Showing 1 - 10 of 275
Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality when the rich have a higher marginal savings rate than the poor. More unequal societies grow faster in the transition process, and therefore exhibit a higher speed of convergence....
Persistent link: https://www.econbiz.de/10010316050
We explore how the underemployment problem of less-developed economies is related to income inequality. Our crucial assumption is that consumers have non-homothetic preferences over differentiated products of formal-sector goods and thus that inequality affects the composition of aggregate...
Persistent link: https://www.econbiz.de/10010316054
There is no consensus on how to measure interpersonally comparable, cardinal utility. Despite of this, people repeatedly make welfare evaluations in their everyday lives. However, people do not always agree on such evaluations, and this is one important reason for political disagreements. Thus,...
Persistent link: https://www.econbiz.de/10011967891
We use a CGE model to estimate the social cost of a marginal increase in public expenditure in Norway. Norway exemplifies an economy with high taxes. Distortionary taxes imply wedges between the market prices and the corresponding shadow prices. The shadow prices are unobservable, which is the...
Persistent link: https://www.econbiz.de/10011968166
to a comparative evaluation. We don’t give answers, but hope at least to give the right questions to ask. …
Persistent link: https://www.econbiz.de/10010676258
This article explores whether altruistic preferences toward households in poor high-temperature countries stimulate global warming policies within rich low-temperature countries that avoids damage from global warming. The article analyzes optimal carbon taxes on commodities within such rich...
Persistent link: https://www.econbiz.de/10014563896
We present a framework to identify and evaluate marginal tax reforms when merit good arguments and environmental concerns are given explicit consideration. It is applied to the Norwegian indirect tax system for 1999. The analysis shows that the reform passed in Parliament in November 2000 had a...
Persistent link: https://www.econbiz.de/10011968225
The European competition rules restrict governments' opportunity to differentiate terms of energy accessibility among firms and industries. This easily runs counter with regional and industrial goals of national energy policies. Norway levies a tax on use of electricity, but exempts main...
Persistent link: https://www.econbiz.de/10011968325
The European Union (EU) identified some positive and negative externalities related to energy production and consumption when adopting its Renewable Energy and Climate Change Package. Given these externalities, we derive the optimal combination of policy instruments. Thereafter, we explore the...
Persistent link: https://www.econbiz.de/10011968380
This study investigates whether excess effort to climb a career ladder justifies policy interventions. The answer depends on whether the government is able to levy a higher tax burden on career workers than on non-career workers. Both a tax on top income aimed at lowering the rewards of...
Persistent link: https://www.econbiz.de/10011968456