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inequality and mobility for demand for redistribution and social insurance. We model the size of two different public programs …, and the demand for redistribution crucially depend on the level of income inequality and mobility …
Persistent link: https://www.econbiz.de/10013121332
Consider an economy populated by males and females, both rich and poor. The society has to choose one of the following marriage institutions: polygyny, strict monogamy, and serial monogamy (divorce and remarriage). After having identified the conditions under which each of these equilibria...
Persistent link: https://www.econbiz.de/10013104965
The intergenerational elasticity of income is considered one of the best measures of the degree to which a society gives equal opportunity to its members. While much research has been devoted to measuring this reduced-form parameter, less is known about its underlying structural determinants....
Persistent link: https://www.econbiz.de/10013147548
effects on people's preferences for redistribution. In areas with larger inflows in the 1940s, people have substantially … higher demand for redistribution more than 50 years later …
Persistent link: https://www.econbiz.de/10012912247
This paper formulates a structural dynamic programming model of preschool investment choices of altruistic parents and then empirically estimates the structural parameters of the model using the NLSY79 data. The paper finds that preschool investment significantly boosts cognitive and...
Persistent link: https://www.econbiz.de/10013080874
equilibrium theory with heterogeneous skills predicts a complementarity between trade and political regimes. Openness should …
Persistent link: https://www.econbiz.de/10013088332
This paper examines the sources of differences in social mobility between the U.S. and Denmark. Measured by income mobility, Denmark is a more mobile society, but not when measured by educational mobility. There are pronounced nonlinearities in income and educational mobility in both countries....
Persistent link: https://www.econbiz.de/10012987694
Increasing inequality and associated egalitarian sentiments have again put redistribution on the political agenda …. Other-regarding preferences may also affect support for redistribution, but knowledge about their distribution in the … national plebiscites, to study the link between other-regarding preferences and support for redistribution in a broad sample of …
Persistent link: https://www.econbiz.de/10014083850
' policy choices by transferring money to them. We observe very high levels of redistribution – even when transfers to …
Persistent link: https://www.econbiz.de/10013134222
agents' biased perceptions with this information has a significant effect on their stated preferences for redistribution … levels of redistribution when informed of their true ranking. This relationship between biased perceptions and political … attitudes provides an alternative explanation for the relatively low degree of redistribution observed in modern democracies …
Persistent link: https://www.econbiz.de/10013125167