Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/146177 
Autor:innen: 
Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
SFB 649 Discussion Paper No. 2016-008
Verlag: 
Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk, Berlin
Zusammenfassung: 
Given that well-being is a concave function of income, inequality is inefficient from a utilitarian perspective. This paper proposes a way to express the utilitarian benefit from redistributive reforms in terms of out- put, i.e. as a share of GDP. Three applications are presented: First, in nine European countries under study, a mild increase in government redis- tribution allows for gains in well-being equivalent to 8.9%-20.2% of higher GDP, and 55.8% for the US. Second, in the US, redistributing income in excess of the level at the 99th percentile is as beneficial as a 39.5% GDP-increment. Third, revoking government redistribution in Germany reduces welfare by the same amount as a 25.4% decline in output.
Schlagwörter: 
Income Distribution
Inequality
JEL: 
D31
D63
Dokumentart: 
Working Paper

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