Inequality aversionRedistributionWe investigate the effects of inequality aversion on equilibrium labor supply, tax revenue, income inequality, and median voter outcomes in a society where agents have heterogeneous skill levels. These outcomes are compared to those which result from the behavior of ...
The central question: Can the capture of "economic rents" by those at the top of the income distribution explain therising inequalitythat fuels patrimonial capitalism? There are two definitions of economic rents -- a textbook definition, and a definition that prevails in more common usage. The t...
to understand that America, as outlined in the Constitution is a Republic, not a democracy. Madison does an excellent job comparing the two principles in Federalist paper X. In a democratic society, a small minority of people can take things from others, in this c...
How does government intervention improve society's welfare by changing people's incentives? How do antipoverty programs discourage the poor from working? How can disincentive be reduced? Identify any disadvantages to an antipoverty policy? Explain the broadened concept of income, which includes the ef...
Based on well-established theories of work-life balance, we hypothesize that work-life conflict does indeed play a significant role in the three dimensions of wellbeing, and that the wellbeing effects are mediated by work and family wellbeing. We will try to answer this question and test our...
[65]. Our metric of LYL does not rely on such extrapolation as it is time-bound to the point where all patients have been followed up. We acknowledge that the social and economic costs of a patient death go far beyond 3 years. However, our estimates bounded at 3 years make the costs...
“Equality is really something that touches every aspect of policy. As inequality has become one of the dominant problems in our society, we have to use that lens of how policy affects inequality,” says Stiglitz. “For instance, monetary policy, it used to be...
How does sociology affect public policy?Public Policy:Public policy is a broadly defined and often vague term that refers to the position or actions of a governing body. Often, the policy involves both laws and how a body chooses to address problems through the application of laws....
How can external forces affect a society?Answer and Explanation: Hi, The following video will help you understand the man versus society conflict is when a protagonist has a strong belief against the majority of the community or surroundings and decides to act on it. Since this ty...
Social economics is primarily concerned with the interplay between social processes and economic activity within a society. Social economics may attempt to explain how a particular social group or socioeconomic class behaves within a society, including their actions as consumers. ...