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"An important element in considering school finance policies is that households are not passive. Instead they respond to policies with a combination of modified residential choice and political choice of tax levels. The highly stylized decision models of most existing analyses, however, lead to...
Persistent link: https://www.econbiz.de/10003435164
We solve the problem of a social planner who seeks to minimize inequality via transfers with a fixed public budget in a distribution of exogenously given incomes. The appropriate solution method depends on the objective function: If it is convex, as in the case of the absolute mean deviation, it...
Persistent link: https://www.econbiz.de/10011513031
-individual redistribution and between- and within-individual insurance. These components are distinguished from perspective of the start of … against wage and family composition shocks is substantial and highly valued by individuals. Within-individual redistribution …
Persistent link: https://www.econbiz.de/10010388606
Korpi and Palme (1998) famously suggested the existence of a Paradox of Redistribution:although programs targeted to … harmonized by LIS. My results showthat the relationship between the redistribution obtained by social transfers and their pro … the rich are unable to reachdown the income ladder and remain stuck at very low levels of redistribution.This reflects how …
Persistent link: https://www.econbiz.de/10012632013
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The debate on whether democracy and inequality increase the level of redistribution is ongoing. We construct a model … that predicts higher probability of redistribution in democracies than autocracies through social transfers. Higher … inequality leads to more redistribution in democracies but not necessarily in autocracies. Using the new data on Non …
Persistent link: https://www.econbiz.de/10011596960
life-cycle model, we find that redistribution by taxes and transfers off sets 54% of the inequality in lifetime earnings …
Persistent link: https://www.econbiz.de/10012108653