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monotonicity. Efficiency: redistribution has no cost. Symmetry: members of the society with the same performance obtain the same … reward after redistribution. Monotonicity: whenever both the performance of a certain member of the society as well as the … overall performance of the society do not decrease, then this member's reward after redistribution does not decrease. …
Persistent link: https://www.econbiz.de/10011673171
This paper examines the fiscal and distributional effects of a number of alternative basic income implementation modes across 28 European welfare states. The paper aims to make three contributions to the literature. Firstly, through the use of EUROMOD's advanced 'add-on' and 'loop' features, we...
Persistent link: https://www.econbiz.de/10012052293
Persistent link: https://www.econbiz.de/10014490013
Understanding the economic and social effects of the recent global trends of rising market concentration and market power has become a policy priority. To fill this knowledge gap, this paper introduces a simple simulation method, the Welfare and Competition tool (WELCOM), to estimate with...
Persistent link: https://www.econbiz.de/10012418634
tax for redistribution, and the latter choosing a local income tax, property tax, lump-sum tax or subsidy, and a local … findings are federal income distribution, little local redistribution, and local preference for property taxation over income …
Persistent link: https://www.econbiz.de/10012480750
This paper assesses the impact of fiscal policy on the incidence, depth, and severity of poverty, and examines whether there is room for an increased role for fiscal policy in improving the wellbeing of the poor. The results show that the combined effect of taxes and social spending helped...
Persistent link: https://www.econbiz.de/10012570925
Persistent link: https://www.econbiz.de/10013474823
We study theoretically and empirically the redistributive effects of extending voting rights to non-citizens. Our model predicts a tax increase when newly enfranchised voters represent a sufficiently large fraction of voters. We study the 1975 Swedish electoral reform that extended voting rights...
Persistent link: https://www.econbiz.de/10013323745
Redistribution is an inevitable feature of collective pension schemes and economic experiments have revealed that most … people have a preference for redistribution that is not merely inspired by self-interest. Interestingly, little is known on … evidence on preferences for redistribution and suggest some links to redistribution through pensions.For that purpose we …
Persistent link: https://www.econbiz.de/10013008208
We build a general equilibrium model of banks' optimal capital structure, where bankruptcy is costly and investors have heterogenous endowments and incur a cost for participating in equity markets. We show that banks raise both deposits and equity, and that investors are willing to hold equity...
Persistent link: https://www.econbiz.de/10012906363