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Within the context of the neoclassical growth model I investigate the implications of (initial) endowment inequality …
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growth. The analysis focuses on recently advanced unified growth theories that capture the intricate evolution of income per … transition from stagnation to growth and the associated phenomenon of the great divergence in income per capita across countries … has been widely viewed as one of the most significant challenges facing researchers in the field of growth and development …
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and endogenous evolution of finance, inequality, and economic growth. …
Persistent link: https://www.econbiz.de/10008776997
This paper looks at the incidence of fiscal policy on the income distribution for Chile and Mexico. Notably by broadening the income concept to account for in-kind benefits and taxes, this paper provides a full picture of the effect of fiscal policy on reducing income inequality. The contrast...
Persistent link: https://www.econbiz.de/10011276688
What shapes the optimal degree of progressivity of the tax and transfer system? On the one hand, a progressive tax system can counteract inequality in initial conditions and substitute for imperfect private insurance against idiosyncratic earnings risk. At the same time, progressivity reduces...
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