Giacomo Corneo

What’s the Monetary Value of Distributive Justice? (2007)

Giacomo Corneo, Christina M. Fong, Michele Bernasconi, Sam Bowles, Andrew Clark, Claudio Lucifora, ...

Abstract. This paper proposes a model that can be implemented to estimate the willingness to pay for distributive justice, defined as distribu-tion according to desert. We derive a formula that...

The Rise and Likely Fall of the German Income Tax, 1958-2005 (2005)

Corneo, Giacomo

Data from official statistics and tax laws are exploited to describe fifty years of income taxation in Germany, with a focus on its role as a fiscal and distributive tool. The temporal pattern that...

Work and Television (2001)

Corneo, Giacomo

Evidence from a sample of countries show that people roughly spend as much time watching television as earning their living. Moreover, television viewing and work hours are positively correlated...

Conspicuous Consumption and the Existence of Upward Sloping Demand Curves (1994)

Giacomo Corneo, Olivier Jeanne, Jel-classification D

This paper develops a theoretical framework for studying conspicuous consumption. This is modeled as a device that signals the consumer's social status. Status is some function of the...

A Theory of Fashion Based on Segmented Communication (1994)

Giacomo Corneo, Olivier Jeanne

Fashion is a popular style of behavior at a given time or place. In this paper we model fashion as a dynamic phenomenon, characterized by fragility of mass behavior and life cycles. Conformity of...

Top Incomes and Top Taxes in Germany

Stefan Bach, Giacomo Corneo, Viktor Steiner

We analyze the distribution and taxation of top incomes in Germany during the 1990s on the basis of individual tax returns data. We derive a measure of economic income from taxable gross income as...

Top Incomes and Top Taxes in Germany

Stefan Bach, Giacomo Corneo, Viktor Steiner

We analyze the distribution and taxation of top incomes in Germany during the 1990s on the basis of individual tax returns data. We derive a measure of economic income from taxable gross income as...

Social Organization in an Endogenous Growth Model.

Corneo, Giacomo, Jeanne, Olivier

We develop an endogenous growth model in which individuals form matches in order to consume goods that are not explicitly traded. The matching process endogenously generates a concern for relative...

Media Capture in a Democracy: The Role of Wealth Concentration

Giacomo Corneo

Since objective news coverage is vital to democracy, captured media can seriously distort collective decisions. The current paper develops a voting model where citizens are uncertain about the...

A Theory of Tolerance

Corneo, Giacomo, Jeanne, Olivier

We develop an economic theory of tolerance where styles of behaviour are invested with symbolic value. Value systems are endogenous and taught by parents to their children. In conjunction with actual...

What’s the Monetary Value of Distributive Justice?

Giacomo Corneo, Christina M. Fong

This paper proposes a model that can be implemented to estimate the willingness to pay for distributive justice. A formula is derived that allows one to recover the willingness to pay for...

What's the monetary value of distributive justice?

Corneo, Giacomo, Fong, Christina

This paper develops a simple theoretical model that can be implemented to estimate the willingness to pay for distributive justice. We derive a formula that allows one to recover the willingness to...

A Theory of Tolerance

Giacomo Corneo, Olivier Jeanne

We develop an economic theory of tolerance where lifestyles and traits are invested with symbolic value by people. Value systems are endogenous and taught by parents to their children. In conjunction...

From Bottom to Top: The Entire Distribution of Market Income in Germany, 1992 - 2001

Stefan Bach, Giacomo Corneo, Viktor Steiner

We analyze the distribution and concentration of market incomes in Germany in the period 1992 to 2001 on the basis of an integrated data set of individual tax returns and the German Socio-Economic...

From Bottom to Top: The Entire Distribution of Market Income in Germany, 1992-2001

Stefan Bach, Giacomo Corneo, Viktor Steiner

We analyze the distribution and concentration of market incomes in Germany in the period 1992 to 2001 on the basis of an integrated data set of individual tax returns and the German Socio-Economic...

From Bottom to Top: The Entire Distribution of Market Income in Germany, 1992-2001

Bach, Stefan, Corneo, Giacomo, Steiner, Viktor

We analyze the distribution and concentration of market incomes in Germany in the period 1992 to 2001 on the basis of an integrated data set of individual tax returns and the German Socio-Economic...

Conspicuous Consumption and the Existence of Upward Sloping Demand Curves

Giacomo Corneo, Olivier Jeanne

The paper develops a theoretical framework for studying conspicuous consumption. This is modeled as a device that signals the consumer's social status. Status is some function of the individual's...

A Theory of Fashion Based on Segmented Communication

Giacomo Corneo, Olivier Jeanne

Fashion is a popular style of behavior at a given time or place. In this paper we model fashion as a dynamic phenomenon, characterized by fragility of mass behvior and life cycles. Conformity of...

Effective Taxation of Top Incomes in Germany, 1992 - 2002

Stefan Bach, Giacomo Corneo, Viktor Steiner

We analyze the taxation of top personal incomes in Germany on the basis of an integrated data file of individual tax returns and a general household survey for the years 1992 - 2002. The unique...

Status, the Distribution of Wealth, and Growth.

Corneo, Giacomo, Jeanne, Olivier

We analyze a simple model of endogenous growth in which individuals care about both consumption and their rank in the distribution of wealth. We show that the steady-growth rate of the economy...

Capital Taxation May Survive in Open Economies

Michael Braulke, Giacomo Corneo

When capital is perfectly mobile across countries and labour is fixed, a source-based tax on capital both reduces and redistributes world income. We show that under plausible circumstances there...

Effective Taxation of Top Incomes in Germany, 1992-2002

Stefan Bach, Giacomo Corneo, Viktor Steiner

We analyze the taxation of top personal incomes in Germany on the basis of an integrated data file of individual tax returns and a general household survey for the years 1992 - 2002. The unique...

Inequality and the State: Comparing U.S. and German Preferences

Giacomo Corneo

Survey data from the United States, West Germany and East Germany are analyzed to compare individual attitudes towards political redistribution in each country. In West Germany the "homo oeconomicus...

The Efficient Side of Progressive Income Taxation

Giacomo Corneo

This paper examines the allocative implications of progressive income taxation when individuals care about their relative income. It shows that tax progressivity might improve efficiency, and the...

Work and Television

Giacomo Corneo

In OECD countries watching television is by far the most time-consuming form of leisure. Surprisingly, television viewing is positively correlated with work hours across countries. A simple model...

From Bottom to Top : The Entire Distribution of Market Income in Germany, 1992-2001

Stefan Bach, Giacomo Corneo, Viktor Steiner

We analyze the distribution and concentration of market incomes in Germany in the period 1992 to 2001 on the basis of an integrated data set of individual tax returns and the German Socio-Economic...

Work and Television

Corneo, Giacomo

Evidence from a sample of countries show that people roughly spend as much time watching television as earning their living. Moreover, television viewing and work hours are positively correlated...

Symbolic Values, Occupational Choice, and Economic Development

Giacomo Corneo, Olivier Jeanne

Channeling human resources into the right occupations has historically been a key to economic prosperity. Occupational choices are not only driven by the material rewards associated with the various...

Individual Preferences for Political Redistribution

Corneo, Giacomo, Grüner, Hans Peter

What drives people's support of governmental reduction of income inequality? We employ data from a large international survey in order to evaluate the explanatory power of three competing forces,...

Working in Public and Private Firms

Corneo, Giacomo, Rob, Rafael

We develop a theoretical framework for comparing the style of work in public and private enterprises. We incorporate ‘socializing’, as an activity that yields utility for workers and affects a...

Work and Television

Corneo, Giacomo

Nowadays, people in OECD countries spend about as much time watching television as earning a living. In this Paper I report a puzzling fact about those time uses: television viewing and work hours...

Media Capture and Wealth Concentration

Corneo, Giacomo

While objective news coverage is vital to democracy, media bias can seriously distort collective decisions. This Paper develops a voting model where citizens are uncertain about the welfare effects...

Was hätte man sonst machen können? Alternativszenarien zur rot-grünen Einkommensteuerreform

Timm Bönke, Giacomo Corneo

We employ a large sample of individual tax returns data to simulate alternatives to the income tax reform introduced in Germany by the governmental coalition of Social Democrats and Greens in 1998....

Verteilungsarithmetik der rot-grünen Einkommensteuerreform

Giacomo Corneo

I compare the distribution of net incomes in Germany before and after the reform of the personal income tax introduced by the governmental coalition of Social Democrats and Greens. In contrast with...

Charity and redistributive taxation in a unionized economy

Corneo, Giacomo

European economies are characterized by unionized labor markets and governmental redistribution of income. This paper studies a model where those two features are combined with the possibility for...

FROM BOTTOM TO TOP: THE ENTIRE INCOME DISTRIBUTION IN GERMANY, 1992-2003

Stefan Bach, Giacomo Corneo, Viktor Steiner

We analyze the distribution of market income in Germany in the period 1992 to 2003 on the basis of an integrated dataset that encompasses the whole spectrum of the population, from the very poor to...

Symbolic Values, Value Formation and Interpersonal Relations

Corneo, Giacomo

Interpersonal relations are shaped by the judgements associated with the social categories that individuals perceive in their social contacts. I develop a model of how those judgments form based on a...

A theory of tolerance

Corneo, Giacomo, Jeanne, Olivier

We propose a theory of tolerance where endogenous lifestyles and exogenous traits are invested with symbolic value by people. Value systems chosen by parents for their children affect the esteem...

Symbolic values, occupational choice, and economic development

Corneo, Giacomo, Jeanne, Olivier

Channeling human resources into the right occupations has historically been a key to economic prosperity. Occupational choices are not only driven by the material rewards associated with the various...

Steuern die Steuern Unternehmensentscheidungen?

Corneo, Giacomo

I discuss the theoretical and empirical underpinnings of recent and announced tax policy of the German government. In contrast to a popular view, I argue that German tax policy should focus less on...

Erhöht die Riester-Förderung die Sparneigung von Geringverdienern?

Corneo, Giacomo, Keese, Matthias, Schröder, Carsten

In 2001 the German government started to promote the development of private pensions by means of special saving subsidies and tax incentives (Riester-scheme). That policy especially targets...

Charity and redistributive taxation in a unionized economy

Corneo, Giacomo

European economies are characterized by unionized labor markets and a pronounced governmental redistribution of income. This paper studies a model where those two features are combined with the...

Media capture in a democracy: the role of wealth concentration

Corneo, Giacomo

Since objective news coverage is vital to democracy, captured media can seriously distort collective decisions. The current paper develops a voting model where citizens are uncertain about the...

A theory of tolerance

Corneo, Giacomo, Jeanne, Olivier

We develop an economic theory of tolerance where endogenous lifestyles and exogenous traits are invested with symbolic value by people. Value systems are rationally chosen by parents for their...

What´s the monetary value of distributive justice

Corneo, Giacomo, Fong, Christina M.

This paper proposes a model that can be implemented to estimate the willingness to pay for distributive justice, defined as distribution according to desert. We derive a formula that allows one to...