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new measure developed in this paper. -- Redistribution ; inequality ; income mobility ; political economy ; power … inequality generated in the market? In order to answer these questions, we need to be equipped with adequate measures of … redistribution. Current measures employed in the sociology and politics of redistribution are seriously flawed. This paper elaborates …
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' current income a lump-sum tax reduces inequality if all parents have strict investment incentives. However, if some parents …
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inequality and mobility for demand for redistribution and social insurance. We model the size of two different public programs …, and the demand for redistribution crucially depend on the level of income inequality and mobility. -- redistribution … ; mobility ; inequality ; structure induced equilibrium …
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We calibrate a sequence of four nested models to study the dynamics of wealth accumulation. Individuals maximize a utility function whose arguments are consumption and investment. They desire to accumulate wealth for its own sake - this is not a life-cycle model. A competitive firm produces a...
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