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Standard income inequality indices can be interpreted as a measure of welfare loss entailed in departures from equality of outcomes, for egalitarian social welfare functions defined on the distribution of outcomes. But such a welfare interpretation has been criticized for a long time on the...
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The underlying social framework in which we live seems to becoming less social. The connections we have between individuals, businesses, and government has become impersonal and distant. If this is a valid trend of society then our connection with our elected officials may be a lot less...
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This paper analyses incomes and socioeconomic status of internal migrants over time and in comparison to their new … neighbors and investigates whether status consumption is a way for newly arrived city dwellers to signal their social standing …. Using a novel dataset from the emerging economy of Kazakhstan we find that internal migrants earn an income and status …
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We present a mechanism based on managerial incentives through which common ownershipaffects product market outcomes. Firm-level variation in common ownership causes varia-tion in managerial incentives and productivity across firms, which leads to intra-industryand intra-firm cross-market...
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We use a proprietary data set with detailed executive compensation information to examine the relationship between the incentives of the tax director and GAAP and cash effective tax rates, the book-tax gap, and measures of tax aggressiveness. We find that the incentive compensation of the tax...
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