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incomes. This paper assesses the net welfare benefit of mobility by assuming both a social aversion to inequality in permanent … and on the inequality of income across individuals. Using panel data, we find that Canada's tax system limits … income equalizing effect of taxes can reach up to 23 percent of mean income at the higher values of inequality aversion that …
Persistent link: https://www.econbiz.de/10009308021
Expansion of the public sector and redistributive policies may reduce income inequality, but formal tests suffer from … income inequality and government size, measured as the government expenditure share in GDP. Using a novel instrument - the … the true role of the government in attenuating income inequality. The estimated relationship between income inequality and …
Persistent link: https://www.econbiz.de/10011955505
Thirty years after the "Washington Consensus", is there a new policy consensus that addresses the problem of inequality … surprisingly, on what the actual levels of income inequality are, and there are common misperceptions about their trends. In policy …
Persistent link: https://www.econbiz.de/10014338520
We apply the Kakwani approach to decomposing redistributive effect into average rate, progressivity, and reranking components using yearly UK data covering 1977-2018. We examine cash and in-kind benefits, and direct and indirect taxes. In addition, we highlight an empirical implementation issue...
Persistent link: https://www.econbiz.de/10012697297
We decompose the redistributive effect of direct taxes into vertical, horizontal, and reranking components applying the methods of Urban and Lambert (Public Finance Review, 2008). In the first such application to the UK, and using yearly data covering 1977-2020, we find that redistributive...
Persistent link: https://www.econbiz.de/10014423792
To contribute to the debate on the recent inequality fall in Latin America, we provide evidence on the primary income … matched personal-firm income tax records, we find that trends are sensitive to the data source and inequality measure. Gini …
Persistent link: https://www.econbiz.de/10012194106
parents. We also find that the higher educational costs incurred by younger generations is far outweighed by their lifetime …
Persistent link: https://www.econbiz.de/10014492200
on pre-government income inequality hints at substantial disincentive effects. -- social benefits ; redistribution …This paper explores if more generous social spending polices in fact lead to less income inequality, or if … with regard to inequality levels, I apply the System GMM estimator and use the presumably random incidence of certain …
Persistent link: https://www.econbiz.de/10009007489
. -- inequality ; redistribution ; social expenditure ; progressive taxation …Recent discussions about rising inequality in industrialized countries have triggered calls for more government … intervention and redistribution. Due to obvious behavioral effects caused by redistribution, it is however not clear whether …
Persistent link: https://www.econbiz.de/10009536424
agents' biased perceptions with this information has a significant effect on their stated preferences for redistribution … levels of redistribution when informed of their true ranking. This relationship between biased perceptions and political … attitudes provides an alternative explanation for the relatively low degree of redistribution observed in modern democracies …
Persistent link: https://www.econbiz.de/10009306315