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opportunities and outcomes. We elicit redistribution decisions from a U.S.-representative sample who observe worker outcomes and … lucky opportunities. Our findings have implications for models that seek to understand and predict redistribution attitudes …, and help to explain the gap between lab evidence on support for redistribution and U.S. inequality trends …
Persistent link: https://www.econbiz.de/10014357631
In this paper, we propose a novel index for measuring intra-generational redistribution in pay-as-you-go pension …-generational redistribution isolated from possible inter-generational redistribution. We use contribution records of approx. 100,000 German … individuals, who progressed into retirement in 2007-2015, to measure the level of intra-generational redistribution in the German …
Persistent link: https://www.econbiz.de/10012837478
We show how normative standpoints determine optimal taxation of wealth. Since wealth is not equal to capital, we find very different welfare implications of land rent-, bequest- and capital taxation. It is mainly land rents that should be taxed. We develop an overlapping generations model with...
Persistent link: https://www.econbiz.de/10012841621
Electricity transmission redistributes environmental impacts across space. We exploit episodes of high electricity transmission system congestion to explore changes in ambient concentrations of air pollutants in the eastern United States. Reducing electricity system congestion decreases ozone...
Persistent link: https://www.econbiz.de/10012825399
"blunt instrument" for redistribution. To do so we build a model in which workers are heterogeneous in ability, and the … government engages in redistribution through the public provision of private goods. We show that the MW institution is … politically viable only when there is a limited degree of in-kind redistribution. To examine the empirical relevance of our …
Persistent link: https://www.econbiz.de/10012830996
Income equality and trust seem to go along with several other ingredients of social capital as determinants of economic growth across the globe. In a large sample of countries, equality in the distribution of income as measured by the World Bank and by The Standardized World Income Inequality...
Persistent link: https://www.econbiz.de/10012892099
The goal of this paper is to study the effects of introducing income redistribution at the municipal level, with the … decentralizing income redistribution as it may lead to consistent tax manipulation and large distortions in fiscal policy …
Persistent link: https://www.econbiz.de/10012872066
The social cost of carbon is the central economic measure for aggregate climate change damages and functions as a metric for optimal carbon prices. Previous literature shows that inequality significantly influences the level of the social cost of carbon, but mostly neglects a major source of...
Persistent link: https://www.econbiz.de/10012870643
This paper develops a decomposition framework to study the importance of different stabilization channels of an unemployment re-insurance scheme for the euro area. Running counterfactual simulations based on household micro data for the period 2000–16, the paper finds that the re-insurance...
Persistent link: https://www.econbiz.de/10012836930
We show that regional heterogeneity of underlying fundamentals (e.g. economic history, geography, social capital) can lead to extreme voting in federations. When the outcome of federal policies – such as transfer schemes, market regulation or migration laws – depends on these fundamentals,...
Persistent link: https://www.econbiz.de/10012836939