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We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance … is affected by redistribution. We estimate utility weights for the different sources of demand for redistribution, with …
Persistent link: https://www.econbiz.de/10009781859
This paper studies the origin of Piketty's inequality between the profit rate (r) and the growth rate of the national income (g) by focusing on the growth rate (gamma) of the r⁄g ratio in an economy that grows gradually along a succession of production cycles. It is shown that, given a...
Persistent link: https://www.econbiz.de/10012894463
redistribution. Estimating a DSGE model with microdata on the support for redistribution, I find that if voters disregarded their … ideological views on welfare policies, redistribution in the US would increase 117%. Because ideology is a more important … on redistribution. Among the drivers of ideology, I find that racial animosity and distrust of the government contributes …
Persistent link: https://www.econbiz.de/10013393544
We incorporate the division of income between capital and labor into analysis on the relationship between inequality and growth. Using historical data, we document that changes in the top 1 % income shares are positively associated with subsequent growth of per capita GDP when the capital share...
Persistent link: https://www.econbiz.de/10013239632
. In accordance with the theory, the empirical evidence from a sample of developed and developing democracies supports a …
Persistent link: https://www.econbiz.de/10012854035
a two-party system in which the left-wing party has a larger preference for redistribution than the right-wing party … government has incentives to fi- nance redistribution via external debt to avoid distortionary income taxation. On the other hand …
Persistent link: https://www.econbiz.de/10014248102
redistribution policies. The interaction of the two effects has so far not been analyzed in isolation. We find that the direction of … and redistribution levels. …
Persistent link: https://www.econbiz.de/10010439388
redistribution policies. The interaction of the two effects has so far not been analyzed in isolation. We find that the direction of … and redistribution levels. …
Persistent link: https://www.econbiz.de/10010365909
mechanism through which the pressure for redistribution can be highly non linear therefore providing an explanation as to … long run. -- growth ; Community formation ; human capital ; redistribution ; social mobility …
Persistent link: https://www.econbiz.de/10009615432
mechanism through which the pressure for redistribution can be highly non linear therefore providing an explanation as to why …
Persistent link: https://www.econbiz.de/10014127229