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Concern about income inequality has become prominent in public discourse around the world. However, studies in behavioral economics and psychology have consistently shown that people prefer not equal but fair income distributions. Thus, finding a benchmark that could be used to measure fair...
Persistent link: https://www.econbiz.de/10014243649
Persistent link: https://www.econbiz.de/10014368662
This brief Response to the work of Professors Omri Ben-Shahar and Carl Schneider on mandated disclosure regimes investigates the normative criteria underlying their claim that those regimes are failures. Specifically, it unpacks the pieces of those authors' implicit cost-benefit analysis,...
Persistent link: https://www.econbiz.de/10013081721
Public disclosure laws on politicians' outside income aim to enhance electoral accountability, but their effects remain unclear and may backfire. Using a German disclosure reform, administrative tax data, and a difference-in-difference design, we show that MPs increased their outside income...
Persistent link: https://www.econbiz.de/10015192276
Growing socio-economic inequality poses one of the greatest challenges to society, thereby raising new questions about the responsibility of corporations to address its effects. Inequality also poses material risks on business performance, including inefficient production, reduced innovation,...
Persistent link: https://www.econbiz.de/10013296661
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …
Persistent link: https://www.econbiz.de/10014023678
The systems of inequalities for higher-degree stochastic dominance orders by Kallio and Hardoroudi (2018) are shown to be equivalent to the systems of inequalities by Fang (2014) and Fang and Post (2017), providing a validation of both sets of systems and existing empirical results based thereon
Persistent link: https://www.econbiz.de/10012895971
and one of the authors in [13] and borrows ideas from the kinetic theory of mixtures of rarefied gases. Wealth is …
Persistent link: https://www.econbiz.de/10003876886
Mitigating climate change requires information about the inequality in energy consumption. Recent contributions (Banerjee and Yakovenko, 2010; Lawrence et al., 2013; Yakovenko, 2010, 2013) have studied energy inequality through the lens of maximum entropy. They claim a weighted international...
Persistent link: https://www.econbiz.de/10012117663
This paper confirms recent studies which find little or no sustained increase in the inequality of disposable income for the U.S. population as a whole over the past 20 years, even though estimates of the top 1 percent’s share of pretax, pretransfer (market) income spiked upward in 1986-88,...
Persistent link: https://www.econbiz.de/10014160302