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Bigger governments raise the possibilities for corruption; more corruption may in turn raise the support for redistributive policies that intend to correct the inequality and injustice generated by corruption. We formalize these insights in a simple dynamic model. A positive feedback from past...
Persistent link: https://www.econbiz.de/10012467282
This paper summarizes recent empirical research on the determinants of subjective well-being. Results from national and international samples suggest that measures of social capital, including especially the corollary measures of specific and general trust, have substantial effects on well-being...
Persistent link: https://www.econbiz.de/10012466864
The distribution of human capital and income lies at the center of a nexus of forces that shape a country's economic, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth consequences. Five main issues are addressed. First, I...
Persistent link: https://www.econbiz.de/10012468322
Sweden has a remarkable record in reducing inequality and virtually eliminating poverty. This paper shows that: 1) Sweden achieved its egalitarian income distribution and eliminated poverty largely because of its system of earnings and income determination, not because of the homogeneity of the...
Persistent link: https://www.econbiz.de/10012473954
Using friendship data from Facebook, we study the effects of three aspects of social capital on household financial behavior. We find that the most important measure of social capital in explaining stock market and saving participation is Economic Connectedness, defined as the fraction of one's...
Persistent link: https://www.econbiz.de/10014512040
Two types of political conflicts of interest pervade many of the world's societies. A horizontal conflict of interest arises when different constituencies support different policies, while a vertical conflict of interest emerges when those in charge of running the government acquire and retain...
Persistent link: https://www.econbiz.de/10012456815
strong intrinsic desire for progressive redistribution. Intuitively, taxing their effort at a lower rate stimulates their …
Persistent link: https://www.econbiz.de/10012461624
redistribution. Immigration has increased native welfare in almost all countries. Both high-skilled and low-skilled natives benefit …
Persistent link: https://www.econbiz.de/10012458533
Preferences for redistribution, as well as the generosities of welfare states, differ significantly across countries … 1990, East Germans lived under a Communist regime with heavy state intervention and extensive redistribution. We find that …, after German reunification, East Germans are more in favor of redistribution and state intervention than West Germans, even …
Persistent link: https://www.econbiz.de/10012466972
imperfections make future earning a function of current resources. Combined with the politics of redistribution this creates the … potential for multiple steady-states, with mutually reinforcing high inequality and low redistribution, or vice-versa. Temporary …
Persistent link: https://www.econbiz.de/10012473265