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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
efficiency with a relevant amount of tax revenues and social expenditures. They obviously obtain very high redistribution, above … 15 points. Most of the countries considered show an intermediate level of redistribution (between 7 and 12 points), but … countries show a very low level of redistribution, below 7 points. Interestingly, they vary in the level of tax burden and of …
Persistent link: https://www.econbiz.de/10011865012
What accounts for the growth of US top income inequality? This paper proposes a hierarchical redistribution hypothesis …; and (4) the "fattening" of the entire income distribution tail. This result supports the hierarchical redistribution … hypothesis. It is also consistent with the available empirical evidence on within-firm income redistribution. …
Persistent link: https://www.econbiz.de/10011880804
minimum level of redistribution of wealth which keeps the low class far from economic and social opportunities. …
Persistent link: https://www.econbiz.de/10011899205
the literature have attempted (i) to model different behaviour (in a way that matter for incidence and redistribution of …
Persistent link: https://www.econbiz.de/10011751671
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
In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …
Persistent link: https://www.econbiz.de/10011569042
In determining the optimal redistribution of a given population's income, we ask which factor is more important: the … convex combination of (absolute) income and low relative income. Assuming that the redistribution comes at a cost (because …
Persistent link: https://www.econbiz.de/10011594247
This paper presents a comprehensive analysis of the role of capital taxation in advanced economies with a focus on the Swedish experience. We synthesize the existing theoretical literature, present facts about the capital stock and its distribution, review current capital tax practices and...
Persistent link: https://www.econbiz.de/10011845732
class in exchange of a minimum level of redistribution of wealth which keeps the lower class far from economic and social …
Persistent link: https://www.econbiz.de/10011811294