Showing 1 - 10 of 303
This paper analyzes the effects of information about inequality and taxes on preferences for redistribution using … interactive information on U.S. income inequality, the link between top income tax rates and economic growth, and the estate tax …. We find that the informational treatment has very large effects on whether respondents view inequality as an important …
Persistent link: https://www.econbiz.de/10011084154
This paper provides a comprehensive survey of seven aspects of rising inequality that are usually discussed separately …: changes in labor’s share of income; inequality at the bottom of the income distribution, including labor mobility; skill …-biased technical change; inequality among high incomes; consumption inequality; geographical inequality; and international differences …
Persistent link: https://www.econbiz.de/10005123580
-2006. While there has been no increase in aggregate happiness, inequality in happiness has fallen substantially since the 1970s … happiness by education have widened substantially. We develop an integrated approach to measuring inequality and decomposing … changes in the distribution of happiness, finding a pervasive decline in within-group inequality during the 1970s and 1980s …
Persistent link: https://www.econbiz.de/10005136431
rise in income inequality. Poverty has increased sharply with an estimated 18.5% of the population on incomes below the …
Persistent link: https://www.econbiz.de/10005498039
The paper examines the appropriate domain of the Welfare State by exploring the areas in which free enterprise fails to provide adequate welfare state services. The paper outlines a simple coherent strategy for formulating government welfare state policy by identifying the relevant market...
Persistent link: https://www.econbiz.de/10005788942
This Paper analyses dynamic equilibrium risk sharing contracts between profit-maximizing intermediaries and a large pool of ex-ante identical agents that face idiosyncratic income uncertainty that makes them heterogeneous ex-post. In any given period, after having observed their income, the...
Persistent link: https://www.econbiz.de/10005498096
This Paper explores the implications of the recent sharp rise in US wage inequality for welfare and the cross … than wage dispersion, due to a rise in the correlation between wages and hours worked. Over the same period, inequality in … hours worked remained roughly constant, and consumption inequality increased only modestly. Using data from the PSID, we …
Persistent link: https://www.econbiz.de/10005656181
We study infrequent durables stock adjustment by consumers who also derive utility from non-durable consumption flows …
Persistent link: https://www.econbiz.de/10005114208
In this paper we develop a theory of time-inconsistency and regret that is motivated by evidence on a 'price discrimination' technique widespread in the United States, namely mail-in-rebate promotions. Our model combines partial naivete about future self-control problems and the sunk-cost effect...
Persistent link: https://www.econbiz.de/10005114356
Female 'empowerment' has increasingly become a policy goal, both as an end to itself and as a means to achieving other development goals. Microfinance in particular has often been argued, but not without controversy, to be a tool for empowering women. Here, using a randomized controlled trial,...
Persistent link: https://www.econbiz.de/10005792103