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This paper analyzes the political economy of redistribution between two income groups in a dynamic economy and provides … redistribution and growth is non-monotonic. Moreover, it is shown that in the presence of investment indivisibilities in human … capital and missing capital markets, both the pressure for redistribution and the initial wealth distribution affect economic …
Persistent link: https://www.econbiz.de/10014068613
“the rich are powerful and they dont like taxes, hence we have little taxation and little redistribution.” That is a good … taxation and non-negligible redistributive efforts. But in some of those cases such redistribution comes hand in hand with … outcomes (including the degree of redistribution and others). We postulate that each configuration of social outcomes emerges …
Persistent link: https://www.econbiz.de/10014546295
, and redistribution. Much of the problem stems from model uncertainty about what covariates to use, the relationships … inequality, redistribution, and the duration of growth spells in the presence of a rich set of alternative determinants, by … robustly correlated with longer growth spells. Redistribution appears generally benign for growth spells, but the effect is not …
Persistent link: https://www.econbiz.de/10012942257
production sectors, growth of income and employment over time, the redistribution of income among households in India. While GST …
Persistent link: https://www.econbiz.de/10013248008
Persistent link: https://www.econbiz.de/10010434571
before or after government redistribution, that is, inequality in market incomes, i.e. income derived before taxes and … to have contributed to rising market income inequality, while this was partly mitigated through government redistribution …
Persistent link: https://www.econbiz.de/10011578186
Technological change causes three consequences: it guarantees economic growth, it requires employees to acquire more skills and human capital, and it increases inequality if employees are not capable adapting to new technologies. The second consequence makes it almost necessary for employees to...
Persistent link: https://www.econbiz.de/10011849808
. Redistribution policies via taxes and transfers are a key tool to ensure the benefits of growth are more broadly distributed and the …
Persistent link: https://www.econbiz.de/10010478187
This paper analyses trade and financial openness effects on growth and income inequality in 35 OECD countries. Our model takes into account both short run and long run effects of factors explaining income divergence between and within the countries. We estimate, for the period 1995-2016, an...
Persistent link: https://www.econbiz.de/10012859184
This paper analyzes trade and financial openness effects on growth and income inequality in 35 OECD countries. Our model takes into account both short run and long run effects of factors explaining income divergence between and within the countries. We estimate, for the period 1995-2016, an...
Persistent link: https://www.econbiz.de/10012895707