Showing 1 - 10 of 223
This paper assesses a possible explanation for the global downward trend in top personal income tax rates over the last decades: globalization and the related tax evasion and avoidance opportunities could have raised elasticities of taxable income, which would imply lower optimal tax rates. The...
Persistent link: https://www.econbiz.de/10012913893
It is a well-known result in economics that land value taxation is efficient since it does not distort the supply of the tax base. Considering only efficiency, land value should thus be fully taxed. Using optimal taxation theory with heterogeneous households, we show that it may be optimal not...
Persistent link: https://www.econbiz.de/10014264215
This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, i.e. in support of inclusive growth. It starts with a discussion of the key principles from tax theory to guide practical tax design. Then, it elaborates on more granular tax policy,...
Persistent link: https://www.econbiz.de/10013250090
This paper investigates the main determinants of income inequality in transition countries during the period 1990 … inequality: the potential endogeneity of income growth, which is largely ignored by most empirical studies. We adopt a two … relationship between income inequality and the level of economic development. We also find that the redistributive impact of fiscal …
Persistent link: https://www.econbiz.de/10012839678
In this study, we document the decline in income inequality and a convergence in consumption patterns in Brazilian … regression framework, we find that labor income growth, formalization, and schooling contributed to the decline in inequality …
Persistent link: https://www.econbiz.de/10012942346
The paper uses a combination of micro-level datasets to document the rise of income polarization - what some have referred to as the 'hollowing out' of the income distribution - in the United States, since the 1970s. While in the initial decades more middle-income households moved up, rather...
Persistent link: https://www.econbiz.de/10012977856
We examine the extent to which declining manufacturing employment may havecontributed to increasing inequality in … high initialmanufacturing wage premium and the high level of income inequality. The manufacturingwage premium declined … between the 1980s and the 2000s in the United States, but it doesnot explain the contemporaneous rise in inequality. Instead …
Persistent link: https://www.econbiz.de/10012860990
Income inequality in Latin America has declined during the last decade, in contrast to the experience in many other … declining trend in income inequality in Latin America and proposes various reasons behind this important development. Using a … almost two-thirds of the recent decline in income inequality in Latin America is explained by policies and strong GDP growth …
Persistent link: https://www.econbiz.de/10013049170
This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income … inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with … equity' miracle. There is a growing consensus that high levels of inequality can hamper the pace and sustainability of growth …
Persistent link: https://www.econbiz.de/10012995280
This paper explores the impact of fiscal and labor market policies on efficiency, inequality, and fiscal outcomes in … inequality, the main exception being capital income tax cuts. A reduction of the minimum wage has an ambiguous impact on the … could improve overall efficiency, inequality, and fiscal outcomes, for instance if targeted labor tax reductions are offset …
Persistent link: https://www.econbiz.de/10012996059