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voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … altruistic transfers by Pareto-efficient public redistribution. The chapter is organized as follows. Section 2 presents an …
Persistent link: https://www.econbiz.de/10014023678
function with weights decreasing with income. However, high transfer withdrawal rates in many countries imply very low weights …) to allow for alternatives to welfarism. We calculate weights of a social planner's function as implied by the German tax … and transfer system based on the concepts of welfarism, minimum absolute and relative sacrifice, as well as subjective …
Persistent link: https://www.econbiz.de/10011729171
social security system does not generate muchvertical redistribution. However, income redistribution takes placewithin the …This article is a comparative analysis of the sources of income inequalityin four countries, namely Japan, South Korea …, Taiwan and the UnitedKingdom. It relies upon decompositions of inequality measures bypopulation groups and income sources …
Persistent link: https://www.econbiz.de/10008733221
" repeatedly vote for redistribution policies and engage in production. We find that women vote for more egalitarian redistribution …
Persistent link: https://www.econbiz.de/10012815445
We study the design of child-care policies when redistribution matters. Traditional mothers provide some informal child … redistribution across couples and efficiency are separable. Redistribution is performed via lump-sum transfers and taxes which are … care at a Pigouvian rate. However, in a second-best setting, a trade-off between efficiency and redistribution emerges. The …
Persistent link: https://www.econbiz.de/10012129857
decade. Galor identified three forms of long run percapita income convergence: absolute convergence, whereby convergence …
Persistent link: https://www.econbiz.de/10005870759
As part of an endeavour to explain the divergence in incomes per capita between North and South America new institutional economics (NIE) and economic history have attempted in recent years to realize the potential effort for illumination derivable from comparisons of the heritage of their...
Persistent link: https://www.econbiz.de/10005870783
It is worth distinguishing social exclusion from social isolation, definingsocial isolation as the phenomenon of non-participation (of anindividual or group) in a society’s mainstream institutions, whilereserving ‘social exclusion’ for the subset of cases in which socialisolation occurs...
Persistent link: https://www.econbiz.de/10008756560
Earnings inequality has increased substantially since the 1970s. Using evidence changes from con…dential Census data on U.S. law offices on lawyers'organization and earnings, we study the extent to which the mechanism suggested by Lucas (1978) and Rosen (1982), a scale of operations effect...
Persistent link: https://www.econbiz.de/10008860707
This paper introduces various sources of consumer heterogeneity in one-sector representative consumer (RC) growth models and develops tools to study the evolution of the distribution of consumptions, assets and incomes.[...]
Persistent link: https://www.econbiz.de/10009305094