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Inequality and the environment : the economics of a two-headed hydra

Drupp, Moritz A.; Kornek, Ulrike; Meya, Jasper; Sager, Lutz - 2021

Preserving environmental quality and addressing economic inequality both feature prominently in public discourse. Neither of these two issues can be fully understood in isolation, and policies aiming at one issue will increasingly have to consider interactions with the other. We synthesize...

Persistent link: https://www.econbiz.de/10012694139

Factor income distribution and endogenous economic growth : when Piketty meets Romer

Irmen, Andreas; Tabaković, Amer - 2016

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …

Persistent link: https://www.econbiz.de/10011568791

Income inequality, voting over the size of public consumption, and growth

Grossmann, Volker - 2002

According to a standard argument, higher income inequality fosters redistributive activities of the government in favor of the median income earner. This paper shows that if redistribution is achieved by a public provision of goods and services rather than by transfers, higher income inequality...

Persistent link: https://www.econbiz.de/10011409989

Distribution and growth in an economy with limited needs

Saint-Paul, Gilles - 2001

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...

Persistent link: https://www.econbiz.de/10011398011

The distributional impact of labour market reforms : a model-based assessment

Röger, Werner; Varga, Janos; Veld, Jan in 't; Vogel, Lukas - 2019 - This version: 16 October 2019

This paper studies the effects of labour market reforms on the functional distribution of income in a DSGE model (Roeger et al., 2008) with skill differentiation, in which households supply three types of labour: low-, medium- and high-skilled. The households receive income from labour, tangible...

Persistent link: https://www.econbiz.de/10012118569

What determines the capital share over the long run of history?

Bengtsson, Erik; Rubolino, Enrico; Waldenström, Daniel - 2020

This paper analyzes the determinants of the labor-capital split in national income for 20 countries since the late 1800s. Our main identification strategy focuses on unique historical quasi-experimental events: i) the introduction of universal suffrage, ii) close election wins of left-wing...

Persistent link: https://www.econbiz.de/10012213168

Explaining the decline in the US labor share : taxation and automation

Heer, Burkhard; Irmen, Andreas; Süssmuth, Bernd - 2022

This study provides evidence for the US that the secular decline in the labor share is not only explained by technical change or globalization, but also by the dynamics of factor taxation, automation capital (robots), and population growth. First, we empirically find indications of...

Persistent link: https://www.econbiz.de/10013206154

Redistributive capital taxation revisited

Kina, Özlem; Slavík, Ctirad; Yazici, Hakki - 2020

This paper shows that capital-skill complementarity provides a quantitatively significant rationale to tax capital for redistributive governments. The optimal capital income tax rate is 60%, which is significantly higher than the optimal rate of 48% in an identically calibrated model without...

Persistent link: https://www.econbiz.de/10012299800

The distributional effects of peer and aspirational pressure

Angelopulos, Kōnstantinos; Lazarakis, Spyridon; … - 2019

We develop a theoretical framework where the cross-sectional distributions of hours, earnings, wealth and consumption are determined jointly with a set of expenditure targets defining peer and aspirational pressure for members of different social classes. We show existence of a stationary...

Persistent link: https://www.econbiz.de/10012103597

What drives German trend output growth? : a sectoral view

Lehmann, Robert; Zarges, Lara - 2024 - This version: April 23, 2024

In this paper, we outline material and capital linkages across sectors to quantify the role of the German production network in amplifying sectoral dynamics on aggregate trend gross domestic product growth. This allows us to study the impact of sectoral labor input and total factor productivity...

Persistent link: https://www.econbiz.de/10014528208