How individual income sources affect income inequality has long been important for interpreting economic trends and for making public policy. Whether the issue is changes in budget and tax policies, in social security benefits, or in the treatment of a form of property income, a major part of ...
In this article, we aim to understand how exactly increasing income inequality can lead to support for populist parties. More specifically, we discuss four different attitudinal mechanisms that have been suggested in previous research: economic insecurities, trust in political elites, social integration ...
Does inequality in the distant past affect long-run growth, and if so, how? While these long-standing questions have been examined in a vast theoretical literature, very contrasting views have been reached thus far. The view that inequality fosters growth is shared by classical economists who ar...
aWe construct a simple model to illustrate how income inequality could affect consumption due to the status-seeking motive. In our model, an individual lives for two periods, and there is some exogenously given income in the first period, Y1. He consumes C1 and saves S=Y1-C1 in the first...
Social security benefits are partially taxable, depending on your filing status and your other income. Some states tax Social Security benefits. What are my Social Security benefits? Social Security benefits include: Monthly retirement benefits. The amount is based on your income during your working ...
This paper tests a straightforward implication of the basic Life Cycle model of consumption: that current consumption depends on expected lifetime income. The paper projects future income for a panel of households and finds that consumption is closely related to projected current income, but unrelated...
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"For example, the retirement account balance gap for women aged 55 to 64 was 38.7%," she said. "On the other hand, theSocial Security benefitsgap and the pension income gap were considerably lower at 24.7% and 18.7%, respectively." ...
How does income inequality affect market outcomes in vertically differentiated markets? The distribution of consumer incomes is a key factor in determining the structure of a vertically differentiated industry when consumer's willingness to pa... AV Yurko - 《International Journal of Industrial Organizati...
income inequality. Governments aim to redistribute wealth by taxing luxury goods and reducing the disparity between the rich and the poor. This revenue taken from the wealthy can then be used to fund programs that benefit lower-income populations, such as education, healthcare, and social welfare...