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Persistent link: https://www.econbiz.de/10012655244
We introduce a skewness-based approach to measure tax progression and demand for redistribution. We provide a political … economy foundation for a novel measure of skewness by expressing key properties of the classical model of voting over income … redistribution (Meltzer and Richard, 1981) and the Prospect Of Upward Mobility (POUM) mechanism (Benabou and Ok, 2001), as well as …
Persistent link: https://www.econbiz.de/10012934159
One prominent strand of the new growth theory has identified the political process as a potential channel to link high … inequality to lower long-term growth. Several authors have argued that higher inequality causes higher demand for redistribution …, which leads to greater redistribution and higher taxes, and which is in turn harmful to growth. This article addresses the …
Persistent link: https://www.econbiz.de/10012717027
comparison of two treatments with and without the ex post redistribution stage in which both players may voluntarily transfer …
Persistent link: https://www.econbiz.de/10012961111
We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance … is affected by redistribution. We estimate utility weights for the different sources of demand for redistribution, with …
Persistent link: https://www.econbiz.de/10013077859
We use a highly-controlled laboratory experiment to study the causal impact of income decreases on redistribution …-personal decreases create dissatisfaction for an individual, that person may support redistribution policies that compensate him or her … experience decreasing wages. While many studies examine the effect of income inequality on redistribution decisions, this is the …
Persistent link: https://www.econbiz.de/10012825124
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/10013315527
We link life-satisfaction data to inequality of the pre- and post-government income distribution at the regional level, to estimate the degree of inequality aversion. Three different inequality measures are used. In addition, we investigate whether a reduction in inequality by the state...
Persistent link: https://www.econbiz.de/10013319575
We look at the effect of domestic redistribution policy on offshoring in an asymmetric two country model of … monopolistic competition, heterogeneous firms and occupational choice. The redistribution scheme is modeled by a combination of a … progressive income tax and a lump-sum transfer. We find that the redistribution scheme lowers the degree of globalization measured …
Persistent link: https://www.econbiz.de/10013338060
We study how measures of socioeconomic health inequality inform about welfare inequality. We argue that transfers of either income or health from a better off to a worse off individual should reduce welfare inequality. Lacking an objective measure of individual welfare, we suggest that such a...
Persistent link: https://www.econbiz.de/10015057694