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inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … speaking reflecting inequality) has somewhat interesting effects along the transitional path towards balanced growth. Hereby …
Persistent link: https://www.econbiz.de/10014461501
-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in …
Persistent link: https://www.econbiz.de/10014419242
-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in …
Persistent link: https://www.econbiz.de/10014427523
This paper introduces life expectancy inequality into a tractable Mirrleesian life-cycle model and characterizes the … optimal income tax policy using theory and calibration. A positive association between life expectancy and income counteracts … the well-known static pattern of declining marginal utility. As a result, the mechanical value of redistribution is …
Persistent link: https://www.econbiz.de/10014382962
for the Conservative Party. As far as tolerance for high incomes is related to tolerance of inequality, our results may …
Persistent link: https://www.econbiz.de/10014266908
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Persistent link: https://www.econbiz.de/10012439045
Support for redistribution depends on whether inequality stems from differences in performance or luck, but different … sources of luck may impact redistribution differentially. We elicit redistribution decisions from a U.S.-representative sample … shaping attitudes towards inequality. …
Persistent link: https://www.econbiz.de/10014582297
Can inequality in rewards result in an erosion in broad-based support for meritocratic norms? We hypothesize that … social preferences for redistribution. Two separate experiments (one in the UK and the other in the USA) show that the elite …
Persistent link: https://www.econbiz.de/10014637340