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This research exploits novel evidence on current and historical inequality dynamics, as well as an instrumental variable (IV) strategy (founded on historical settler mortality à la Acemoglu et al.), to document the fundamental role of income redistribution through taxes and transfers in...
Persistent link: https://www.econbiz.de/10013235206
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
significantly worse. The mean decomposition reveals that as much as 55 per cent of the caste earnings gap could be attributed to the … face greater discrimination. …
Persistent link: https://www.econbiz.de/10011325714
Expectations and information about the growth of GDP per capita have a large influence on decisions made by private and public economic agents. It will be argued here that GDP (per capita) is far from a robust indicator of social welfare, and that its use as such must be regarded as a serious...
Persistent link: https://www.econbiz.de/10011372528
In this paper we assess intergenerational mobility in terms of education and income rank in five Latin American countries—Brazil, Chile, Ecuador, Mexico, and Panama—by accounting for the education and occupation of both parents. Based on the method proposed by Lubotsky and Wittenberg (2006),...
Persistent link: https://www.econbiz.de/10014468166
and services. On the one hand, it pushes beyond purely economic inequality to include status inequality between population …: the absenteeism of service providers. We provide experimental evidence that in a situation of status inequality between … perceived to belong to low-status ethnic groups. In particular, we present results from two complementary randomized survey …
Persistent link: https://www.econbiz.de/10011659597
Based on the game-theoretical model approach, I analyze the equilibrium state in the finitely repeated networked prisoner's dilemma. From the 1st round to round t_c, all players play the simple two-person prisoner's dilemma game with a partner randomly selected. From round t_c to the final...
Persistent link: https://www.econbiz.de/10014256284
Social norms of cooperation are studied under several forms of communication. In an experiment, strangers could make public statements before playing a prisoner's dilemma. The interaction was repeated indefinitely, which generated multiple equilibria. Communication could be used as a tool to...
Persistent link: https://www.econbiz.de/10011737254
We consider extensive-form games in which players have the option to commit to actions before the game is played. We focus on commitment procedures where players make voluntary irreversible commitments in a prescribed order over the decision nodes. We study whether such commitment procedures may...
Persistent link: https://www.econbiz.de/10014135380
Does monitoring past conduct facilitate intertemporal cooperation? We designed an experiment characterized by strategic uncertainty and multiple equilibria where coordinating on the efficient outcome is a challenge. Participants, interacting anonymously in a group, could pay a cost either to...
Persistent link: https://www.econbiz.de/10011713674