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Public and Private Insurance with Costly Transactions

Bertola, Giuseppe; Koeniger, Winfried - C.E.P.R. Discussion Papers - 2010

We characterize how public insurance schemes are constrained by hidden financial transactions. When non-exclusive private insurance entails increasing unit transaction costs, public transfers are only partly offset by hidden private transactions, and can influence consumption allocation. We show...

Persistent link: https://www.econbiz.de/10008682880

Baumol’s cost disease and the sustainability of the welfare state

Andersen, Torben M; Kreiner, Claus Thustrup - C.E.P.R. Discussion Papers - 2013

If productivity increases more slowly for services than for manufactured goods, then services suffer from Baumol’s cost disease and tend to become relatively more costly over time. Since the welfare state in all countries is an important supplier of tax financed services, this translates into...

Persistent link: https://www.econbiz.de/10011084168

Public Debt and Redistribution with Borrowing Constraints

Bilbiie, Florin Ovidiu; Monacelli, Tommaso; Perotti, Roberto - C.E.P.R. Discussion Papers - 2012

, however, zero. With sticky prices, Ricardian equivalence always fails. A Robin-Hood, revenue-neutral redistribution to …

Persistent link: https://www.econbiz.de/10011084445

Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area

Adam, Klaus; Zhu, Junyi - C.E.P.R. Discussion Papers - 2014

We document the presence of sizable distributional effects from unexpected price level movements in the Euro Area (EA) using sectoral accounts and newly available data from the Household Finance and Consumption Survey. The EA as a whole is a net winner of unexpected price level increases, with...

Persistent link: https://www.econbiz.de/10011084690

Social mobility and redistributive taxation

Konrad, Kai A.; Morath, Florian - C.E.P.R. Discussion Papers - 2010

We investigate redistributive taxation in a political economy experiment and determine how different patterns of social mobility affect the choices of redistributional taxes. In the absence of social mobility, voters choose tax rates that are very well in line with the prediction derived in the...

Persistent link: https://www.econbiz.de/10008607502

Forbidden Fruits: The Political Economy of Science, Religion, and Growth

Bénabou, Roland; Ticchi, Davide; Vindigni, Andrea - C.E.P.R. Discussion Papers - 2015

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious and economic lines. History offers many examples of the recurring tensions between science and organized religion, but as part of the paper’s motivating evidence we also...

Persistent link: https://www.econbiz.de/10011262883

Real Effects of Inflation Through the Redistribution of Nominal Wealth

Doepke, Matthias; Schneider, Martin - C.E.P.R. Discussion Papers - 2005

redistribution brought about by a moderate inflation episode. Redistribution takes the form of 'ends-against-the-middle': the middle … calibrated OLG model is used to assess the macroeconomic implications of this redistribution under alternative fiscal policy … rules. We show that inflation-induced redistribution has a persistent negative effect on output, but improves the weighted …

Persistent link: https://www.econbiz.de/10005789015

The Burden and Disincentive Effects of Hungarian Personal Taxes 1988-96

Newbery, David M G; Revesz, Tamas - C.E.P.R. Discussion Papers - 1997

The paper analyses the revenue-raising, distributional and incentive effects of the personal tax system in Hungary from the start of the transitional tax reforms of 1988, and develops methods for estimating marginal indirect taxes. It evaluates the distributional impact of revenue-neutral...

Persistent link: https://www.econbiz.de/10005789193

Undesirable Redistributions in the Retirement-Public Pension Schemes: The Italian Case Study

Schioppa, Padoa; Kostoris, Fiorella - C.E.P.R. Discussion Papers - 1990

This paper uses comparative statistics in a simple three-period overlapping generations model to show that any pay-as-you-go mechanism for public retirement pensions, when adopted in a dualistic economic system, penalises the most dynamic demographic groups, i.e., the <MI>developing<D> rather than the...</d></mi>

Persistent link: https://www.econbiz.de/10005791243

Interregional Redistribution and Mobility in Federations: A Positive Approach

Hansen, Nico; Kessler, Anke - C.E.P.R. Discussion Papers - 2004

The Paper studies the effects and the determinants of interregional redistribution in a model of residential and … redistribution always leads to the divergence of regional policies and per capita incomes. Thus, interregional redistribution …

Persistent link: https://www.econbiz.de/10005791306