Showing 1 - 10 of 439
-generational redistribution strategically to make the repayment of debt politically viable? Using a two-generations game-theoretic model, we …
Persistent link: https://www.econbiz.de/10012980578
This paper analyses the importance of fiscal mechanisms for regional risk sharing and redistribution in Switzerland …
Persistent link: https://www.econbiz.de/10012921275
We analyze the redistributive (dis)advantages of a minimum wage over income taxation in competitive labor markets. A minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low-skilled workers. A simple condition based on three sufficient...
Persistent link: https://www.econbiz.de/10013059059
Building on the existing literature that examines the extent of redistribution in the Social Security system as a whole … inequality. Second, we find that this result is driven largely by the lack of redistribution across the middle and upper part of … distribution. Third, in cases where redistribution does occur, we find it is not efficiently targeted: many high income households …
Persistent link: https://www.econbiz.de/10012763992
Redistribution is an inevitable feature of collective pension schemes. It is still largely an open question what people …‘s preferences are regarding redistribution - both through pensions schemes as well as more generally. It would seem that economists … redistribution are strongly dependent on a person‘s own position. People in a relatively disadvantaged position want more …
Persistent link: https://www.econbiz.de/10013316175
According to empirical studies, the life cycle of labor supply volatility exhibits a U-shaped pattern. This may lead to the conclusion that demographic change induces a drop in output volatility. We present an overlapping generations model that replicates the empirically observed pattern and...
Persistent link: https://www.econbiz.de/10013059476
The distributional consequences of the recent economic crisis are still broadly unknown. While it is possible to speculate which groups are likely to be hardest-hit, detailed distributional studies are still largely backward-looking due to a lack of real-time microdata. This paper studies the...
Persistent link: https://www.econbiz.de/10013127632
We analyse the link between supply chains and the extent to which the Great Recession has affected national economies. Our analysis is in two steps, namely first for value added measures of supply chains and then for the Grubel-Lloyd index using gross-export data. Regarding value added measures...
Persistent link: https://www.econbiz.de/10012953709
redistribution of government spending across states did also had a significant influence on the aggregate U.S. economy due to cross …
Persistent link: https://www.econbiz.de/10012954356
Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of modern economic history in the advanced economies. We...
Persistent link: https://www.econbiz.de/10013030308