Showing 1 - 10 of 137
This paper investigates how people differentiate between inequality caused by talent and inequality caused by luck in a … large-scale study of the US population. We establish that people distinguish significantly between inequality due to luck … and inequality due to talent, even when controlling for their beliefs about the extent to which these factors are within …
Persistent link: https://www.econbiz.de/10015327145
Economic disruptions generally create winners and losers. The compensation problem consists of designing a reform of the existing income tax system that offsets the welfare losses of the latter by redistributing the gains of the former. We derive a formula for the compensating tax reform and its...
Persistent link: https://www.econbiz.de/10013364538
flows and the domestic economic performances when explicitly accounting for wealth inequality on imperfect capital markets …
Persistent link: https://www.econbiz.de/10013370058
We present a theoretical framework that links trust, trustworthiness and inequality. It is assumed that an individual … decreases when interpersonal income differences increase. As a consequence, inequality affects trust via the individual …-specific perception of inequality which might not coincide with aggregate measures of inequality like the Gini coefficient. We work out …
Persistent link: https://www.econbiz.de/10013370128
results suggest that there is room for harmonization of economic environments across countries regarding decreasing inequality …
Persistent link: https://www.econbiz.de/10013370137
Piketty (2017) argues in favor of a multidimensional and relational approach to the analysis of wealth inequality … countries. We discuss many potential advantages of this class typology in measuring and analyzing wealth and wealth inequality …
Persistent link: https://www.econbiz.de/10013370140
In several publications, starting more than a decade ago, Peter Flaschel and co-authors have outlined the features of a 'social capitalism' as a normative alternative to the liberal and financialised capitalism of the Anglo-Saxon type, but also to the undemocratic Chinese-type of state...
Persistent link: https://www.econbiz.de/10013412266
This paper re-examines the relationship between per capita income, inequality, and per capita emissions while … scale, the effect of inequality on emissions should vary depending on the level of income per capita. Specifically, for a … policies, and thus, lower inequality is beneficial for the environment. With nonhomothetic preferences, the beneficial …
Persistent link: https://www.econbiz.de/10013470523
Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality … shock increases the profit share and the within-workers inequality (in real terms), since low-wage workers are more affected …
Persistent link: https://www.econbiz.de/10014000446
policy may have contributed to the persistent growth in income inequality in Japan, as measured by metrics such as the Gini …
Persistent link: https://www.econbiz.de/10014000501