| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4395 |
| DP4395 Financial Market Integration and Economic Growth in the EU | |
| Luigi Guiso; Marco Pagano; Tullio Jappelli; Mario Padula | |
| 发表日期 | 2004-06-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper analyses an unusually conservative type of redistribution. We take land from the very rich, as usual, but give it to the rich instead of the poor. We show that this type of reform reduces agency costs, thus increasing productivity, total surplus in the economy, and workers? welfare. Compared to the classic redistribution ?to the tiller? it does worse in terms of equity and does not give the poor a collaterizable asset but it is likely to be more sustainable, both economically and politically. |
| 主题 | Public Economics |
| 关键词 | Land reforms Inequality Redistribution Moral hazard |
| URL | https://cepr.org/publications/dp4395 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533352 |
| 推荐引用方式 GB/T 7714 | Luigi Guiso,Marco Pagano,Tullio Jappelli,et al. DP4395 Financial Market Integration and Economic Growth in the EU. 2004. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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