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来源类型Working Paper
规范类型报告
DOI10.3386/w15076
来源IDWorking Paper 15076
The Equality Multiplier
Erling Barth; Karl O. Moene
发表日期2009-06-11
出版年2009
语种英语
摘要Equality can multiply due to the complementarity between wage determination and welfare spending. A more equal wage distribution fuels welfare generosity via political competition. A more generous welfare state fuels wage equality further via its support to weak groups in the labor market. Together the two effects generate a cumulative process that adds up to an important social multiplier. We focus on a political economic equilibrium which incorporates this mutual dependence between wage setting and welfare spending. It explains how almost equally rich countries differ in economic and social equality among their citizens and why countries cluster around different worlds of welfare capitalism---the Scandinavian model, the Anglo-Saxon model and the Continental model. Using data on 18 OECD countries over the period 1976-2002 we test the main predictions of the model and identify a sizeable magnitude of the equality multiplier. We obtain additional support for the cumulative complementarity between social spending and wage equality by applying another data set for the US over the period 1945-2001.
主题Public Economics ; National Fiscal Issues ; Labor Economics ; Labor Compensation ; Other ; Economic Systems
URLhttps://www.nber.org/papers/w15076
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/572752
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GB/T 7714
Erling Barth,Karl O. Moene. The Equality Multiplier. 2009.
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