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In this article we quantify the aggregate, distributional and welfare consequences of two revenue neutral flat-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We find that the less progressive reform brings about a 2.4%...
Persistent link: https://www.econbiz.de/10005662104
inequality. However, this is the net result of reduced differences at the bottom and increased differences at the top. So there …
Persistent link: https://www.econbiz.de/10005136407
International surveys reveal wide differences between the views held in different countries concerning the causes of wealth or poverty and the extent to which people are responsible for their own fate. At the same time, social ethnographies and experiments by psychologists demonstrate...
Persistent link: https://www.econbiz.de/10005504312
absolute inequality in welfare achievement, while leaving the change in relative inequality ambiguous. Additionally …
Persistent link: https://www.econbiz.de/10005504401
inequality, and analyses several explanations for this result. A causal link is established by showing that the results are … robust to the inclusion of city fixed-effects and city-specific time trends, and by using inequality in the woman’s state of … birth as a proxy for the local level of male inequality. Increasing male inequality explains about 30% of the marriage rate …
Persistent link: https://www.econbiz.de/10005504574
This paper's point of departure is that low-quality institutions, concentration of political power, and underdevelopment are persistent over time. Its analytical model views an equal distribution of political power as a commitment device to enhance institutional quality thereby promoting growth....
Persistent link: https://www.econbiz.de/10005497846
This Paper develops a model of political consensus in order to explain the missing link between inequality and …-interested politicians propose non-discriminatory policies. We study how much inequality can be sustained in a democracy and how the limits … to redistribution vary with initial inequality. We find that the bounds of the set of political equilibria may react in a …
Persistent link: https://www.econbiz.de/10005497877
, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …
Persistent link: https://www.econbiz.de/10011083769
small body of innovators gain relative to others, innovation may lead to inequality. The evidence on this point is … fragmented, based on cross-sectional evidence on skill premia rather than overall levels of inequality. This paper provides the … first comparative evidence on the link between innovation and inequality in a continental perspective. Using micro data from …
Persistent link: https://www.econbiz.de/10011083831
size, productivity, composition, and inequality of cities, as well as their size distribution in the urban system. …
Persistent link: https://www.econbiz.de/10011084057