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We analyze how global economic integration of factor markets affects the stability of the macroeconomy, with respect to expectations-driven fluctuations, when countries differ in their labor market institutions. It is shown that, due to the occurrence of equilibrium indeterminacy, liberalization...
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We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method allowing us to … inequality by increasing the income share of the top 20% in contrast to the middle class' share. The tax policy effect accounts … for up to 29% of the total change in inequality; its contribution increases up to 41% if we take into account behavioral …
Persistent link: https://www.econbiz.de/10010329226
policy interacts with redistributive policy and how income inequality affects the degree and the polarization of the …
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, which supports empirical research. Inequality does not appear to be harmful for the environment, and it dampens the effect …
Persistent link: https://www.econbiz.de/10010262943
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method that allows us to …
Persistent link: https://www.econbiz.de/10010278404
This paper studies the impact of the Protestant Reformation on wealth distribution and inequality in confessionally … insiders only. This gave Protestantism an ambiguous character in terms of redistribution and its impact on inequality. I … framework, I document that the Reformation exacerbated inequality overall, by making marginal poor people relatively poorer. The …
Persistent link: https://www.econbiz.de/10014551699
helps to understand the high levels of inequality. The contemporary fiscal version of that assertion goes something like …
Persistent link: https://www.econbiz.de/10014564012
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method that allows us to … tax policy effect aggravated income inequality by increasing the income share of the top 20% in contrast to the middle … class' share. The tax policy effect accounts for up to 29% of the total change in inequality; its contribution increases up …
Persistent link: https://www.econbiz.de/10010291407