Cognitive Barriers to Reducing Income Inequality

From income inequality to economic inequality

Focus must be shifted from income inequality to economic inequality because of the presence of causal influences on individual well-being and freedom that are economic in nature but cannot be expounded by simple statistics of incomes and commodity holdings. Attention must be given to heterogeneous magnitudes. Moreover, there is a need for the derivation of partial orderings based on explicit or...

Real Utopian Proposals for reducing Income and wealth Inequality

Contribution of Leasehold Forests in Reducing Income Inequality

Structural transformation in the economy and institutional innovations bring changes in the socio--economic dynamics in the society. This leads to changes in the pattern of income distribution, poverty and income inequality. Environmental resources such as forest still make significant contribution in rural household economy. The leasehold forestry program for the poor introduced in the last de...

Inequality reducing properties of progressive income tax schedules: The case of endogenous income

The case for progressive income taxation is often based on the classic result of Jakobsson (1976) and Fellman (1976), according to which progressive and only progressive income taxes—in the sense of increasing average tax rates on income—ensure a reduction in income inequality. This result has been criticized on the grounds that it ignores the possible disincentive effect of taxation on work ef...

Modelling health, income and income inequality: the impact of income inequality on health and health inequality.

A framework is developed to analyse the impact of the distribution of income on individual health and health inequality, with individual health modelled as a function of income and the distribution of income. It is demonstrated that the impact of income inequality can generate non-concave health production functions resulting in a non-concave health production possibility frontier. In this cont...