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or redistribution and growth is found. Yet there are signs for a positive association between top incomes and growth …
Persistent link: https://www.econbiz.de/10014038113
addition to the inequality-growth relationship, we examine the direct influence of effective redistribution. When net … inequality is held constant, public redistribution negatively affects economic growth. Redistribution hampers investment and … net inequality, the overall impact of redistribution is insignificant. Whereas this result stems mainly from advanced …
Persistent link: https://www.econbiz.de/10011309192
correlated with faster and more durable growth, for a given level of redistribution. 3. Redistribution appears generally benign … on growth. Thus the combined direct and indirect effects of redistribution – including the growth effects of the … between redistribution and growth. The best available macroeconomic data do not support that conclusion …
Persistent link: https://www.econbiz.de/10014144640
A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
Persistent link: https://www.econbiz.de/10014461501
This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014390535
This paper analyzes the relationship between economic growth, inequality and redistribution. In a cross-country setting … the short run. To estimate the impact of redistribution to low-income earners, we introduce a new measure, the so …-called net benefit share (NBS). Contrary to other findings, we show that this (targeted) redistribution to low income earners (Q1 …
Persistent link: https://www.econbiz.de/10014483700
This paper analyzes the relationship between economic growth, inequality and redistribution. In a cross-country setting … the short run. To estimate the impact of redistribution to low-income earners, we introduce a new measure, the so …-called net benefit share (NBS). Contrary to other findings, we show that this (targeted) redistribution to lowincome earners (Q1 …
Persistent link: https://www.econbiz.de/10014552531
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
the relationship between income redistribution (measured by the ratio of the income distribution resulting from market … processes and the income distribution after redistribution) and ethno-linguistic fractionalization. We find that the impact of … ethno-linguistic fractionalization on income redistribution is conditional on the level of economic freedom: countries that …
Persistent link: https://www.econbiz.de/10010462823
the relationship between income redistribution (measured by the ratio of the income distribution resulting from market … processes and the income distribution after redistribution) and ethno-linguistic fractionalization. We find that the impact of … ethno-linguistic fractionalization on income redistribution is conditional on the level of economic freedom: countries that …
Persistent link: https://www.econbiz.de/10010474859