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unselfish though rational demand for redistribution. This leads the well off to prefer higher taxes and the poor to reject … redistribution by individuals with high income and to a lower demand for redistribution by those with low income. …
Persistent link: https://www.econbiz.de/10011785084
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
Constructing measures of post-tax income inequality that are consistent with national accounts requires the allocation of the entirety of government expenditure to individuals. About half of government expenditure in the United States takes the form of in-kind collective expenditure (e.g.,...
Persistent link: https://www.econbiz.de/10012816827
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