Redistribution, inequality, and growth: new evidence', uses the SWIID data to … examine the impact of inequality and redistribution on growth in both developing and developed countries. It finds that while … inequality is harmful for growth, redistribution does not hamper growth. This comment demonstrates that the redistribution and …
Persistent link: https://www.econbiz.de/10012299793
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Redistribution around the world : causes and consequences
Jäntti, Markus; Pirttilä, Jukka; Rönkkö, Risto - 2016
This paper re-examines the determinants and consequences of redistribution in light of improved data and methods … the best available estimates of both pre- and post-redistribution inequality for the largest set of countries and periods … redistribution and the impacts of redistribution on growth can be misleading. …
Persistent link: https://www.econbiz.de/10011568157
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The inequality-growth relationship : an empirical reassessment
Kolev, Galina V.; Niehues, Judith - 2016 - Working paper version
Recently, some influential empirical studies found evidence in favour of a negative relationship between income inequality and economic growth, implying the conclusion that inequality reducing policies will foster economic growth. The studies have in common that they all rely on the System GMM...
Persistent link: https://www.econbiz.de/10011627022
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When Aiyagari meets Piketty : Growth, Inequality and Capital Shares
Juuti, Toni; Heimonen, Kari; Junttila, Juha-Pekka; … - 2021
We incorporate the division of income between capital and labor into analysis on the relationship between inequality and growth. Using historical data, we document that changes in the top 1 % income shares are positively associated with subsequent growth of per capita GDP when the capital share...
Persistent link: https://www.econbiz.de/10013239632
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Inequality Affects Long-Run Growth : Cross-Industry, Cross-Country Evidence
Gutierrez-Romero, Roxana - 2020
The theoretical literature has predicted that inequality affects long-run growth by reducing human and physical capital, particularly in the presence of imperfect credit markets and other contractual frictions. We test these four mechanisms using measures of inequality at the country-level,...
Persistent link: https://www.econbiz.de/10012835129
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Your place in the world relative income and global inequality
Fehr, Dietmar; Mollerstrom, Johanna; Perez-Truglia, Ricardo - 2021
There is abundant evidence on individual preferences for policies that reduce national inequality, but only little evidence on preferences for policies addressing global inequality. To investigate the latter, we conduct a two-year, face-to-face survey experiment on a representative sample of...
Persistent link: https://www.econbiz.de/10012507321
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The Social Cost of Carbon and Inequality : When Local Redistribution Shapes Global Carbon Prices
Kornek, Ulrike - 2019
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a 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...
Persistent link: https://www.econbiz.de/10012870643
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Redistribution between Rich and Poor Countries
Stewart, Miranda - 2018
The topic of redistribution between rich and poor countries opens a can of worms. This paper first inquires into what … we mean by some of these words and second, considers the role of taxation in redistribution. It briefly considers the … various modes of redistribution to address poverty and inequality, including the role of taxation, within a country before …
Persistent link: https://www.econbiz.de/10012925020
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Distributional impacts of climate mitigation policies : a meta-analysis
Ohlendorf, Nils; Jakob, Michael; Minx, Jan C.; … - 2018
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
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Why do preferences for redistribution differ across countries? : an experimental analysis
Grimalda, Gianluca; Farina, Francesco; Conte, Anna; … - 2022
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