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Inflation and Income Distribution : Further Evidenceon Empirical Links
Bulir, Ales - 1995
This paper examines the effects of inflation and associated financial instability on income distribution. Using both … pooled cross country and single country time series models, the level of inflation, inflation variability, and the … measures of income distribution, the issue as to whether inflation is a progressive or regressive tax is found to be negatively …
Persistent link: https://www.econbiz.de/10014397959
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Income Inequality : Does Inflation Matter?
Bulir, Ales - 1998
any austere effects; low inflation reinforces, rather than counteracts, the income-equalizing effect of fiscal …
Persistent link: https://www.econbiz.de/10014400206
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Finance, growth, and inequality
Levine, Ross - 2021
Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this...
Persistent link: https://www.econbiz.de/10012612328
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Personal income tax progressivity : trends and implications
Gerber, Claudia; Klemm, Alexander; Liu, Li; Mylonas, Victor - 2018
This paper discusses how the structure of the tax system affects its progressivity. It suggests a measure of progressive capacity of tax systems, based on the Kakwani index, but independent of pre-tax income distributions. Using this and other progressivity measures, the paper (i) documents a...
Persistent link: https://www.econbiz.de/10011978377
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Inequality of opportunity, inequality of income and economic growth
Aiyar, Shekhar; Ebeke, Christian - 2019
We posit that the relationship between income inequality and economic growth is mediated by the level of equality of opportunity, which we identify with intergenerational mobility. In economies characterized by intergenerational rigidities, an increase in income inequality has persistent...
Persistent link: https://www.econbiz.de/10012009340
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Are elasticities of taxable income rising?
Klemm, Alexander; Liu, Li; Mylonas, Victor; Wingender, … - 2018
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/10011878756
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Government Size and Intersectoral Income Fluctuation : An International Panel Analysis
Kim, Daehaeng - 2007
Using the between-sector variation in income as a new measure of economic uncertainty, this paper proposes simple models and supportive empirical evidence for the causal relations between economic uncertainty and government size in the open economy setting. Key empirical findings include: (1) a...
Persistent link: https://www.econbiz.de/10014400576
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The Security Factor in the Political Economy of Development
McGuire, Martin C. - 1998
A country’s judiciary, police, and security forces are essential to protect the State from external aggression. By virtue of the State’s monopoly of coercion, they maintain a stable legal framework and the safety of persons and property. All these activities enhance a society’s...
Persistent link: https://www.econbiz.de/10014400756
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Carbon Taxes : Their Macroeconomic Effects and Prospects for Global Adoption: A Survey of the Literature
Gandhi, Ved P. - 1998
The carbon tax is a major instrument for curbing greenhouse gas emissions that cause global warming. Yet its adoption has been limited because of concerns over its effects on economic growth, income distribution, and international competitiveness. The paper shows that policymakers can minimize...
Persistent link: https://www.econbiz.de/10014403416
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Counterfeit Goods and Income Inequality
Scandizzo, Stefania - 2001
This paper examines the effect of counterfeit goods in a world where consumers are differentiated by level of income and innovation is quality enhancing. Counterfeit goods are defined as products with the same characteristics as “originals”, but of lower quality. The effect of imitation on...
Persistent link: https://www.econbiz.de/10014403598