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"A number of studies have examined the implications of preference interdependence. This paper models utility as depending on other people's consumption levels and shows that welfare declines with inequality, equilibrium inequality is inefficient, and the optimal intervention leads to a more...
Persistent link: https://www.econbiz.de/10002345036
In a model with heterogeneous workers and both intensive and extensive margins of employment, we consider two systems of redistribution: a universal basic income, and a categorical unemployment benefit. Well-being depends on own-consumption relative to average employed workers' consumption, and...
Persistent link: https://www.econbiz.de/10013136943
-utility constrained social optimum. Unexpectedly, numerical simulations show that this theory could account for the observed distribution …
Persistent link: https://www.econbiz.de/10010528644
If satisfaction with life (SWL) is used to measure individual wellbeing, the dispersion of its distribution offers a comprehensive measure of inequality that subsumes the many and various component forms of inequality in particular domains. The cross-country correlation between the level of SWL...
Persistent link: https://www.econbiz.de/10012456772
Persistent link: https://www.econbiz.de/10015055378
Persistent link: https://www.econbiz.de/10011628604
"A number of studies have examined the implications of preference interdependence. This paper models utility as depending on other people's consumption levels and shows that welfare declines with inequality, equilibrium inequality is inefficient, and the optimal intervention leads to a more...
Persistent link: https://www.econbiz.de/10010522974
A number of studies have examined the implications of preference interdependence. This paper models individual utility as depending either on the level of other people's consumption or on the difference in consumption levels. It assumes that the impact of an increase in other people's...
Persistent link: https://www.econbiz.de/10014069912
A number of studies have examined the implications of preference interdependence. This paper models individual utility as depending either on the level of other people's consumption or on the difference in consumption levels. It assumes that the impact of an increase in other people's...
Persistent link: https://www.econbiz.de/10012559782
Persistent link: https://www.econbiz.de/10002435352