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Bargaining over Taxes and Entitlements in the Era of Unequal Growth

Azzimonti, Marina; Karpuska, Laura; Mihalache, Gabriel - National Bureau of Economic Research - 2022

Entitlement programs have become an increasing component of total government spending in the US over the last six decades. To some observers, this growth of the welfare state is excessive and unwarranted. To others, it is a welcome counter-acting force to the rapid increase in income inequality....

Persistent link: https://www.econbiz.de/10013210072

Micro vs Macro Labor Supply Elasticities : The Role of Dynamic Returns to Effort

Kleven, Henrik Jacobsen; Kreiner, Claus Thustrup; … - National Bureau of Economic Research - 2023

A key contention in economics is the discrepancy between micro and macro elasticities of labor supply with respect to marginal tax rates. We revisit this question, focusing on the role of dynamic returns to effort among top earners. We develop a new model of earnings responses to taxes in the...

Persistent link: https://www.econbiz.de/10014337783

The Effect of Inequality on Redistribution : An Econometric Analysis

Boskin, Michael J.; Elnahal, Kareem; Zhang, Adam - National Bureau of Economic Research - 2024

redistribution and a modest effect of two year led inequality …

Persistent link: https://www.econbiz.de/10014544770

Reference Points and Redistributive Preferences : Experimental Evidence

Charité, Jimmy - 2015

If individuals evaluate outcomes relative to the status quo, then a social planner may limit redistribution from rich … know (when we observe near-complete redistribution). Subjects who are themselves risk-seeking over losses drive the effect … suggest that respect for reference points of the wealthy may help explain why voters demand less redistribution than standard …

Persistent link: https://www.econbiz.de/10012457659

Corruption, Inequality and Fairness

Alesina, Alberto - 2005

simple dynamic model. A positive feedback from past to current levels of taxation and corruption arises either when wealth …

Persistent link: https://www.econbiz.de/10012467282

Fairness and Redistribution : U.S. versus Europe

Alesina, Alberto - 2003

their effort, it will chose low redistribution and low taxes. In equilibrium effort will be high, the role of luck limited …

Persistent link: https://www.econbiz.de/10012469200

Uncertainty, Redistribution, and the Labor Market

Mulligan, Casey B. - 2013

Uncertainty and its composition can affect the demand for social insurance, and thereby the labor market. This paper shows that small to medium-sized increases in uncertainty or risk aversion are enough to recommend an expansion of the safety net that would be broadly similar to the actual...

Persistent link: https://www.econbiz.de/10012459108

The Evolution of Ideology, Fairness and Redistribution

Alesina, Alberto F. - 2009

redistribution. We study the dynamic evolution of different economies in which redistributive policies, perceptions of fairness … inequality, redistribution and growth. We also show how different beliefs about fairness can keep two otherwise identical …, inequality and growth are jointly determined. We show how including fairness explains various observed correlations between …

Persistent link: https://www.econbiz.de/10012463062

Data and Welfare in Credit Markets

Jansen, Mark; Nagel, Fabian; Yannelis, Constantine; … - National Bureau of Economic Research - 2022

We show how to measure the welfare effects arising from increased data availability. When lenders have more data on prospective borrower costs, they can charge prices that are more aligned with these costs. This increases total social welfare, and transfers surplus from borrowers to lenders. We...

Persistent link: https://www.econbiz.de/10013334452

Disasters with Unobservable Duration and Frequency : Intensified Responses and Diminished Preparedness

Acharya, Viral V.; Johnson, Tim; Sundaresan, Suresh M.; … - National Bureau of Economic Research - 2023

We study an economy subject to recurrent disasters when agents have imprecise information about the frequency and duration of the disasters. Uncertainty about the persistence of states can lead to seemingly pessimistic behavior in bad times and optimistic behavior in good times. In a disaster,...

Persistent link: https://www.econbiz.de/10014247988