In Why Higher Real Wages May Reduce Altruism for the Poor, Ball State economist John B. Horowitz
Question:
In “Why Higher Real Wages May Reduce Altruism for the Poor,” Ball State economist John B. Horowitz considers whether redistribution of income is a public good or a public bad.
a. How might income redistribution be considered a public good?
b. How might income redistribution be considered a public bad?
c. What is the likely effect of higher real wages on whether income redistribution is perceived to be a public good or bad?
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a Income redistribution can be considered a public good in several ways Reduction of Poverty By redistributing income from higherincome individuals to lowerincome individuals income redistribution pro...View the full answer
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