Income inequality in Colombia has declined since the early 2000s but remains very high by international standards. While most of the inequality originates from the labour market, wealth – and thus capital income – is also highly concentrated and the tax and transfer system has little...

Recommended readings (Machine generated): 1. Gary S. Becker (1965), 'A Theory of the Allocation of Time', Economic Journal, 75 (299), September, 493-517 2 -- 2. Reuben Gronau (1973), 'The Intrafamily Allocation of Time: The Value of the Housewives' Time', American Economic Review, 63(4),...

Tax reforms are crucial to promoting inclusive growth in India. The replacement of a myriad of consumption taxes by a Goods and Services Tax (GST) will boost India's competitiveness, investment, job creation and tax compliance. The potential to raise additional revenue from taxes on goods and...