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This paper examines the redistributive impact of fiscal policy for Brazil, Chile, Colombia, Indonesia, Mexico, Peru and … policy increases poverty in Brazil and Colombia (over and above market income poverty) due to high consumption taxes on basic … effect of net indirect taxes is unequalizing in Brazil, Colombia, Indonesia and South Africa. Total spending on education is …
Persistent link: https://www.econbiz.de/10011403055
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Recent research shows that the merger of economies increases aggregate stress. This paper shows that there is no income distribution policy which will ensure that the wellbeing of the individuals belonging to merging economies does not fall below their pre-merger level.
Persistent link: https://www.econbiz.de/10010933301
I study the integration of regions in the form of a merger of populations, which I interpret as a revision of people’s social space and their comparison set; I illustrate the way in which a merger can aggravate social distress; and I consider policy responses. Specifically, I view the merger...
Persistent link: https://www.econbiz.de/10010576429
This paper considers the integration of economies as a merger of populations. The premise is that the merger of groups of people alters their social landscape and their comparators. The paper identifies the effect of the merger on aggregate distress. A merger is shown to increase aggregate...
Persistent link: https://www.econbiz.de/10010702960
Macroeconomic crises not only affect the current living standards of the poor, but their ability to grow out of poverty. This paper presents evidence on the impact of economic crisis on poverty and inequality in Latin America. Crises not only result in higher poverty rates but may cause...
Persistent link: https://www.econbiz.de/10009021303
Under a deadweight loss of tax and transfer, there is tension between the optimal policy choices of a Rawlsian social planner and a utilitarian social planner. However, when with a weight greater than a certain critical value the individuals’ utility functions incorporate distaste for low...
Persistent link: https://www.econbiz.de/10010743742
In response to the imposition of steep enough sanctions for employing illegal migrants, the firm reassigns managers from supervision of production to verification of the legality of its workforce. This impedes production efficiency, reduces wages, and hurts the native workers.
Persistent link: https://www.econbiz.de/10010594194
The economic and psychological literatures have demonstrated that early investments (private and public) in children can significantly increase cognitive outcomes in the short and long term and contribute to success later in life. One of the most important of these inputs is maternal time....
Persistent link: https://www.econbiz.de/10011430563
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