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This paper uses a growth model with public and private education alternatives to investigate the implications of … education vouchers for economic growth and the evolution of income inequality. The results indicate that introducing education … vouchers can increase economic growth. Families that switch from public to private education due to vouchers experience higher …
Persistent link: https://www.econbiz.de/10014089359
Does redistribution increase inequality? Is inequality harmfiil for growth? Both questions have recently been addressed … in a number of single-tax models. In this paper, I examine the relationship between policy, growth and inequality when …. Redistributive labor income taxation has a negative impact on short- and long-run growth and inequality while capital taxation …
Persistent link: https://www.econbiz.de/10009774711
Persistent link: https://www.econbiz.de/10013388126
Productivity and socio-economic progress are inter-connected. Economic growth funds policies that promote socio …-economic progress, while the latter serves as a growth engine. A society with high mobility is one where individual achievements are …-2011), we identify the causal effect of intergenerational mobility on household expenditure’s future growth. We find that …
Persistent link: https://www.econbiz.de/10011962601
growth dynamics. We find multiple politico-economic regimes where the pressure for redistribution is highly non …
Persistent link: https://www.econbiz.de/10011608803
This paper analyzes the impact of the composition of taxes on economic growth using a panel of OECD countries. In … contrast to Kneller et al. (Fiscal policy and growth: evidence from OECD countries, 1999), over 1980-2005 distortionary … taxation did not reduce growth, while an increase in non-distortionary taxation had a negative association with growth. When …
Persistent link: https://www.econbiz.de/10012028907
education expenses, affect growth in an overlapping generations economy where individuals can be borrowing-constrained on human … capital investment. We show that public loans positively affect growth in the unconstrained economy, while how tax … deductibility affects growth depends on the magnitude of both public loans and tax deductibility. In the borrowing …
Persistent link: https://www.econbiz.de/10012977265
) income distribution dynamics, intergenerational community formation and growth. In a world in which redistributive policies … long run. -- growth ; Community formation ; human capital ; redistribution ; social mobility …
Persistent link: https://www.econbiz.de/10009615432
Cross-country studies have found a negative relationship between income inequality and economic growth. The main … negative relationship between income inequality and growth. The same data-set is used to run structural estimations aimed at … testing several possible channels linking inequality to growth. Although the results are not as strong as in the case of the …
Persistent link: https://www.econbiz.de/10014184728
While most cross-country studies find a negative relationship between income inequality and economic growth, studies … that use panel data suggest the presence of a positive relationship between inequality and growth. This paper uses a cross …-state panel for the U.S. to assess the relationship between inequality and growth. Using both standard fixed effects and GMM …
Persistent link: https://www.econbiz.de/10014120724