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Schulz, Karl - 2021

Wealthier households obtain higher returns on their investments than poorer ones. How should the tax system account for this return inequality? I study capital taxation in an economy in which return rates endogenously correlate with wealth. The leading example is a financial market, where the...

Persistent link: https://www.econbiz.de/10012499593

Efficiency and equity aspects of energy taxation

Vandyck, Toon - 2013

We analyse the distributional effects of increased oil excises in Belgium by combining a Computable General Equilibrium (CGE) model with the EUROMOD microsimulation framework that exploits the rich detail of household-level data. The link between the CGE model and the micro level is top-down,...

Persistent link: https://www.econbiz.de/10009772546

Efficiency and equity aspects of energy taxation

Vandyck, Toon - 2013 - First draft

We analyse the distributional effects of increased oil excises in Belgium by combining a regional Computable General Equilibrium (CGE) model with a microsimulation framework that exploits the rich detail of household-level data. The results suggest that policymakers face an equity-efficiency...

Persistent link: https://www.econbiz.de/10011534699

The grand experiment of communism : discovering the trade-off between equality and efficiency

Farvaque, Étienne; Mihailov, Alexander; Naghavi, Alireza - 2011

This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and social preferences transmitted by ideology. We introduce inequality-averse and inefficiency-averse agents and analyze their conflict through the interaction between leaders with...

Persistent link: https://www.econbiz.de/10011737097

Efficiency and voluntary redistribution under inequality

Aoyagi, Masaki; Nishimura, Naoko; Okano, Yoshitaka - 2017

This paper presents an experimental analysis of 2x2 coordination games in which player 1 earns a substantially higher payoff than player 2 except in the inefficient equilibrium where they earn the same payoffs. The main focus is on the comparison of two treatments with and without the ex post...

Persistent link: https://www.econbiz.de/10011617904

Efficiency and Voluntary Redistribution under Inequality

Aoyagi, Masaki - 2017

This paper presents an experimental analysis of 2×2 coordination games in which player 1 earns a substantially higher payoff than player 2 except in the inefficient equilibrium where they earn the same payoffs. The main focus is on the comparison of two treatments with and without the ex post...

Persistent link: https://www.econbiz.de/10012961111

Is a minimum wage an appropriate instrument for redistribution?

Gerritsen, Aart; Jacobs, Bas - 2014

minimum wage causes more unemployment, but also leads to more skill formation as unemployment is concentrated on low … gains of more skill formation outweigh the social welfare losses of increased unemployment. Using a highly conservative …

Persistent link: https://www.econbiz.de/10010234542

The fair-minded rich and healthy? : (youth) unemployment, inequality and fairness concerns in preferences for redistribution

Armbruster, Stephanie - 2020

Do rising inequality and youth unemployment aect preferences for redistribution? Using country-level European survey … data from 2002 to 2015, I show that changes in market inequality and the rise of (youth) unemployment increase preferences … market income inequality and (youth) unemployment. The preferences of the relatively rich and healthy are more responsive to …

Persistent link: https://www.econbiz.de/10012195792

Top incomes, rising inequality, and welfare

Lansing, Kevin J.; Markiewicz, Agnieszka - 2015

We introduce permanently-shifting income shares into a standard growth model with two types of agents. Capital owners represent the top quintile of U.S. households while workers represent the remainder. Our tractable model allows us to exactly replicate the observed U.S. time paths of the top...

Persistent link: https://www.econbiz.de/10011343080

Unilateral Tax Policy in the Open Economy

Kohl, Miriam; Richter, Philipp M. - 2021

This paper examines the effects of a unilateral reform of the redistribution policy in an economy open to international trade. We set up a general equilibrium trade model with heterogeneous agents allowing for country asymmetries. We show that under international trade compared to autarky, a...

Persistent link: https://www.econbiz.de/10013212255