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will tend to be higher in countries with higher inequality and with greater pro-rich bias in the political system …. Conversely, the use of income tax will be higher in countries with lower inequality and less pro-rich bias. The model also … predicts that although inequality and political bias will have an impact on the composition of revenue, it will have no effect …
Persistent link: https://www.econbiz.de/10010745045
This paper employs a decomposition analysis of inequality by income source to understand and explain particular aspects … of income inequality in Greece. The results suggest that entrepreneurial income is the most significant contributor to … overall inequality in Greece. It is also shown that there is a weak redistributive impact of taxes and social security …
Persistent link: https://www.econbiz.de/10010928797
income inequality in Greece. This analysis is quite revealing for understanding and explaining income idfferences among … certain population subgroups with apparent policy implications. The degree to which overall inequality is attributable to … inequality between these sub groups or to inequality within them is investigated, employing a decomposition analysis by …
Persistent link: https://www.econbiz.de/10010745031
responses suggest that important axioms which serve to differentiate polarisation from inequality - e.g. increased …
Persistent link: https://www.econbiz.de/10010745093
Inequality aversion and risk aversion are widely assumed features of economic models. But a review of the literature … designed to separate inequality aversion from risk aversion. In a set of laboratory experiments, subjects chose between two … alternative with constant risk level implies a higher level of inequality aversion. The experiment was conducted among 211 eight …
Persistent link: https://www.econbiz.de/10010746509
The analysis of inequality is placed in the context of recent developments in economics and statistics. Prepared for …
Persistent link: https://www.econbiz.de/10010746604
The EMU fiscal adjustment paths of the four Southern Europe members (Italy, Spain, Greece, and Portugal – SE-4) vary along two dimensions: a) cross-temporal (pre- and post-EMU accession) and b) cross-country. We account for the cross-temporal variation by distinguishing between the ‘hard’...
Persistent link: https://www.econbiz.de/10005453831
This paper analyses the international dimension of fiscal policy using a small open economy framework in which the government finances its spending by levying distortionary taxation and issuing non-state-contingent debt. The main finding of the paper is that, once the open economy aspect of the...
Persistent link: https://www.econbiz.de/10010746678
No Abstract
Persistent link: https://www.econbiz.de/10011125913
The size and sign of the government spending multiplier crucially depends on how the spending is financed and how consumers respond to implied future tax increases. I investigate this issue in an estimated New Keynesian DSGE model with distortionary labor and capital taxes and, importantly, with...
Persistent link: https://www.econbiz.de/10011126036