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Distribution of wealth and interdependent preferences

Grodner, Andrew; Kniesner, Thomas J. - 2008

We examine the socially optimal wealth distribution in a two-person two-good model with heterogeneous workers and asymmetric social interactions where only one (social) individual derives positive or negative utility from the leisure of the other (non-social) individual. We show that the...

Persistent link: https://www.econbiz.de/10010268569

Formality, informality, and social welfare

Bennett, John - 2008

is shown how the formal-informal mix depends on the distribution of ability, product demand and various parameter values …. The industry equilibrium is compared to one in which informality is prohibited. With relatively high product demand, the … profit is redistributed towards more able entrepreneurs. With relatively low product demand the opposite effects obtain. We …

Persistent link: https://www.econbiz.de/10010268865

Why praise inequality? Public good provision, income distribution and social welfare

Dasgupta, Indraneel - 2009

We consider a two-person Cournot game of voluntary contributions to a public good with identical individual preferences, and examine equilibrium aggregate welfare under a separable, symmetric and concave social welfare function. Assuming the public good is pure, Itaya, de Meza and Myles (Econ....

Persistent link: https://www.econbiz.de/10010269097

On the measurement of long-term income inequality and income mobility

Aaberge, Rolf; Mogstad, Magne - 2010

This paper proposes a two-step aggregation method for measuring long-term income inequality and income mobility, where mobility is defined as an equalizer of long-term income. The first step consists of aggregating the income stream of each individual into a measure of permanent income, which...

Persistent link: https://www.econbiz.de/10010269542

Health and income: a robust comparison of Canada and the US

Duclos, Jean-Yves; Échevin, Damien - 2009

This paper uses sequential stochastic dominance procedures to compare the joint distribution of health and income across space and time. It is the first application of which we are aware of methods to compare multidimensional distributions of income and health using procedures that are robust to...

Persistent link: https://www.econbiz.de/10010269622

Measuring long-term inequality of opportunity

Aaberge, Rolf; Mogstad, Magne; Peragine, Vito - 2010

In this paper, we introduce and apply a general framework for evaluating long-term income distributions according to the Equality of Opportunity principle. Our framework allows for both an ex-ante and an ex-post approach to EOp. Our ex-post approach relies on a permanent income measure defined...

Persistent link: https://www.econbiz.de/10010269663

Cream-skimming, parking and other intended and unintended effects of performance-based contracting in social welfare services

Koning, Pierre; Heinrich, Carolyn J. - 2010

In a growing number of countries, the delivery of social welfare services is contracted out to private providers, and increasingly, using performance-based contracts. Critics of performance-based incentive contracts stress their potential unintended effects, including cream-skimming and other...

Persistent link: https://www.econbiz.de/10010269674

Inequality, inequity aversion, and the provision of public goods

Kölle, Felix; Sliwka, Dirk; Zhou, Nannan - 2011

We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are inequity averse and may differ in ability. We show that equality may lead to a reduction of public good provision below levels generated by purely selfish agents. But introducing...

Persistent link: https://www.econbiz.de/10010278642

Mobility, taxation and welfare

Bibi, Sami; Duclos, Jean-Yves; Araar, Abdelkrim - 2011

Income mobility is often thought to equalize permanent incomes and thereby to improve social welfare. The welfare analysis of mobility often fails, however, to account for the cost of the variability of periodic incomes around permanent incomes. This paper assesses the net welfare benefit of...

Persistent link: https://www.econbiz.de/10010278751

A Theory of Child Targeting

Bargain, Olivier; Donni, Olivier - Institute for the Study of Labor (IZA) - 2007

. We consider a household that comprises an adult and a child. The household behavior is described by the maximization of …

Persistent link: https://www.econbiz.de/10005566826